This has been done, but just want an update.
In Las Vegas:
You can still buy a brand new home for about 140,000 - small three bedroom, two bath, small lot. Prices have gone up a lot in the last three years. Average price now is more like 180,000.
A condo can be bought for less, but good ones cost about 80,000 to 100,000.
Apartments start low, but in a new complex, with pool and community room can run from 850 to 1300 per month.
There are, of course, condos for 2 million dollars, homes for 60 million and apartments that cost several thousand a month. I’m talking “normal” prices for “normal” folks.
What’s it like in your area?