Psst, looking for a cheap place to live? Just how cheap can you buy a home for in some of America’s biggest cities?
Check out Countrywide’s [CFC 5.798 
0.018 (+0.31%) 
] website of homes they have for sale: http://www.countrywide.com/purchase/f_reo.asp
On that site, you can find homes as low as:
–$1 in Detroit (!)
–$950 in Cleveland
–$1,200 in Buffalo, N.Y.
–$1,900 in St. Louis
–$5,900 in Pittsburgh
–$7,900 in Dallas
–$9,900 in Chicago
–$9,900 in Jacksonville, Fla.
–$24,900 in Denver
–$28,900 in Worcester, Mass.
–$39,900 in Sacramento
–$53,900 in Las Vegas
{ 3 comments… read them below or add one }
Good deals perhaps for some. I, however, feel quite nauseous after seeing the house down the block on this list for nearly $100k less than I owe/paid 3 years ago. To put that $100k into perspective, that’s a decline of 42%!
Yeah, way to drive home prices down even more! Lame!!
Yeah, you can buy them for 1.00, but you are still going to be on the hook for the property taxes, upkeep, etc. Could turn into something that costs more than one ever thought it would.
Caveat: if it sounds too good to be true, it probably is…