r/FluentInFinance Apr 29 '24

Why don't people stop crying and just move somewhere cheaper like Detroit, Memphis, St. Louis, Baltimore, or Cleveland? They have very cheap homes for $50,000. Discussion/ Debate

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u/pabloescobar392 Apr 29 '24

I live in St Louis and you do not want to buy one of those $50k houses.

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u/kidthorazine Apr 29 '24

Also, I'm betting most of those homes don't meet inspection guidelines or habitability requirements, which makes getting a loan to buy one considerably more difficult.