Comments on: How Much House Can $10,000 Buy?

By: Susan

Susan — Tue, 23 Jun 2009 10:40:07 +0000

The sad part is that most of us in Michigan can’t afford to snap up these amazing house deals for $10,000 or less because we just don’t have $10,000:-(

I have been looking at houses in this price range also as I am writing a financial literacy curriculum for teens. Springfield, Ohio seems hard hit too.

By: The Personal Finance Playbook

The Personal Finance Playbook — Thu, 18 Jun 2009 23:10:32 +0000

Jim – interestingly, that row house in Baltimore actually appears in Season 3 – Episode 1 of the Wire, just over 35 minutes in. I have it at 35:50.

I thought that was a pretty neat coincidence.

By: jim

jim — Wed, 17 Jun 2009 20:31:37 +0000

I’d have to wonder how safe the neighborhoods are.

By: Kristin @ klingtocash.com

Kristin @ klingtocash.com — Wed, 17 Jun 2009 18:18:28 +0000

In CT, $10,000 will buy you a quarter of a postage stamp of land. I did a reach on realtor.com and you could buy between .09 and .2 acres of land in land in Hartford, CT for that price. You’d have to pony-up $29,000 to get something with a house on it, but you’d probably just have to tear it down.

Property taxes on my home are almost $5,000 a year so $10,000 isn’t going to buy you much in Connecticut.

By: Rob O.

Rob O. — Tue, 16 Jun 2009 21:39:12 +0000

I’d love to know more about your method for these searches too! Say, if I’d like to see what $150-200k would currently buy in the Carlsbad/Oceanside areas north of San Diego…

By: nickel

nickel — Tue, 16 Jun 2009 19:36:15 +0000

Wow. Seriously?

By: mapgirl

mapgirl — Tue, 16 Jun 2009 19:01:17 +0000

It always surprises me that some Hopkins alum hasn’t bought up all those places in Remington and redone them like Charles Village. I would, but I spent all my money paying back my student loans and buying the place I have now! LOL

By: Kyle

Kyle — Tue, 16 Jun 2009 17:18:50 +0000

2 bedrooms, 1366 sq feet, $2,900.00!

Richmond, IN

By: Corporate Barbarian

Corporate Barbarian — Tue, 16 Jun 2009 16:16:41 +0000

Our annual property taxes are close to $10,000, so I don’t think you’ll find anything near that in my area. Foreclosures are rare, and even those are not much of a bargain.

By: Jeff

Jeff — Tue, 16 Jun 2009 14:52:42 +0000

My parking spot in Chicago cost $10K. Does that count? It is a smooth slab of concrete, has quiet neighbors (another car on one side and a wall on the other), and two cool yellow lines to keep me in place. It’s beautfiul!

By: Jim

Jim — Tue, 16 Jun 2009 14:46:39 +0000

Almost everyone home I listed was cheap for one reason – the structure was in shambles, either burned out or otherwise significantly damaged. I laughed at things like a listing that included hardwood floors as a perk, when the wood itself was destroyed. In the case of Detroit, if you read my comments, it wasn’t making fun of it at all.

By: Ralph Hogaboom

Ralph Hogaboom — Tue, 16 Jun 2009 13:59:57 +0000

Ha ha! Let’s laugh at places with different economic engines; if houses are cheap and in bad shape, it’s funny! Nothing quite like looking at other people’s lives, and the lower level of homes they might have to buy, and laughing at them because we have more money and we don’t have to settle. Yes, people that have less money than us deserve to be laughed at!

Asshole.

By: kijiky

kijiky — Tue, 16 Jun 2009 13:33:08 +0000

call the city or write me a PM and I will get ahold of you I am in Louisville also.

By: David in Sydney

David in Sydney — Tue, 16 Jun 2009 05:20:10 +0000

Hi William,

We lived in Tokyo for 5 years in the early 90s, in a large western style house in Naruse (Denentoshi line, western Tokyo – there are cows there!).

I thought it was impossible for gaijin to buy property in Japan – I guess you’re married to a Japanese woman? I’m curious, whereabouts is the apartment? $49,000 is very cheap for Tokyo. Congratulations on making a smart purchase.

By: Lazy Man and Money

Lazy Man and Money — Tue, 16 Jun 2009 04:48:14 +0000

Well a 1,600 square foot place in my neighborhood in Silicon Valley is about 1,000,000. So I’d say that 10,000 could buy about 16 sq. feet.

I imagine a cup would be your bathroom. Maybe a candle can be your stove and an ice cube your fridge.

Fortunately renting is a lot better than buying and the income opportunities are great as well.