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Old 04-02-2009, 04:21 PM
 
Location: California
62 posts, read 260,905 times
Reputation: 58

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Hi All,

I'm hoping you can give me some ideas about what places in the US have the lowest home prices and cost of living...with fairly good jobs nearby.

Here's the story: I'd like to move to an area where I can buy a cheap, 1-person house and work part time just for basic necessities like food, gas, utilities, for one year, without completely wiping out my savings. I own my car and have no debts. I have enough savings to make the downpayment on an $80-110k house and then would be happy paying around $500 per month on the mortgage.

The trouble is, I would need to be able to make enough money working part time to cover my other costs without having to live off the rest of my savings during the year. I don't telecommute, and my skills are in business administration and corporate event planning, but I could be an office manager or secretary for a year if necessary.

So, my question is: where are houses very cheap, within 1 hour of less commuting distance from jobs that would pay enough, on a part-time basis, to cover very basic costs like food, gas and a cheap mortgage? No extras are needed- no new clothes, no online shopping, no cable, nothing. I'm prepared to not buy anything but food and gas for 1 year. Thank you so much for your input!

Actually, I think this would be an interesting premise for a reality tv show... How to take a semi-sabbatical, if you're not a millionaire, without wiping out your savings...
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Old 04-02-2009, 04:45 PM
 
56,742 posts, read 81,061,259 times
Reputation: 12549
Try Syracuse or some of the other Upstate NY cities(seriously).....Check this information out:CNYREALTOR.COM | #1 in Syracuse real estate and homes for sale. Search over 6,000 listings.

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and much, much more. Just when you search, put in Onondaga County.
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Old 04-02-2009, 06:56 PM
 
5,709 posts, read 8,775,783 times
Reputation: 4928
I think in this economy you need to look for work first. Just apply for jobs in lower cost areas. There are plenty of places in the country where you can buy 80-110K homes. You might even look for a 50-80K home so you can get by with a smaller salary.
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Old 04-02-2009, 07:03 PM
 
5,709 posts, read 8,775,783 times
Reputation: 4928
Another thought - I don't know what kind of cash you are talking about but you can probably buy something pretty cheap for cash at a forclosure or estate auction.
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Old 04-02-2009, 07:49 PM
 
5,728 posts, read 9,098,362 times
Reputation: 2470
Try around Indianapolis. Housing is very affordable throughout Indiana and the job market is about the same as Syracuse, at least if you go by the unemployment rate. But watch out! If Chrysler goes under and GM is pared down to nothing then central and northern Indiana will lose a ton of manufacturing jobs that will result in harm to all sectors of that economy.
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Old 04-11-2009, 02:09 AM
 
Location: California
62 posts, read 260,905 times
Reputation: 58
Thank you so much, to all of you, for your replies! You've given me a lot to think about.

I just looked at Dayton, OH, by the way, and their housing prices are shockingly low. $12,000 for a large house that's move-in ready now, not in a high-crime area, and there are hundreds of these. Of course, their job market is in serious trouble... You may want to take a look at the prices anyways, though, if only for the (low) sticker shock.
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Old 04-11-2009, 01:46 PM
 
9,629 posts, read 23,847,358 times
Reputation: 5253
Hot Springs, Arkansas? Or Hattiesburg, Mississippi? Both are pretty nice places with low cost houses and something of an economy.
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