Originally Posted By: IndyIan
Originally Posted By: Astro14
Originally Posted By: IndyIan
Can't you cherry pick a house on a nice street in a so-so neighborhood for $50-60k? Get one near a college and you could rent it yourself after you're done with it if you can't sell at a profit.
Seriously?
In what fantasy scenario can you buy a livable house for that price? You can't get the lot, much less the house, for that kind of money...
Spend a little time on Zillow...
I did, near D'youville college there's a few at 60 that would compare to a trailer home quite well IMO. I did some courses there and there are blocks that are very nice and some that aren't so good, but my car never got broken into so it can't be that bad. Good parks and some on the water nearby, seemed pretty good for a young couple IMHO.
If they are willing to investigate a trailer park, then I think a neighborhood like this is a pretty good option if they pick the right house.
Here's Grandma's house for 60k
https://www.zillow.com/homes/for_sale/Bu...753_rect/14_zm/
Well, that is for sale for $60K, and while small, and with some serious issues, I would have to say that it's liveable.
So, I stand corrected.
When I looked on Zillow, everything I saw was an order of magnitude more...
To the OP - mobile homes are a trap. Stay far, far away.
I'm not convinced this $60K house is a good investment - looks like the appreciation is pretty flat, but it's far better than a mobile home.