This seems like FUD. Anecdotally, even with property taxes, insurance, and all the rest of it, my 1,000 sq-ft 40s constructed house is 60% the cost of what my girlfriend was previously paying to rent a 1bd apartment on the outskirts of our town. And that is with a "first time homebuyer" $0-down mortgage I got through a local credit union.
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This seems like FUD. Anecdotally, even with property taxes, insurance, and all the rest of it, my 1,000 sq-ft 40s constructed house is 60% the cost of what my girlfriend was previously paying to rent a 1bd apartment on the outskirts of our town. And that is with a "first time homebuyer" $0-down mortgage I got through a local credit union.