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> At this point in the real estate cycle, you could probably buy two single homes, For $100k? Where in the US would that be?
by nearestneighbor 16y ago
> At this point in the real estate cycle, you could probably buy two single homes,
For $100k? Where in the US would that be?
- raphaelb 16y agoHere in small town midwest you can get decent rental properties for around 50k-60k.
- tricky 16y agoyou could get 10 of them in detroit.
- HeyLaughingBoy 16y agoNot for cash: well, you probably could buy two condos for cash, but that's not what I meant. I meant in terms of down payment. Even here, (rural Minnesota outside the Twin Cities), people want to rent. A house around here with 20 acres of land can be had for less than $300k. Houses in town on 1/2 acre can be found for under $200k, and this is in a pleasant small town. There are many people who for one reason or another can't afford their own home, and make great tenants. My favorite was the guy who paid cash, months in advance because he traveled a lot and "didn't want to be late."