Amazing value properties in the US - what's the catch?

Bengaboy

Bengaboy

Bengaboy

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I was looking at getting a house near me, so I was on the right move app on the iphone, and was looking at starter houses such as terraced or semi detatched ranging from £80000-£120000 depending on state of the house and area.

I saw they also sell overseas properties and was amazed to see this...

http://www.rightmove.co.uk/overseas-property/property-39945584.html?showcase=true&premiumA=true

How is that house possible at that price? I would struggle to buy a 2 bed terraced house at that price, let alone a 4 bed, 4 bathroom villa with pool in Florida!

Too good to be true?
 
Moses said:
U WOT M8?

---

OP, you can get very cheap housing in places such as Detroit. However, you will get murdered.
Click to expand...

;)

But this one was in Florida - I would have thought this would have been a very sought out property. Evidently I am wrong by the price of these houses?
 
You have to remember that most large American settlements are nothing but suburbs and retail parks/strip malls, with no traditional town centre or community to speak of. These properties are cheap because no sane person would move there.
 
Apart from hurricanes and the like there shouldn't be any catch. House prices in the US are generally dirt cheap due to fairly open planning laws afaik.

Detroit is supposed to be a hole FYI.
 
Well unlike the UK there's more land and more houses get built but there's not much local work available in some places so for most so it's just unattainable. They have quite a few ghost towns as a result.
 
The catch is it's in florida.

th_bugsbunnyfloridas.gif
 
Better to go find a place in BC Canada! I lived there awhile back and you can get very nice houses on Victoria Island for £45k ... Weather in BC is very much like California, so very nice indeed. Downside is unemployment, but if you have something set up, then it's the way to go.
 
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