Be my neighbor and buy a house for as little as $15,000

[funboy6942]

Originally posted by: puppyfriend
86K? That's almost enough to buy a parking spot in San Francisco. Well at least a down payment.

Question for OP. Is there any sort of rental market in Dyer? If I bought one of these houses, could I say rent it out for $300-$400 a month?

Originally posted by: Speckledpig
Lots of folks don't understand the low cost of living & high quality of life that can be had in the South; I live about 20 minutes north of Mobile, Alabama (on the gulf coast). I live in a 3br/2ba 1430sqft house with detached 2 car garage + shop that we paid $86k for. Mobile has pretty much everything you could ask for as far as stores go. Life is good here in Dixie.

Weill considering you can see what homes are going for I would have to say no. This is more a come here to lesson your bills or buy a home outright for little money. My MIL hass been renting a huge 2 story home and only pays around $300. I been trying to tell her to buy a house and do a reverse morgage with the government since she is of that age to do so but she is stubborn and refuses to listen and then bitches she doesnt have much money left over

Now granted you can pick up a good size home with a morgage of under $200 and rent for $300-$400 so that would be up to you if you would make enough to even bother with the renters bull sh1t.

 

[funboy6942]

Originally posted by: mrrman
thought this was one of those Tom Vu seminars lol remember that dude with all chicks,$$$,cars......"you to can be like me"

No this was a thread to hopfully show people who are down and out like we were that there is a way to come out of the hole. Yes I may have gone over the top a few times but I want other people to see the hot deals down here that can save thier ass as it did ours.

 

[Huntress]

Jason,

I am very very happy things have turned around for you.

You know I care about you and your family, however I must say what you have found is more suited to a disability / retirement / fixed income situation than a start for a life that will take someone starting out through a prosperous life leading to a solid retirement. In the monthly budget you've outlined, your house is paid for. For most folks starting out, they will have to take on a mortgage, which will add to the budget at least by half. I am not comfortable with the idea that one can get the kind of job in that area that will make them prosperous and satisfied through a lifetime building equity and retirement savings, in fact it looks like the potential for loosing equity exists.

All that said, this is a perfect situation for you Jason and I for one am extremely happy you have found it.

Diana

 

[Rapier]

Originally posted by: funboy42

Originally posted by: mrrman
thought this was one of those Tom Vu seminars lol remember that dude with all chicks,$$$,cars......"you to can be like me"

No this was a thread to hopfully show people who are down and out like we were that there is a way to come out of the hole. Yes I may have gone over the top a few times but I want other people to see the hot deals down here that can save thier ass as it did ours.

Good for you funboy. Don't let the thread crappers bother you. Let them stay in CA and such. We don't need them messing up our little slice of heaven.

BTW: I live in Murray KY (about an hour north of you).

 

[Fingolfin269]

I live in the Nashville area and will probably never leave. Everyone is generally nice to one another which is something I just can't say for a lot of the places I've visited.

 

[probzy]

How big it is?

 

[Scarpozzi]

Originally posted by: jhansen
Well, I thought I'd get all smart and find hate crime statistics to try and support/refute what has been said here. I did just that...


First, I headed to the Uniform Crime Reports site:
http://www.fbi.gov/ucr/ucr.htm

Then to 2004 Hate Crime Statistics:
http://www.fbi.gov/ucr/hc2004/openpage.htm

Then finally to the report broken down by state:
http://www.fbi.gov/ucr/hc2004/hctable12.htm

Statistics are further broken down by type of crime here:
http://www.fbi.gov/ucr/hc2004/hctable13main.htm

I took the basic state hate crime stats and divided the state population by that number to try and get a better idea of how each states' statistics stacked up...

The excel data won't properly format here, so I'll just paste the basic number. What I find incredibly remarkable was that only 2 hate crimes were reported in Miss., and just 3 in Alabama. Obviously much more than that is occuring, but simply going unreported. Maybe someone has investigated this much more thoroughly in the past, I'm certain it must raise red flags.

In this list, a high number would be good (i.e. - only 1 hate crime for every ~150,000 residents in Wisconsin). Some states ranking poorly could certainly be anomalies related to their considerably low population (see: Vermont, Alaska) Anyway...here ya go...in the end, this probably doesn't make things any clearer! Sorry. Way to go New Jersey.

Location 1 Crime for every?
District of Columbia 11,296
New Jersey 11,312
Michigan 16,179
Montana 16,551
Massachusetts 16,870
Arkansas 17,556
Maine 19,371
New Hampshire 19,499
Minnesota 21,269
Vermont 21,526
Maryland 22,686
Oregon 23,174
Nebraska 24,090
Virginia 24,103
Arizona 24,797
Delaware 25,163
Ohio 25,473
California 25,767
Illinois 27,211
Nevada 28,824
Connecticut 30,203
Alaska 30,413
Utah 31,200
Total 33,232 (Total population/hate crimes)
Washington 35,450
Rhode Island 37,263
Idaho 37,625
South Carolina 39,962
Kansas 43,053
Tennessee 43,389
Indiana 47,891
New York 49,739
Missouri 49,781
Kentucky 52,244
Georgia 54,361
New Mexico 55,822
West Virginia 58,560
Florida 63,326
Oklahoma 69,089
North Dakota 70,009
Texas 72,706
Colorado 75,317
Wyoming 87,262
Pennsylvania 108,629
South Dakota 109,394
North Carolina 121,624
Iowa 126,332
Wisconsin 148,893
Louisiana 159,049
Alabama 175,756
Mississippi 506,456

Hate crimes are ESPECIALLY bad out west in Arizona and New Mexico.... The problem is that the large open spaces have little law enforcement and things are hardly ever reported there. Many hate groups form out here because of this lack of enforcement, but it's ok though...because it's in the desert, it's a dry hate.

 

[Treyshadow]

I have been directly considering a move from the Houston, TX area to somewhere like your territory. I am a consultant, so my location does not matter. I travel to my current job complete the project and then head home. I technically can do my job from anywhere in the US (within range of a decent air port).

I was contemplating moving outside of Nashville, or to Huntsville, AL (friends and family there), or to North Carolina. Really my wife and I are ready for a change of scenery. THis is a very interesting option to me. I could sell my $250K house here in Sugarland, and my college house in Austin and move with a nice little nest egg that could make a decent amount of interest in a CD ladder and an ING money market account.

Thanks for bringing this option up.

I truly appreciate it, and IMO this is a pretty hot deal.

 

[Trey22]

I have family in TN... and would move out there if it wasn't for my job. Not that I couldn't get a similar job out there, but I'm kinda a lifer where I'm at.

But, I do live in the Bay Area, and pay $1550 rent, and w/ current housing costs would have to sell my soul to get into a "decent" house.

 

[Savarak]

i'd consider cheap housing in TN if theres a population of available single asian women =p but there isn't and so i won't and can't...

 

[imthebadguy]

hahah but its in bumfvck nowwhere

 

[LtPage1]

...wow. I'm living in the wrong state.

 

[Muskeeter]

funboy42-
I can tell that our paths came close to crossing earlier in life. When you first mentioned Dyer I thought you meant Indiana, but then realized it was TN. I was born in Hammond, IN (St. Marg.) and spent my childhood in the SE corner of Chicago known as Hegewisch. My mother's home sold for something like $90,000 in late 2001 and had a backyard, 2 car garage, 3 bedrooms, full basement, etc. but only 1 bath. I thought that was cheap for easy access to a lively downtown only 30 minutes by South Shore train or car via the Dan Ryan.
I moved away lo-o-o-o-ng ago, but it was cheap by all standards in that area. I also found out that the zip there (60633) had the highest average age in the entire state, meaning all the kids were moving away and only the seniors were left.
I wish you well in your new locale.

 

[kmmatney]

Wow - those are some amazingly cheap houses. I saw one for $20K with 2.2 acres!

I grew up in SoCal, went to UCLA, and used to think that California was the best place on earth. My job moved me out to Denver, Colorado 10 years ago, and I've been there ever since. It really opened my eyes to live somewhere else, and see that life can be awesome outside of SoCal. I've done well, and can afford to move back to California (in a smaller house), but would probably need my wife to work full time, and would give up a great (and I mean great) Colorado lifestyle. No thanks. As a comparison, though, my house was $400K, and is 4500 square feet. When I have looked up jobs in California,
they do not pay any better, at least for my profession (X-ray Scientist, Scientific Programmer (Semiconductor Industry).

 

[ericlp]

Originally posted by: funboy42

And for bill output here is a break down:
Home-$0 its paid for
Cars-$0 they are paid for
Utilities_$300 in winter $200 in summer
Food-$300. There is a store like Aldis here and a superwalmart
Sat-$80
Phone_$20
Insurance-$50
Internet-$35
Total output per month-$985 on the high side for a family of 4 in this huge house

Sounds nice.

What about property taxes?

What about car maint? Car insurance?

Owning a house is expensive got to take some money out for painting and upkeep... Gas for the mower... ChainSaw, Weedeater...Etc...etc...

What about medical bills? And health insurance?

How about a clothing allowance?

Biggest bill I see you have is besides food and power/water util bills is Sat TV bill...

Hmmm, I guess getting a paycheck from a dissability would be nice since you wouldn't have to work at wall mart or drive 40 minutes each way to work... 1.5 hours round trip not to mention fuel cost and car cost. Better get a honda I guess.

I'd think twice about moving to a town like this. Unless you like working at gas stations and wall marts. I doubt I would fit in very well, and you would see a lot of very odd stuff if you didn't just have a paycheck comming in and had to go out and do a 40hour week job.

I looked at a small town like this and could not swallow the mental change.

 

[BATCH71]

Quote: "OH and taxes. I pay $600 a year for my house and land here in dyer"


I pay $600 a month for taxes here and my house is a modest 4 bedroom also.


Sometimes I just don't understand the offset in prices. Is there absolutley nothing to do in your town or what???

Dave

 

[Chunkee]

Originally posted by: steaming79
i'll admit...those ARE cheap. especially since i'm a bay area native. but isn't TN like racist country?....

UH no.

I live in TN

jC

 

[Chunkee]

those are all in Mucho West TN. I live in E. TN. Though the price is low, understand the area in which it will be located.

JC

 

[solleyman]

Originally posted by: Rapier


BTW: I live in Murray KY (about an hour north of you).

Go Racers! Went up to Nashville this weekend to watch them earn their way to the big dance.

 

[Rapier]

Originally posted by: solleyman

Originally posted by: Rapier


BTW: I live in Murray KY (about an hour north of you).

Go Racers! Went up to Nashville this weekend to watch them earn their way to the big dance.

PM

 

[rancherlee]

Whre are you in Minnesota? I just got 10 acres of land with City water/sewer/cable TV and a NEW 3100sq-ft house for 120,000$ In Northern Minnesota.

 

[Cattlegod]

dude, i'd buy one just for a winter house. that is crazy!

 

[Chunkee]

LOCATION LOCATION LOCATION!!!

 

[Finality]

How much rent can you get from renting a place like that? By my calcultions anything more than $300 a month = win win for anyone who buys it. Your looking at a roughly 10% anual return and coupled with capital gains + rent increase = hard to beat for housing.

 

[benDalton]

Wow... I can't imagine paying that little for a home... and I'm in indiana.. craziness.