Says You Can Get an $1,000 Monthly Mortgage in These 5 Southern Cities

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Recently, crunched numbers to see where in the country you could get an $1,000 or cheaper monthly mortgage. They calculated with a hypothetical 30-year-fixed-rate loan for each of the 200 largest metropolitan areas, with balances for geographic diversity.

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You may remember the foreclosure story I wrote in July of this year about a professional real estate couple with a combined income of $130,000 a year. Most people welcomed the story since it provided a detailed look of a couple living in Orange County and how the real estate downturn will be a double-whammy for many.

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As an expat (staying 3 months or longer), you can have an upper-middle-class lifestyle for less than $1,000/month. Most locals live on less than $500/month. The lifestyle output is higher than what.