this post was submitted on 20 Mar 2025
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I'm sure you could find a cheap condemned shit hole in your nearest rural area too. That doesn't mean that it's a good deal.
It's so cheap because the current owner doesn't want to spend the money on demolishing the structure before selling vacant land. And if it is still available it is because no developer has looked at it and thought that they could make money on the flip.
Also watched a video about a $4K unit in tokyo because you are literally not allowed to renovate it.
Do you remember the title of that video? Even if it's got concrete floors and walls you're not allowed to cut, I'm surprised if you can't improve it enough to sell for more than 4K.