Can a good, cheap house be built? asks Karrie Jacobs.
Can a good, cheap house be built? asks Karrie JacobsWhen I set out on a road trip to find the perfect $100,000 house in July 2003, the median American home price was $168,000. By July 2005, it had soared to $206,000. In late 2005 it had risen to $220,000. And those median prices sound like bargains. In New York City, the median is $750,000, and the average selling price broke a million dollars in 2004 and kept heading upward. When I tell people at cocktail parties that I'm searching America for the perfect $100,000 house, they generally think that I've left a zero off. But then, when they're done making fun of me, they ask with undisguised longing, "Well, did you find it? Where is it?"The answer is yes; I found several. But this trip wasn't a reality TV show, with a winner rewarded in a stagey ceremony in which I hand out long-stemmed roses. Rather, it was my attempt to answer a question: Why is it that the typical American house can be cheap or it can be good but it can almost never be both?
|When I tell people that I'm searching America for the perfect $100,000 house, they generally think that I've left a zero off.|