BTW- Where we lived in Tennessee we had a pretty nice house for 80k. The REALLY nice homes in the prime, planned neighborhood were 200k. In the part of Tucson we live in this would buy a nice cozy home fitted with bars over every window and a good view of the real world(ie drugs, crime).
I didn't even know such places existed anymore.
Where I come from, a three bedroom, 1 1/2 house in Jamaica, Queens, aka THE GHETTO goes for $350-400k. The same house (one that is 40 years old, mind you), in a decent neighborhood costs at least $750K.
Here in Seattle, $300K will get you into a "starter" home 40 miles from the city.