It looks as if the Los Angeles housing market may be softening when a house can be purchased for less than $200,000. This may be the case, but your house would be a step down from a dwelling in a third world shantytown. It may lack plumbing, have no yard, be in a broke-down neighborhood, be structurally unsound, or be the size of a closet, but this is a real rip off bargain! Yes, this “studio home” (realtor speak for “cinderblock p.o.s.”) near Elysian Park can be yours for more than the what the average American home costs. At a sprawling 299 square feet, you would have space for a bed!
· Single Family Detached Home – Fixer Upper [Craigslist]
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Real Estate "Bargains" #003
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