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Old 03-27-2018, 04:32 PM
 
12,016 posts, read 12,695,396 times
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there are places where you can find small homes, I know of a town north of Tampa that has cheaper homes as well as a few one bedroom homes which would be great for retirees to live on only Social Security. Sadly many places have very little to no low income housing for older people so that's an option, you can always get a mortgage at any age too because they can't discriminate against you. There are also programs to help you fix up your house from HUD. Better to pay a $400 mortgage than $700 rent. And if you can get a 2 bedroom and can get a trusted friend to live with you, you can rent out the other room and live mortgage free.
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Old 03-27-2018, 05:08 PM
 
Location: Los Angeles (Native)
25,303 posts, read 21,387,412 times
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Definitely was a lot easier during the housing crash but now a lot of those cheap homes have gone up double or more .

From what I see now parts of the Midwest are best . Cleveland , Indianapolis for larger cities.
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Old 03-27-2018, 05:11 PM
 
Location: Columbia SC
14,224 posts, read 14,642,943 times
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Quote:
Originally Posted by mathjak107 View Post
yeah , i am sure i am ... you want to live in these places , go right a head .
I agree.
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Old 03-27-2018, 05:11 PM
 
Location: Saint John, IN
11,583 posts, read 6,702,884 times
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OP, you can probably find a cheap home in almost any state, you need to narrow it down where exactly you want to live. Then you'll get better recommendations.
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Old 03-27-2018, 05:53 PM
 
Location: Raleigh
8,168 posts, read 8,493,099 times
Reputation: 10146
Sure. Detroit.
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Old 03-27-2018, 06:02 PM
 
Location: Renton, WA
615 posts, read 1,372,315 times
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You may want to consider Saginaw, Michigan. I found this house as a potential good deal at $26,500, 4646 South Gregory Street. It is 1,232 square feet on an 8,276 sq. ft. lot, has three bedrooms and one and a half baths.

https://www.realtor.com/realestatean...1_M40777-37545

I've never been to Saginaw, but the above website shows other houses well below $50,000 in price. Why would houses in Saginaw be so inexpensive? It appears to be a good place to live, and one can buy a home without spending a lot of money.
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Old 03-27-2018, 06:11 PM
 
Location: southwest TN
8,568 posts, read 18,069,299 times
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We bought our home for under $50K in SW TN. Our property taxes began at $262 - YEARLY and are now below $250. We have 4 acres, added a pool, deck, and recently gutted and rebuilt the bathroom; we put a new metal roof on, added another room, installed a back-up generator and a safeshed (tornado shelter). The 3 bedrooms are small, but we have 3 outbuildings for storage. A friend from the north east is thinking of retiring here and I've been looking, there is still a decent market for $50K homes in this area. We took our time making the improvements but we're comfortable.


If you're looking for good schools, this is not the area. If you're willing to drive 30-45 minutes' commute, you can find decent jobs.
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Old 03-27-2018, 06:26 PM
 
Location: Formerly Pleasanton Ca, now in Marietta Ga
10,312 posts, read 8,504,387 times
Reputation: 16607
Quote:
Originally Posted by Highpointer View Post
You may want to consider Saginaw, Michigan. I found this house as a potential good deal at $26,500, 4646 South Gregory Street. It is 1,232 square feet on an 8,276 sq. ft. lot, has three bedrooms and one and a half baths.

https://www.realtor.com/realestatean...1_M40777-37545

I've never been to Saginaw, but the above website shows other houses well below $50,000 in price. Why would houses in Saginaw be so inexpensive? It appears to be a good place to live, and one can buy a home without spending a lot of money.
Saginaw is kind of a slowly dying blue collar city. It has a really high crime rate. That said I got my friend to invest in rentals and she bought seven in Saginaw. She grew up there and lives about 30 minutes north of there. The homes are pretty decent and cheap. You just need to know where the pockets are.
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Old 03-27-2018, 06:57 PM
 
1,078 posts, read 933,229 times
Reputation: 2867
Quote:
Originally Posted by Highpointer View Post
You may want to consider Saginaw, Michigan. I found this house as a potential good deal at $26,500, 4646 South Gregory Street. It is 1,232 square feet on an 8,276 sq. ft. lot, has three bedrooms and one and a half baths.

https://www.realtor.com/realestatean...1_M40777-37545

I've never been to Saginaw, but the above website shows other houses well below $50,000 in price. Why would houses in Saginaw be so inexpensive? It appears to be a good place to live, and one can buy a home without spending a lot of money.
Saginaw has been dying for years, unfortunately. Not a lot of jobs, the newer surrounding communities have taken most of the regional growth. We sold a relative’s home right by the high school a few years back and it’s just sad what has happened to it. If you can get work there it’s not a bad place to live, but it’s really not bouncing back in terms of economic development. That’s just moving elsewhere in Michigan, from all I can tell.
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Old 03-27-2018, 07:04 PM
 
Location: Los Angeles (Native)
25,303 posts, read 21,387,412 times
Reputation: 12318
Quote:
Originally Posted by aslowdodge View Post
Saginaw is kind of a slowly dying blue collar city. It has a really high crime rate. That said I got my friend to invest in rentals and she bought seven in Saginaw. She grew up there and lives about 30 minutes north of there. The homes are pretty decent and cheap. You just need to know where the pockets are.
How much did she spend on the rentals and what are rents ?

I guess as long as one can keep the properties rented it’s ok if there isn’t high growth.
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