Tuesday, December 13, 2011
How Much Lower Can Housing Prices Go?
I suspect that some of my readers out on the coasts could buy some of these houses with a year's worth of your cell phone bills and commuting costs to work. Like this 4 bedroom, 3 bath, 2070 sq. ft. home in Salmon, Idaho, for $59,000. That's not a down payment. That's the full price.
Or this $24,000, 3 bedroom, 1 bath, 809 sq. ft. house in Osburn, Idaho. (Yes, that's near the entrance to Yellowstone.)