Cheapest home $1 USD in United States

      The global financial crisis has ravage the American economy. As a result, many owners of houses on credit, which can no longer pay the mortgage, must give up his home was confiscated by the bank.
The house is already sold and auctioned by the bank with the highest auction price of 1 U.S. dollar, or approximately USD 12,000. A house with two rooms of this condition is concerned, the ceiling is damaged, dirty carpet, installation of water and other heating damaged, as well as kitchen and bathroom to be fixed.

       However, even in a damaged condition, at a cost of 500 dollars to 1,000 U.S. dollars, two-bedroom house can be clean again, safe, and all installation work.
"Buyers are taking into account the cost of house repairs. At a cost of around 500-1000 U.S. dollars, this house can be clean and look new again, and the whole installation again functioning, "said the seller.

       Meanwhile, homes are more luxurious, which is also confiscated in the city of Detroit, New York and New England, the condition is the same. In fact, the price of houses like that three years ago 75,000 U.S. dollars, and now luxury homes are priced live 5000 U.S. dollars.

       "Well first, three years ago, house prices could reach 75 000 U.S. dollars (USD 900 million, exchange rate of Rp 12,000), but now, the average price fell, so below 5,000 U.S. dollars (USD 60 million)," said one of marketing the house.

       House Prices are falling because of bank foreclosure homes is steadily into bank charges. In economic conditions like this, bank charges for the cost of care becomes swollen. Therefore, banks should immediately take the decision to auction off the house.