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someguynamedqtoday at 5:28 PM4 repliesview on HN

123,000 is still very cheap


Replies

advisedwangtoday at 5:48 PM

Did you look at the $3000 house? https://govauctions.app/auction/hud-home-420-e-dayton-st-fli...

It needs to be torn down and rebuilt. It's not a large plot. It doesn't seem to be in an attractive location. For all we know the water is undrinkable. I suspect its true value is negative.

furyofantarestoday at 5:33 PM

Sure, maybe - but just because 123,000 is cheap doesn't mean it's OK to make your headline "You can buy a house from the government for $3,000" if the reality is that it's 40x as expensive and you don't actually get a house, you get a demolition project you have to complete in order to use the land.

cliglottoday at 6:02 PM

Yes and for that I can get something much nicer in a non derelict area. Probably a much better plot too if I go rural.

beng-nltoday at 5:34 PM

Not if the thing is actually worth $3000