You can buy a lot of houses through out the American Mid west and rust belt areas for under $5,000
Californians don't actually know how overvalued their properties are currently compared to the rest of America.
All through out Ohio you can find houses under $5,000 also in certain areas of Indiana, Buffalo NY and Chicago and Rockford Illinois but those areas have high crime rates. Lots also available in Memphis TN, and Detroit, MI and Cleveland Ohio also a lot of small towns through out the mid west and south you can buy a great house for under $3,000. If you had $100,000 invested in Chevron paying around 6% you would get $6,000 a year and if you budget wisely you can live a great life in a house purchased for under $5,000.