Well yeah, that was the point of my comment. You can find houses for $70K but they’re going to need a shitload of expensive work. For this particular house, it would have been on the $20K end, though. It was a very small house (2BR on one floor, about 650 sq. ft.) and I had priced the lumber for the joists and new decking at around $6K or $7K. The labor costs with a proper crew would have taken it well north of $10K for sure; I could have done all the work myself but probably not without permanently damaging my body. Fortunately it sold almost immediately - for $90K.
Well yeah, that was the point of my comment. You can find houses for $70K but they’re going to need a shitload of expensive work. For this particular house, it would have been on the $20K end, though. It was a very small house (2BR on one floor, about 650 sq. ft.) and I had priced the lumber for the joists and new decking at around $6K or $7K. The labor costs with a proper crew would have taken it well north of $10K for sure; I could have done all the work myself but probably not without permanently damaging my body. Fortunately it sold almost immediately - for $90K.
Ah I see. Yeah 70 grand for a house and living off the rest is not feasible.