You can buy houses in Bridgeport for not much more than that. I have seen lots go for $10k.

You can have them, I wouldn't take one of those properties if they tried to give it to me. I don't want to have to carry a gun to work, and always look for someone trying to rip me off.

High end RE always takes a beating, and anything over $1m is pretty dead right now. That property will probably come down a bit more, but not that much.

Right now the lower middle, IE low $300k range seems to be where you can still make some money.

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