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This. But where do you live in where you can find undeveloped land or dilapidated, former hoarder nests for less than 150k?
More than double that in my country.
Middle of nowhere Nebraska. It’s not a good option, but it exists
https://www.redfin.com/NE/Nebraska-City/1110-4th-Ave-68410/home/90952016
And there’s a 1/1 in the same city for $95k
The main drawback is that you have to live in Nebraska
There’s a lot of ~65k houses in Indiana, as well.
I live in a low cost area and that’s about the only place I could move to come out ahead if I sell. Because houses there cost what I paid in 2013 for roughly equivalent places.. but they don’t get much weather, and I’d rather ride out the climate catastrophe in a water rich region than a wanna-be desert..
Yeah I was thinking southern Illinois or rural New Mexico would have cheap houses too, but looked in Nebraska for no reason
Wow, that's pretty amazing!!