Comments on: ★ New Monasticism and the Radical cheap: $1,000 homes – Jan. 8, 2009 http://www.patloughery.com/2009/01/15/new-monasticism-and-the-radical-cheap-1000-homes-jan-8-2009/?utm_source=rss&utm_medium=rss&utm_campaign=new-monasticism-and-the-radical-cheap-1000-homes-jan-8-2009 Pat Loughery's blog at the intersection of Christianity, culture and technology Wed, 23 May 2012 21:08:10 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: i'm cheap http://www.patloughery.com/2009/01/15/new-monasticism-and-the-radical-cheap-1000-homes-jan-8-2009/#comment-780 i'm cheap Sun, 05 Apr 2009 05:36:56 +0000 http://www.patloughery.com/?p=1697#comment-780 wow, 1000 dollars for a home? there must be some kind of catch. wow, 1000 dollars for a home? there must be some kind of catch.

]]> By: Chris Smith http://www.patloughery.com/2009/01/15/new-monasticism-and-the-radical-cheap-1000-homes-jan-8-2009/#comment-779 Chris Smith Sun, 18 Jan 2009 13:47:26 +0000 http://www.patloughery.com/?p=1697#comment-779 Our church has been taking advantage of this for almost 10 years. Even within Indianapolis, we are located in the ZIP code with the highest rate of abandoned housing. We've bought several houses for $1000 or less, and a bunch for not a whole lot more -- and most of this even before the housing bubble burst. We've provided affordable housing for everyone in our church who needed it, and now mostly are helping other neighbors to have affordable housing. Most recently we bought the house next to ours for $5000. It's small and in bad shape (e.g., holes in the exterior walls) but still not a bad price... And since people know that we "do housing," there have even been people who have given us houses. The best deals however don't come through the traditional real estate market, but through tax sales and real estate auctions. Chris Smith Our church has been taking advantage of this for almost 10 years. Even within Indianapolis, we are located in the ZIP code with the highest rate of abandoned housing. We've bought several houses for $1000 or less, and a bunch for not a whole lot more — and most of this even before the housing bubble burst. We've provided affordable housing for everyone in our church who needed it, and now mostly are helping other neighbors to have affordable housing.

Most recently we bought the house next to ours for $5000. It's small and in bad shape (e.g., holes in the exterior walls) but still not a bad price… And since people know that we "do housing," there have even been people who have given us houses. The best deals however don't come through the traditional real estate market, but through tax sales and real estate auctions.

Chris Smith

]]> By: Pat http://www.patloughery.com/2009/01/15/new-monasticism-and-the-radical-cheap-1000-homes-jan-8-2009/#comment-778 Pat Sat, 17 Jan 2009 14:31:00 +0000 http://www.patloughery.com/?p=1697#comment-778 Yeah, I'm in a similar spot. As it becomes more and more plausible to do software based work remotely, this becomes feasible. And geez, as cash strapped as I am, I bet I could find a way to come up with the cash to pay for a house outright at these prices, and then do the fixups. Yeah, I'm in a similar spot. As it becomes more and more plausible to do software based work remotely, this becomes feasible. And geez, as cash strapped as I am, I bet I could find a way to come up with the cash to pay for a house outright at these prices, and then do the fixups.

]]> By: Geektronica http://www.patloughery.com/2009/01/15/new-monasticism-and-the-radical-cheap-1000-homes-jan-8-2009/#comment-777 Geektronica Sat, 17 Jan 2009 12:27:12 +0000 http://www.patloughery.com/?p=1697#comment-777 Gotta admit, if I wasn't in grad school, this would be really tempting. Just the liberation of not having a mortgage, yet owning your (collective) home. Anyone heard what Tom Sine thinks of this? You could have a zillion Mustard Seed Houses for the price of one at prices like this. Eliacin? Gotta admit, if I wasn't in grad school, this would be really tempting. Just the liberation of not having a mortgage, yet owning your (collective) home.

Anyone heard what Tom Sine thinks of this? You could have a zillion Mustard Seed Houses for the price of one at prices like this.

Eliacin?

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