> Friend in Buffalo is buying a house for 120k, difference is extreme.
Buffalo is an extreme example, both nationally and inside Buffalo itself. The most expensive single family homes in the city are ~$1.5MM [0]. These are mansions built in the early 1900s right on a beautiful park. Alternatively, you can buy an almost condemned house in a bad neighborhood for ~$5,000 [1]. People actually live in those places.
Buffalo is an extreme example, both nationally and inside Buffalo itself. The most expensive single family homes in the city are ~$1.5MM [0]. These are mansions built in the early 1900s right on a beautiful park. Alternatively, you can buy an almost condemned house in a bad neighborhood for ~$5,000 [1]. People actually live in those places.
[0] http://www.zillow.com/homedetails/82-Meadow-Rd-Buffalo-NY-14...
[1] http://www.realtor.com/realestateandhomes-detail/647-Norfolk...
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