And if you don't believe us, check out this infographic, which compares the price-per-square foot of U.S. real estate to that of more than two dozen cities around the globe. At just over $1,000 per square foot, property in New York is downright cheap compared with Paris, London and Oslo. And at $54 a square foot, Houston housing is a drop in the oil bucket next to digs in Dubai.
Is it any wonder that in some U.S. cities, foreign investors are credited with keeping the housing market afloat?
This 966-square-foot gable-roofed box offers two bedrooms and one bathroom. Also part of the deal is a "very functional kitchen," according to the description. It "really wouldn't take much to get this home move-in ready." View the listing -- which has 11 photos -- here.
The facade -- which includes a covered brick porch -- is presentable and the space, at 2,000 square feet, is generous. So how the heck does this home in South Bend, Ind., cost only 10 large? Well, the interior could use some work, as the listing photos show. But the other specs on this house still make it quite a deal.