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The small bungalow I lived in in Culver City, with the tired garage and stamp-size yard, recently sold for $1.3mil.

Far up the Maine coast it is possible to find a semi-habitable house on 5 acres near town for $70K. Maybe the wiring is pure 1948 plus bodges and the garden is full of trash, but it's livable and fixable.

Incomes in this area are also low.
 
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