: ‘There’s so much housing stock in this country’: Cheap old houses offer a glimmer of hope to younger generations dreaming of owning a home

Can’t buy a house because it’s too expensive? How about a cheap old one?

As home prices stay high and rising mortgage rates shrink how much house buyers can afford, some have turned to the idea of buying cheaper, older fixer-uppers. The Instagram account Cheap Old Houses helps people indulge in this fantasy, posting listings for older homes that are relative steals at a time when the median monthly mortgage payment is nearly $3,000.



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