Originally Posted by GrayKittenLove
Admittedly I live in a fairly low cost of living area but even a small fixer up is out of the question right now.
I'm moving back home with my parents next June in order to save up a down payment for a house. Rent is redicious right now and there is no way I can continue to live on my own and still save for a house. I'm hoping in the next couple of years to be able to afford my small fixer up and once I move in I hope to live their for a long time. Then I don't view a house as an investment, I view it as a place to live...a home and quite frankly anything is better than renting at this point.
Depending on your tolerance for a drive, you can still pick up single family homes in my county for under $50K. I have a 35 minute drive to Overland Park each day. This is the price of a starter home of old - gotta love that there are still pockets of affordable homes in the country.