I could get a McMansion here for that, too-in fact there is one for sale that is to die for, but it is in the aforementioned gated neighborhood, and there is no way I could even afford the mandatory HOA fees, never mind the house payment, even if I got a good price for my house...
How much? I need to get the heck out of here.
When my parents moved from Detroit, they refused to move to a subdivision because of association requirements. Smart people. I'd hate to deal with the internal politics in one of those.