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Heh.
You clearly haven't browsed real estate in cities like Flint and Detroit.
Thousands of houses cheaper than that every day. Many of them perfectly liveable although obviously not the greatest neighborhoods.
No lie, a kid who works for me just bought a house plus the lot next door for $1400, today. Perfectly OK little 1950s 800 sf house with a detached one-car garage that he has been living in for several years, he bought it for back taxes from the county after his landlady let it go back for taxes. He'll pay it off at $100 per month. Taxes are around $400 per year.
No clue about that Island Falls house; looks like it could be a great deal for someone who is handy and has the means to fix it up, and isn't fussy about location!
Well, I was thinking more of Maine houses. Real estate is cheap up here, but even by those standards this one seems unbelievably low. It's a big house, and seems to be in good shape. Even has a decent garage and a full-sized lot.
The southern Aroostook, small towns such as Crystal, Island Falls and so on have been really hurting. Their villages are dying, people are moving away. The economic action such as it exists has been going to the larger towns such as Houlton. Smyrna was headed the same way until the Amish brought in new life there. Oakfield was hurting too, though I suspect the huge tax dollar influx from the soon-to-come wind farm will go a fair way towards saving them.
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