Owning property is often very affordable if you're expectations aren't too high. This doesn't mean you have to live with broken faucets, pealing paint and cold water, or take life into your own hands walking to the bus stop (although you need to be alert everywhere).
More and more Americans are learning to live small. How much space do you actually use anyway? Why pay to heat space you never go into? When you figure out costs for things like and extra bedroom for guests or space to entertain, its often much more advantageous cost-wise to get a hotel room a couple times a year or rent a party space than it is to pay a mortgage on space you don't use.
Right now there's a 579 square foot one bedroom condo in Oak Lawn near Wycliff and Dickason for just $38,000. That's just $66 a square foot and about $233 a month plus HOA fee. That's likely to represent a substantial savings over renting.
Another condo at 4340 Cedar Springs Road is offered at $55,000. It's a little bigger at 714 square feet, which is actually on the large side for a one bedroom in Brooklyn or Manhattan. It's near Cedar Springs and Wycliff.
Closer to the top of our range, there's a unit at 3883 Turtle Creek Boulevard advertised for $99,000 with 783 square feet. This building is a high-rise and may have higher HOA fees, but its pretty remarkable that you can get into a Turtle Creek property for less than $100K.
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