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Old 03-30-2018, 12:12 PM
 
Location: Youngstown, Oh.
4,779 posts, read 7,342,359 times
Reputation: 4300

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Quote:
Originally Posted by Piney Creek View Post
I have to agree that even if houses below $50K do exist in some cities, they will still be less than desirable. You might regret that purchase. It might be a better idea to rent. There are plenty of advantages to renting.
I think there have been enough examples provided in this thread to show this isn't always true.
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Old 03-30-2018, 12:56 PM
 
Location: Living on the Coast in Oxnard CA
15,371 posts, read 25,586,306 times
Reputation: 19646
My sister and Brother in Law bought a home in Arkansas for under $20,000. Not sure how big the lot is, I was thinking 5 acres. They have spent $40,000 to date fixing it up. For them this home is a hobby of sorts. They own homes in California and Arizona. My brother in law wants to retire to Arkansas and both of them love the home they are fixing up. I guess it can be done.

On a side note, realize that the area they bought has no jobs.
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Old 03-30-2018, 01:33 PM
 
Location: Virginia
7,893 posts, read 12,148,561 times
Reputation: 3549
Quote:
Originally Posted by JR_C View Post
I think there have been enough examples provided in this thread to show this isn't always true.
Yes.

Either way, the OP didnít specify the houses had to be in a desirable area. The only criteria were less than $50k and livable.
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Old 03-30-2018, 01:48 PM
 
10,382 posts, read 4,091,053 times
Reputation: 14625
Quote:
Originally Posted by tgbwc View Post
Yes.

Either way, the OP didn’t specify the houses had to be in a desirable area. The only criteria were less than $50k and livable.
Nor did he state they had to be updated lovely newer houses. He's looking for a decent home that is livable. There have been more than a few examples here of that.
I don't know why some people don't understand that part of the conversation. People are responding as if they themselves are being forced to move and live in them.
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Old 03-30-2018, 04:26 PM
 
877 posts, read 1,184,816 times
Reputation: 1199
Cando, North Dakota.

https://www.zillow.com/homes/for_sal...ct/6_zm/1_fr/?

I'm tempted to buy it myself except for the ND thing. Location location location.

(I'm just having fun. I passed through ND on vacation two years ago and thought it was pretty cool. Plan to go back there and hang out when I have more time.)
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Old 03-30-2018, 06:14 PM
 
3,272 posts, read 1,946,787 times
Reputation: 6284
Quote:
Originally Posted by 49erfan916 View Post
This made me laugh outloud!
A lot of people have that response to Camden, NJ. I've never understood why Camden hasn't become more desirable. There ARE little pockets of OK -- and even nice -- neighborhoods. I do recognize that. But by and large, the city is a crime-ridden place, with more than its share of burned-out, falling-down buildings. Pity, because it is just a short train ride (under 10 minutes) from Philadelphia, which has had much more of a Renaissance in the last 20-30 years. After the housing crash in 2007-2008, I was expecting a developer to buy up huge chunks of Camden and re-develop it, but it never happened. I actually do hope Camden has its own Renaissance, but I'm not holding my breath. It hasn't happened in the almost-40 years I've been living in South Jersey.
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Old 03-30-2018, 09:03 PM
 
386 posts, read 227,898 times
Reputation: 376
were you looking for a decent dog house or bird house?
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Old 03-30-2018, 10:39 PM
 
Location: Stephenville, Texas
911 posts, read 1,357,942 times
Reputation: 1658
Quote:
Originally Posted by SOON2BNSURPRISE View Post
My sister and Brother in Law bought a home in Arkansas for under $20,000. Not sure how big the lot is, I was thinking 5 acres. They have spent $40,000 to date fixing it up. For them this home is a hobby of sorts. They own homes in California and Arizona. My brother in law wants to retire to Arkansas and both of them love the home they are fixing up. I guess it can be done.

On a side note, realize that the area they bought has no jobs.
But if they plan to retire there, the lack of jobs shouldn't be an issue. Unless they are thinking of part time or seasonal jobs, perhaps.
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Old 03-30-2018, 10:40 PM
 
121 posts, read 37,732 times
Reputation: 239
Quote:
Originally Posted by Serious Conversation View Post
A lot of people get this impression that very rural is cheap, and that isn't necessarily so.

The town I work in is pretty much full blown Rust Belt. Drugs are everywhere. Crime is high. The house below is about a mile from a large paper mill. It smells awful most of the time. The job market is weak for anything about $15/hr or so. Would you want this house even though it's below $50k?

https://www.trulia.com/p/tn/kingspor...60--2096427184
That's not a bad looking place.
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Old 03-31-2018, 12:13 AM
 
10,382 posts, read 4,091,053 times
Reputation: 14625
Quote:
Originally Posted by Serious Conversation View Post
A lot of people get this impression that very rural is cheap, and that isn't necessarily so.

The town I work in is pretty much full blown Rust Belt. Drugs are everywhere. Crime is high. The house below is about a mile from a large paper mill. It smells awful most of the time. The job market is weak for anything about $15/hr or so. Would you want this house even though it's below $50k?

https://www.trulia.com/p/tn/kingspor...60--2096427184
I would if that's what I could afford. It's not horrible. It's a small older house that needs some work. It's not the end of the world. Everything I see is quite fixable and cosmetic. This house could easily be made livable. Estimated monthly mortgage is $275. It's much more affordable than an apartment and it sure as hell beats being homeless and living in your car.

Last edited by marino760; 03-31-2018 at 12:21 AM..
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