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this post was submitted on 06 Oct 2023
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In the rural parts of the USA they are all over the place. Here is a 5-bedroom house for $95k in Illinois: https://www.zillow.com/homedetails/417-W-Illinois-St-Steeleville-IL-62288/119741473_zpid/
My guy that is a 1900 built House. That is an immediate teardown on purchase.
What? Just because a house is old, doesn’t mean it isn’t still habitable. If a house that old is still standing and in good condition chances are it’s built better than new builds. And by the pictures, previous owners have taken a lot of care in it and upgraded it. Sure, the cosmetics may need to change depending on your preferences, but there is nothing wrong with that house structurally.
I really like how confidently you are wrong.
Did you look at it? That is not a tear down.
My first house was a 3 bedroom, 2 bath in rural Texas for 5k more than that. That was 14 years ago. I just looked it up and it's currently $130k. It was built in the 90s, is brick, and still looks pretty good.
So… your solution is to buy a house hundreds of miles away from their job?
Nope, I simply answered their question: "In the US, the average home price sold was $495k. Where can you find a $100k house that doesn’t need a tear down or complete renovation?"