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We went through this house today. It's a couple of blocks from Boe's school; we can see the roof of the school building from one of the back bedrooms. It's also in an "urban renewal" zone, which tends to be code for "crime tends to be high", but in looking at the statistics, this little area is a growing oasis of lower crime rates than elsewhere in the zip code. There are crazy amounts of tax exemptions and credits one can claim as well as some of the lowest housing costs in the city.
Let's face it: Is it possible to have brand-new stick built construction anywhere else in the entire flipping United States for less than $90,000? Yeah, didn't think so. Besides, it is just the architecture that Boe and I really like and he fell in love with the place as soon as he walked in the door.
This house (and its companion house at 2412 Gay St.) have sat empty for the past 4 years; they were originally closer to $130,000 but then the housing market went to crap and basically everyone lost interest in buying real estate. So the nonprofit group that owns these properties is making down payment assistance available as well as very favorable lending terms through a partnership with the Urban League.
So we've applied to be considered for the house at 2416 Gay. We'll see if they approve us; the worst they can say is "no".
Let's face it: Is it possible to have brand-new stick built construction anywhere else in the entire flipping United States for less than $90,000? Yeah, didn't think so. Besides, it is just the architecture that Boe and I really like and he fell in love with the place as soon as he walked in the door.
This house (and its companion house at 2412 Gay St.) have sat empty for the past 4 years; they were originally closer to $130,000 but then the housing market went to crap and basically everyone lost interest in buying real estate. So the nonprofit group that owns these properties is making down payment assistance available as well as very favorable lending terms through a partnership with the Urban League.
So we've applied to be considered for the house at 2416 Gay. We'll see if they approve us; the worst they can say is "no".
