Let me tell you a story, when I was looking for my house we found a gorgeous 6 bed 4 ba all brick house with like 3500 sq feet for around 250k…it’s an insane price for that house.
I looked at it and found out there’s a section 8 unit next door. After asking around it ends up the place gets robbed every 2 months and the sellers are trying to give it away.
It ended up going for 175k.
That’s should have been close to a million dollar piece of property…now it’s a mom and pop tax firm.
Now look at home prices next to low cost areas…
Let me tell you a story, when I was looking for my house we found a gorgeous 6 bed 4 ba all brick house with like 3500 sq feet for around 250k…it’s an insane price for that house.
I looked at it and found out there’s a section 8 unit next door. After asking around it ends up the place gets robbed every 2 months and the sellers are trying to give it away.
It ended up going for 175k.
That’s should have been close to a million dollar piece of property…now it’s a mom and pop tax firm.