That's right you heard correctly. The housing bust has made owning a home a lot more affordable -- but in some places, prices are extraordinary; you can buy a nice condo for less than the cost of a new family car.
Some cities have dozens of attractive condominium listings selling for $50,000 or $25,000. There are some selling for less than a new Toyota Corolla. And these are not derelict hovels in crime-ridden communities: These homes are often in move-in condition and located in nice neighborhoods.
Check out the rest of the story at : http://money.cnn.com/2010/08/02/real_estate/condos_less_than_cars/index.htm?hpt=T2
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