Doors and Corners
I thought he was full of crap as well and did a quick google of "Where can I buy a house for 50k." What I found was several websites that list up to 10+ cities where you can do this. Some are not places I'd want to live (e.g., Akron, Ohio); others are (e.g., Wichita Falls, Texas), but they're there. Which surprised me as well.Good LORD!!! Where do you live???
There are several condos listed here in San Antonio for $70,000 which look fairly nice... if you're into condos.
Frankly, I think it's my own prejudices that kept me from noticing these things. I should be more open.
Also, I tend not to look at my own circumstances when these subjects come up because I know I'm an outlier. My income over my working life has increased 28.3x. But a few things contributed to that: Luck and Hard Work. I wouldn't have gotten this far without BOTH. Lots of people tend to have one or the other and they don't shoot up as much.
Which lead to my blindness on the fact that you can get homes for much less than I thought because, due to my income, I'd never dream of looking for something that price. Heck, I never set the search engine below 300k when I was looking for the home I'm in now. Probably should have. Kinda stuck up on my end. Bleh.