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Friday, April 13, 2012

Bits Bucket for April 10, 2012

Homes for the price of a car

By Erika Riggs, Zillow
April 2, 2012

A house for the price of an SUV? That’s plausible, given the dip in housing. But a home for the price of a Ford Fiesta?

Whoa. Now there’s a value-bending proposition.

While most people don’t think of real estate in prices relative to that of a car, there are houses in some parts of the United States that are for sale with listing prices just like what you’d see at an auto dealership.

And we’re not talking about a house priced at the median home value of $150,000, which is akin to the sticker price of an Aston Martin. The homes featured below compare more favorably to standard highway fare: Nissans, Hondas, Fords, etc.

Some of these properties are distressed sales — either foreclosed or in the midst of a short sale — and some need a little renovation, but that’s still a pretty impressive given that they’re all comparable to the price of a new car.

1620 W 2nd N, Wichita, KS
For sale: $54,900

1404 22nd St, Two Rivers, WI
For sale: $29,900

15851 Rutherford St., Detroit, MI
For sale: $12,900

210 Melrose Circle, North Little Rock, AR
For sale: $30,000

969 Tunstall St, Memphis, TN
For sale: $24,000

121 comments

Thomas Fry · RETS
GO AHEAD buy that home in DETROIT for 12,900….then spend another 12,900..for the alarm system and assault rifles your going to need to get in it.
Reply · 52 · Like· April 3 at 9:51am

Naisha Feliciano-Brown
only ninja’s need apply
Reply · 14 · Like· April 3 at 10:03am

Bhaktavar Thakur
Also along with the Home Loan the buyer should make all final arrangements with a Funeral Home ! Actually 12,900 should buy 3 blocks in that crime infested dump.
Reply · 12 · Like· April 3 at 12:14pm

Jack Gaither
Goes to show how over-priced cars are.
Reply · 21 · Like· April 3 at 10:38am

Bhaktavar Thakur
But shouldn’t the homes in Detroit be free? Who would want to go and live in that dump?
Reply · 13 · Like· April 3 at 9:40am

Frederick Baum · Lake Worth Community High School
How much is that in dime bags?
Reply · 14 · Like· April 3 at 11:59am

http://realestate.yahoo.com/promo/homes-for-the-price-of-a-car.html - 56k -


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