I just bought the cheapest house that was bearable to live in. It was $40k cash.
this post was submitted on 24 Dec 2025
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It's very hard to find single-family dwellings that are small enough to be cheap enough...
Where is this 40K house? Does it need 100K in repairs?
I haven't seen 40k, but at least near me, if you're willing to live way out in the country there's still a few around the 60k to 70k range.
The tricky part is finding a house like that AND finding a job in the area. Remote work would be spotty if you are relying on satellite internet
Us Millennials sure do love destroying industries by non-participation such as... lemme check my notes here... housing. Pack it in, chaps, another job well done.
Can't imagine why
Special news report coming in: Water is indeed wet.
I'm a millennial homeowner and the only way I managed to do so was after getting a toehold in a cheaper market.
This is news! 15 years ago.
I have a suggestion.
TLDR: High density, owned housing, professional management, restrictions on owning other properties.
To avoid HOAs misusing funds, allow people to own, and build high density: build apartments for sale, to be managed by corporation. Corp is funded by reasonable fees set before construction as a percentage of value of property. Apartment owners can vote to fire incompetent managers, otherwise, managers are free to choose how to effectively run complex. Salary is fixed.
To encourage a builder to take on the project, we have 20-50 people sign up to buy apartments. They have to put down a refundable deposit of $100 to get on the list, and $5000 to the builder (applies to down payment) when building starts.
Deed restrictions, created before breaking ground, prohibit ownership of an apartment by:
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any corporation
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any individual that owns another home or is on a corp that owns rental properties (excludes REITs if shares owned is below 5% market cap)
I wish younger generations would take over trailer parks.
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