Exactly right. Ignoring income of local buyers in market would be ridiculous. My family bought an apartment couple of hrs from Delhi for about $100K which is h

Exactly right. Ignoring income of local buyers in market would be ridiculous. My family bought an apartment couple of hrs from Delhi for about $100K which is huge amount for locals considering it is center/ hub of nothing. And as far as fit/finish goes one can easily spend another $50K on it to bring it barely to level of basic rental apartment in US.