Who is going to pay the taxes and the cost of maintenance on these homes? Who will pay when the heating unit goes out or there is a plumbing leak? When you have people move into homes who are used to calling the landlord when a light bulb needs replacing, you usually find that within five years, the homes are a blight on the neighborhood.
The average home price in this area is well under 300k.
So you have some people working 2 and 3 jobs to be able to afford an average home, while others are basically gifted a home 30-40 percent over the average price.