America's cheapest housing markets

[Jon Klaus]

Detroit and Pittsburg lead the cheapo list, but Tampa and Vegas are coming on strong (or weak).

10 cheapest: Detroit, Pittsburgh, Rochester, N.Y.; Memphis, Tenn.; Tampa, Fla.; Cleveland, Tenn.; Columbia, S.C.; Dallas; Las Vegas; and Providence, R.I.

http://realestate.msn.com/article.aspx?cp-documentid=21303908>1=35000

[Rich Weese]

I agree an investor can make money in any city. I've just never taken the "scorched earth" policy. To me, buying in some of those cities and dumping them on unsuspecting out of area investors, would make me queasy. It is too easy to do win-win deals in other areas on that list- like TX. Those will come back. Detroit, pittsburg and providence will always be holes. Tampa, dallas, vegas will ALWAYS have demand. Buyers can pay too much there and STILL come out ok over time imo. Not so sure about some of the others. Sunshine, business and recreation make my 3 can't miss opportunities. Buyers there will eventually be real happy. Rich in FL.