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Have you ever purchased a house this cheap that is livable? i.e., not in a ghetto, doesn't have serious repair problems, liens, etc. For your information, I live in Ohio and there are lots of these types of cheap houses. Many in the $30,000 range and lower. Some in small towns, others in bigger metros. I'm interested in your personal experiences.
I'm planning on retiring and buying/living in a town in middle America where home prices are like this. Contrary to what some people might think, these towns often have low crime rates and the houses are nice, small but nice. Of course, everywhere is a little different, but here's one example of a nice town, low crime rates and home prices being quite affordable. Not all homes are that low in cost, but enough are that it makes living there an option. The average home price is about $100,000 so there are also plenty of homes well below this and also above this price.
I think a lot of people on both coasts forget that there is a middle America where you can still live in a nice town for relatively small amount of money.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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True, here on the west coast such prices are unheard of and hard to imagine. We paid exactly $50k for our first home, 2Br 1 ba 1,100 SF in the San Francisco Bay Area, in 1978. Zillow lists it now as worth $700k.
Have you ever purchased a house this cheap that is livable? i.e., not in a ghetto, doesn't have serious repair problems, liens, etc. For your information, I live in Ohio and there are lots of these types of cheap houses. Many in the $30,000 range and lower. Some in small towns, others in bigger metros. I'm interested in your personal experiences.
Yes I have for $56K, it's in southwest Florida, older small home, but perfect for me and my dogs. Safe quiet area on a dead end street, older small home. No major issues, ready to live in, passed inspection and appraisal, got an FHA loan.
The guy who took over my old place had a 2/1,5 with a small pool for sale about 90 miles north of Tampa, and the same distance west of Orlando. He had it appraised and it came in at about $50k, he has a RE license, but is not an active agent. He wanted to be closer to Broward county where I moved from so he ended up renting out his other home. Over on the east coast of Florida there are no decent homes in that price range I even checked north in Palm Beach county but had to head west to find a home.
THe only bad thing in Florida is that home insurance is so high because of hurricanes , it costs almost as much to insure the home than the principal on the mortgage, but the total mortgage is still cheaper than renting a one bedroom apartment here. There are issues everywhere, in cold areas you have to worry about the large heating bills in the winter.
Last edited by LifeIsGood01; 08-21-2016 at 07:25 AM..
I just bought a house just outside of Greenville Sc (an extremely desirable city right now) for $66K. 2 BR, 2BA. 1561 Sq Ft. half acre lot. We are going to renovate, because the styling is very old, but it is completely liveable.
It's completely location dependent. I live in Denver and 50K gets you a garage. Literally - the only listing right now for 50K or under is a garage. Not an apartment with a garage, just the garage, if you live somewhere that doesn't have one or have an extra car or other items to store.
If you go up to 100K, you have your choice of 5 1 bedroom condos in old, converted apartment buildings, in not particularly nice areas. 150K increases the number of condo choices but still doesn't get you into a single family house.
Since I prefer to live someplace with the amenities of a larger city, I accept that I will be paying more for housing.
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Some in small towns, others in bigger metros. I'm interested in your personal experiences. 
