Dollar Homes Lack Buyers

QUOTE

Dollar Homes Lack Buyers
No bids in Barrington
By STEVE RHODES
Updated 1:55 PM CDT, Sat, Oct 31, 2009

AP The housing market is so bad you can't even give away homes these days.

Officials in suburban Barrington put three homes up for a sale at just a dollar a piece - a dollar! - and didn't get a single bidder.

A dollar!

Let's review: For less than the price of a CTA ride, a Starbuck's coffee, or the typical tip slipped under a stripper's G-string, you could have bought a home in Barrington.

Sure, buying a house means assuming the future costs of upkeep, but a dollar!

"Even if you're offering a house for a dollar, sometimes all those logistics can make it difficult, especially in this market," Lisa DiChiera of the Landmarks Preservation Council of Illinois told the Daily Herald.

Though the homes aren't officially designated landmarks, they are believed to have some historic value; that's why Barrington officials want to sell the homes - which are located in the suburb's downtown - rather than just demolish them to make way for development, which is the alternative.

Buyers would be required to relocate the homes, but still. All three could be had for less than the cost of a Subway footlong. And your purchase would last a lot longer.

Steve Rhodes is the proprietor of The Beachwood Reporter, a Chicago-centric news and culture review.

http://www.nbcchicago.com/news/local-beat/...s-67566177.html

Kaya, mate is this true...or some kind of a joke?

do you wanna buy all three together... greekturkish/Yes.gif

...for a future investment?...I am willing...

I can understand that. You'd have to pay me to live anywhere outside of Chicago in Illinois too.

QUOTE (yahudidevriyesi @ November 01, 2009 02:20 pm)

I can understand that. You'd have to pay me to live anywhere outside of Chicago in Illinois too.

still...we are talking about a buck here... greekturkish/bluebiggrin.gif

but I think this is the catch, unless you have some land to dock them...

QUOTE

Buyers would be required to relocate the homes, but still. All three could be had for less than the cost of a Subway footlong. And your purchase would last a lot longer.

The cost of buildinga home is far greater than $1 in anycase...

An old housemate of mine was engaged to an American girl and moved over there, he's in-law apparently got there house for free. I saw pictures of the house and couldn't believe it. They too dissembled it put on a truck and reassembled the building on their own property. I think it's common practice in rural areas.

QUOTE (boomerang @ November 01, 2009 03:12 am)

Kaya, mate is this true...or some kind of a joke?

do you wanna buy all three together... greekturkish/Yes.gif

...for a future investment?...I am willing...

it is cheaper than your back-bottom as big as too.

both are shit deals.

QUOTE (boomerang @ October 31, 2009 09:12 pm)

Kaya, mate is this true...or some kind of a joke?

do you wanna buy all three together... greekturkish/Yes.gif

...for a future investment?...I am willing...

Let me look into it. Get back to ya soon.

mate you don't have to check.

it is all bullshite.

i was house-hunting for ages.

you get what you pay for.

there are stellar investment opportunities but you still have to dig deep.

100k and up you'll find great homes.

sometimes 70k.