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
After doing little comparative experiments on real estate websites, I'll often get ads like this. Highly illustrative. Antigo is a medium sized town of 8000 in the north woods of Wisconsin. 95% white. The Bronx is... Well, the Bronx. I wonder why the address…
Another one
But honestly Yoopers are just jealous because we don't have cool bars on our windows. Sad.
But honestly Yoopers are just jealous because we don't have cool bars on our windows. Sad.