Forwarded from THE Philosopher
Another very strong example of the phenomenon described in the post I'm replying to. This home in Portland, OR costs $250,000.
Folks will often tell me, "That home is only $70,000, it must have major issues."
This is true if it's in a profitable area.... But often, the biggest "issue" causing a home to have a low price is that it's in a low demand area.
Location, location, location. Avoid the locations in high demand, and you can buy cheap.
Folks will often tell me, "That home is only $70,000, it must have major issues."
This is true if it's in a profitable area.... But often, the biggest "issue" causing a home to have a low price is that it's in a low demand area.
Location, location, location. Avoid the locations in high demand, and you can buy cheap.
Forwarded from THE Philosopher
On the other hand, $250k in a poor area gets you a beautiful 4 bedroom house on 40 acres with farmland equipped with a chicken coop, various pens and fencing, and automatic watering systems, acres of forest with walking trails, and a stream running through it
THE Philosopher
Anyone in the market for a small $20k starter home?
Now compare the $20k Ironwood house to the $240k Tacoma house
Forwarded from Theodulfo Borfoni
I think if you pour a circle of Comet-brand cleaner to keep rats from biting your face while you sleep on the floor curled in the fetal position, it's almost livable
THE Philosopher
Anyone in the market for a small $20k starter home?
Want something a bit bigger? In a bit better shape?
This 2 bedroom home is going for $40k.
This 2 bedroom home is going for $40k.
Forwarded from Wayland
I sorta want to buy some of these and just become a UP land baron