"D. Gerasimatos" wrote in message
...
In article ,
Auntie Em Auntie Em wrote:
On Sat, 17 Jul 2004 15:39:58 -0400, jetgraphics
wrote:

Steven M. Scharf wrote:

This is for a very ordinary, 41 year old, suburban tract home, less
than
2000 square feet, in Silicon Valley, not a mansion. The median price
in
my county is $599,000.

In outlying suburbs of Atlanta, GA, new homes (3 Br, 2 Ba, W/2 car
garage)
start at $95,000 - $105,000.

Cripes man! You should see what you can get for $35,000 in
Hopkinsville, Kentucky! Unbelieveable.


I am curious how things became so cheap. Obviously, it would cost more to
build a house than $35,000 and it would cost more than $100,000 in
California. The neighbor's just put a (ordinary cement) driveway in
for $8,500. How are builders able to make a profit on a $95K house?


I daresay that even in the low-cost south, they are likely entry-level
modulars, not 'real' houses, with garages tacked on the end. Only other
possible explanation would be if it was a subsidized targeted development
tacked on to a mass of higher-end houses to pretend they care about having a
diverse suburb. Some locales, and some federal financing programs, are
encouraging that sort of thing.

aem sends...