Some houses in Sacramento area now cost less than $25,000




2bd 1b: $18,000

It's now possible to buy a Sacramento home for less than the price of a Honda Accord.

At least two dozen homes in the Sacramento region sold during the last three months
for $25,000 or less, and more are coming onto the market almost daily – a record number
for this decade in such a short period of time.

For that price, you can get a home with a leaky roof. Or severe fire damage. There's a
strong chance someone squatted in the home, taking everything good – pray for deals
on copper piping – and leaving a lot of bad: trash and holes in the walls, if you're lucky...


http://www.sacbee.com/business/story/1810481.html