henry said:
just under 60 grand for a three bedroomed house? flip, can't buy the garage for that here!
Yeah, that is cheap, BUT it's VERY small, and although it's apparently not in a "bad" residential area (and you have to come here to see just how incredibly bad the "bad" areas can be, in the richest country in the world), it's not a very trendy area. For some reason the Dallas/Ft Worth area seems to have escaped the worst excesses of the US mortgage crash, but the real kicker is probably that the house is probably already in foreclosure proceedings. One of the major banks just announced today that they were going to continue with plans to foreclose on over 100,000 residential properties in the next few weeks, despite a general moratorium on foreclosures.
Living in a country where houses are just expensive so you don't buy what you can't afford must have a lot to be said for it.
Ken