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I’m currently investigating housing in Atlanta, Georgia. Some of what I’m finding is quite perplexing.

E.g. Take a look at this house: http://www.freeatlantaforeclosures.com/foreclosure-home/georgia-atlanta-30344-1407-1409-pine-ave/

At $6,200, it’s worse than firesale prices. But its right next to two schools. The building looks like its been broken into since it was foreclosed upon, but that doesn’t explain the incredibly low prices. Surely the land alone is worth more than $6,200!

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