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“Paying $1 for a house may seem too good to be true…”

Money.CNN.com has posted an article on dollar homes in Buffalo, and how the houses really aren’t $1 after owners dump upwards of 50K into them. Well, I would think that that would be fairly apparent since the point of purchasing a house for a dollar is to fix it up. Nothing new here.

“Paying $1 for a house may seem too good to be true — and, in many cases, it is.” – CNN

Apparently CNN has figured out that there must be a catch, and $1 houses aren’t “move in ready”. I’m not sure that anyone ever purported that significant investments were not necessary. Despite the initial misgivings, the article does a good job in spotlighting the type of person who is well suited for just such an undertaking.

Here’s the article.

 

Written by queenseyes

queenseyes

Newell Nussbaumer is 'queenseyes' - Eyes of the Queen City and Founder of Buffalo Rising. Co-founder Elmwood Avenue Festival of the Arts. Co-founder Powder Keg Festival that built the world's largest ice maze (Guinness Book of World Records). Instigator behind Emerald Beach at the Erie Basin Marina. Co-created Flurrious! winter festival. Co-creator of Rusty Chain Beer. Instigator behind Saturday Artisan Market (SAM) at Canalside, Buffalo Porchfest, and Paint vs. Paint. Founder of The Peddler retro and vintage market on Elmwood. Instigator behind Liberty Hound @ Canalside. Throws The Witches Ball at Statler City, the Hertel Alley Street Art Festival, and The Flutterby Festival.

Contact Newell Nussbaumer | Newell@BuffaloRising.com

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