Yes, You Can Buy a Decent Home for $10,000 or Less

Teke Wiggin



(The house above, located in Garfield Heights, Ohio, is listed for just $9,900.)

Buy a house for less than it costs to buy a car? According to a recent report in Time's"Moneyland" column, this season has seen a spike in sub-$10,000 homes. In Baltimore, one in 10 homes sold during the first half of 2011 cost less than 10 grand. Ditto for foreclosure-plagued Detroit, where a search of our real estate listings turns up more than 1,000 hits on properties for $10,000 or less.