More Bay Area homes sell for less than $60,000: "Condos for $20,000? Single-family homes for under $60,000? What is this, Detroit?
It's the topsy-turvy world of Bay Area real estate. Despite studies showing prices slowly rising overall, homes at the low end appear to be playing a game of limbo, flaunting prices comparable to what you'd pay for a car."
I would have thought 20K would get you a hotel room for a month, but certainly not a condo. What a crazy market.