Thursday, September 6, 2007

Credit card house

Is it possible to buy a house on your credit card? The answer is yes, so long as you go to North Dakota. This 2 bedroom wreck from Knox (ND) is on the market for just $4,500. That turns out to be a monthly mortgage payment of just $21 dollars per month.

This is definitely a house that I could feel comfortable living in. Does anyone know anything about Knox? For $21 a month it can't be that bad. So goin' out west, and don't you try and stop me!

Thanks to Greg for this one. The details can be found here. I know that this is supposed to be a blog dedicated to overvalued wrecks. However, I would be curious to see if there is a single family home for less than this one.

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