WY: Buy a Whole Town for $100K

Buford, Wyoming for SaleIn the real estate world right now, it’s clearly a buyer’s market. Years of foreclosures and price drops have brought about a sharp rise in investment and vacation home sales, while the market also presents buyers with ample opportunities to pick among properties ranging from city homes under $10,000 to mansions owned by sports superstars, from castles to entire villages in France for under $500,000. If you’re so inclined, you can even buy a small town in the U.S., starting at just $100,000–with the added perk that you get to name the streets whatever you want.

This week, the entire town of Buford, Wyoming, is being auctioned off, with bids starting at $100K. Buford is located just off of I-80, in a windy, high-altitude section (8,000 feet elevation) about halfway between Laramie and Cheyenne.

USA Today reports that interest in the curious case of Buford has been heating up, with people from more than 70 different countries clicking on the real estate listing at Auction Network. The ad promotes Buford as a 10-acre “Income-Producing Town” that includes post office boxes, a Union Wireless cellular tower with a lease, and five buildings.

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Full Story from Time

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