Skip to Content

New to the Mac? Check out TUAW's Mac 101

Sending Stockton our sympathies

More
Text SizeAAA

Filed under: Bargains, Real Estate

Poor Stockton California just can't get a break. The community of 300,000, located between Modesto and Sacramento, recently earned the dubious distinction of being home to the cheapest house on the market in California.

The cost? $25,000. (Although the house in the photo to the right is appropriately rustic, it is not the house in question.)

While we prefer to avoid superlatives, and have to believe that there is a mobile home lurking somewhere out in the bleakest corner of the Mojave Desert that must be listed for less, reports say that the 600-square-foot two-bedroom home was cited as "the least expensive single-family home in the seven-county area served by the Metrolist multiple listing service that doesn't involve a bank-owned or short sale transaction."

Them's fighting words. Especially piled on top of reports that called Stockton "Ground Zero" for the housing meltdown (although many communities may be in contention for that honor) and a recent Forbes' report which put it at the top of the "Most Miserable Cities" list.

Stockton led the country in foreclosures in 2007, with one out of every 30 homes posted for foreclosure. Ouch. In 2009, Forbes also called Stockton "America's fifth most dangerous city" because of its crime rate. Need more? Charles Manson family member, "Squeaky Fromme," called Stockton home for awhile. But then, even she moved on.

If real estate is all about location, location, location, is $25,000 too much to pay for a home in a town that some have referred to as "the armpit" of California? Ask an investor buying property in Detroit what they think.

Subscribe to Walletpop

Reader Comments (Page 1 of 1)

Add your comments

Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.

When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.

How to Wear a Scarf
Scarves are a great way to dress up an otherwise drab outfit and can be layered with everything from ...
The Health Benefits of Massage
Massages are a wonderful luxury and also one of the few traditionally "guilty pleasures" that aren't ...

Mortgage Basics

Andrea Chalupa
Andrea Chalupa Filed under: Extracurriculars, Wealth, Bankruptcy, Video

How to hustle like a Pawn Star: Watch new season on History Channel

On WalletPop's Big News Podcast, Jason Cochran and I chatted up Rick Harrison, owner of the Gold and Silver pawn shop in Las Vegas, Nevada and one of the stars of the History Channel's Pawn Stars. ...
Aaron Crowe
Aaron Crowe Filed under: Career, Recession

Advice for Obama job summit: Create a solar WPA

President Obama is having a job summit on Thursday, gathering 130 business leaders, mayors and others to help figure out how to get the 15.7 million unemployed people in America back to work. As ...
Bob Cesca
Bob Cesca Filed under: Banks, Borrowing

Senate bank bill could allow 'too big to fail' banks to grow even bigger

The chain grocery store where my wife and I shop has a bank in it. There's the frozen food section, the bakery section, the pharmacy and ... the bank. It's not even a particularly large grocery store, ...
Barbara Bartlein
Barbara Bartlein Filed under: Budgets, Saving Money, Tax

Is NASA still the best use of US tax dollars?

Despite cost overruns totaling nearly $1.1 billion in nine of its flagship projects, NASA will see its 2010 fiscal year budget increase to $18.7 billion. Combined with the $1 billion NASA got from the ...

Featured Partner

What is Your Home Worth?



Headlines from WalletPop Partners