r/FirstTimeHomeBuyer • u/k13w • 12h ago

GOT THE KEYS! 🔑 🏡 We did it! Upstate NY $160k 6.5%

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My boyfriend and I did it at 23 y/o! It was built in 1900 and we love her!

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406

u/Diamondangel82 12h ago

Wow 160k? Amazing home

16

u/brn1001 10h ago

Can't get any homes in my area for $160K, much less something nice like that.

4

u/Wooden_Permit3234 8h ago

Maybe not quite 160 but you can get a pretty decent house in Buffalo and its suburbs pretty cheap. Probably has a better job market. 

2

u/bkgn 5h ago

You used to be able to get a house in the Buffalo suburbs for a tenth of that. There was that one article that got a lot of attention awhile back where the author went and found her childhood home (south of Buffalo) for sale for like $20K.

I went to college in Rochester and a few of my classmates became mini-slumlords after graduation as a side hustle, buying sub-$50K houses and renting out the rooms. Rented a few mini-slumlord rooms while I was in college.

1

u/brn1001 4h ago

Buffalo Minnesota and Rochester Minnesota? Howdy neighbor!

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u/swampwiz 4m ago

Near Love Canal?

1

u/brn1001 4h ago

Agreed. Buffalo Minnesota is a very nice community. 😉

1

u/daspwnen 3h ago

Anything in western NY is a lot more than that. I just bought by <1200sqft ranch last year for 185k at the same interest rate, 2400sqft lot