I have been to multiple sites and looked at houses for sale. Some of the houses were as cheap as 1600 for a 4 bd 2.5 bath home. There was another for 1000.
2007-08-16 04:11:45 · 4 answers · asked by ben h 1 in Business & Finance ➔ Renting & Real Estate
East Cleveland and other parts of Ohio were ground zero of the mortgage fraud rearing it's head across America. Cheap mortgages to people with no $$ and some outright loan fraud has created a wave of foreclosures with certain neighborhoods of Cleveland being hit very hard. To make matters worse, people have gone into vacant houses and stripped anything of value; woodwork, copper, aluminum siding; anything worthwhile gone so all that's left is the shell of a house surrounded by other vacant houses. It'll take years for some neighborhoods to recover, some may never recover. Cheap house if you want one, may require some work.
2007-08-16 05:15:49 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I have been to Cleveland many times and I sincerely doubt that anything that isn't an uninhabitable dump is that cheap.
2007-08-16 11:49:43 · answer #2 · answered by godged 7 · 0⤊ 0⤋
maybe due to foreclosures
2007-08-16 11:19:29 · answer #3 · answered by Michael M 7 · 0⤊ 0⤋
too many houses, high crime, minorites ect ect...
2007-08-16 12:03:10 · answer #4 · answered by Anonymous · 0⤊ 0⤋