New Lows

There are currently exactly 86 three or more bedroom homes for sale under $200,000 in Pinal and Maricopa counties. Before you decide you want to go house-hunting, please be prepared to live in Wickenberg, Witman, Gila Bend, Florence or Casa Grande. 

There were a couple in the Phoenix metro area. They either had tenants in place, were being sold as a "bundle" (that is, the owner was selling a few and whomever was buying would be expected to purchase all of them). Or, they were as we euphemistically say in in the biz, "handyman special."  

Lest you think I'm making this up. Here is the (abbreviated) description from a $180,000 listing in the Phoenix area: "Buyer backed out by playing games. This South Mountain area gem with 11 bedrooms. No front yard landscaping to maintain, plenty of parking available & the sky is the limit. You can move in & start figuring out how you can use the extra rooms to offset your mtg payment. Close to Phoenix Sky Harbor, I-10 & I-17, minutes to Downtown Phoenix" 

And here are the pictures of this "gem":