Unless I want to go "underwater" I cannot go above what I'm comfortable paying - so a fixer upper is probably what I will buy. Also, its been my observation that when you pack people in subdivisions "on top of each other" you have breeding grounds for crime. I was hoping that builders would have figured that out by now. Guess I'll just wait...thanks for your comments
Builders want to maximize their profit so they put the homes closer together so they can get more homes in a subdivision. It saves on infrastructure costs like water and sewer lines too. For more space you have to get a little more rural like the upper or lower valley. For $50k you would be looking at a serious fixer upper or a mobile home.