This topic contains 6 replies, has 4 voices, and was last updated by 
Crow Bar 1 year ago.
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https://www.apnews.com/4dba15376df3463c99c7a03bcb28276e
Look at the picture.
$438k for that. And it is frame and stick construction.
Look how close the adjacent house is. -
I have an acquaintance who purchased a $450K home on the Gulf Coast of Florida for $150K after the housing bubble burst about 2008. I remember riding around looking at houses for sale in the Florida Keys after the collapse. It was amazing what $200K could have bought. Many owners were ‘underwater’ on their house. Some just walked away and left the house keys for the bank. Same think is coming again. That couple who payed $438K for that house on a postage stamp lot are likely to find themselves crying instead of celebrating unless they put down a whopping down payment.
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@James,
Amazing is it not?Say what you want about the “fly over states,” at least you can get a lot more than a postage stamp lot for the same price.
I got 150acres for just under $1k an acre.
Edit: And, I can see the stars.
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This reply was modified 1 year ago by Crow Bar.
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You are exactly right, CB. Unfortunately the results sometimes are that those fleeing crowded high-tax/high cost of living states immigrant and bring their leftist politics along with them. I see it here all the time. Soon after arriving they busy themselves making the new, cheaper, location as bad as the place they ran from.
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This reply was modified 1 year ago by
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I just helped my son buy a house. He’s 23, single with a young kid. Rent prices are ridiculous, and he found a nice little farmhouse on two acres for considerably less than he’d pay for a crappy apartment. Plus it’s ten miles from our town, and no neighbors on top of him. I think this is one of the wisest decisions he has made. It has propane and a woodstove, plus a well and an already established garden plot. He’s planning chickens soon and maybe goats next year. I think he’ll be set up nicely for the future.
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Our kids bought a house together that increased in value on Zillow by over $160,000 in two year’s time. Suddenly, the value is $80,000 less according to their algorithm. My suspicion is that they are trying to start “buying in” to that neighborhood. So, I think their strategy is to lower the comparable values so they can buy low. https://www.housingwire.com/articles/48838-zillow-planning-expansion-of-its-home-buying-business-in-southwest This should exacerbate a crash scenario.
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@Not From Around Here,
That does sound like a good deal!
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