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Comment by blazespin | Hacker News Reader

OP neglects to mention if there were any back taxes or water liens owed. Or if the house had been condemned. All I could find was one lot (not house) under 8K.

http://www.zillow.com/homes/for_sale/Jamestown-NY/pmf,pf_pt/...

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The point is that the house isn't worth even the back taxes on it. That is hard to imagine from a west coast perspective. Even after the bust in 2009, I don't think it got that extreme in too many places.

Not sure if it was 2009, unless the effects in that region were felt only years later.

I was having a look at another cheap house from around the area. Just check out the graph: http://www.zillow.com/homedetails/23-Barrett-Ave-Jamestown-N...

Fair point! However, if it was a foreclosure it could have been sold at 4K + buyer pays owed taxes / liens.

I'll agree though - the main thrust that Jamestown, NY RE is surprisingly low compared to elsewhere is an interesting one.

Would it make sense for cities to forgive the back taxes and liens to encourage new growth, or have they borrowed against the money owed to the point that forgiving it would bankrupt the city?

http://www.zillow.com/homedetails/35-Barrows-St-Jamestown-NY...

Sold on 8/16/11: $3,955

There are multiple houses that were sold below $4K there.

You probably forgot to turn on "recently sold" filter on Zillow.

http://www.zillow.com/homes/for_sale/Jamestown-NY/pmf,pf_pt/...

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