<prompt> Human: Having a conundrum about this. We currently rent in a very hot neighborhood and now that were looking to buy theres not much in our price range thats been built within the past 20 years. Great access to highways, walkability, good restaurantsbars and a great school district have been driving up home prices pretty steadily here.We could pay the same or less and buy new construction in the next town over but its more of a typical suburb than our current town. Have to drive to everything and only like 2 or 3 bars or restaurants in the downtown area. School district is pretty equivalent, also good but for the record we dont plan to have kids.What do you think?Assistant: Buy the crappiest house in the nicest neighborhood.Human: Sounds flippant but this is a good strategy: the increasing desirability of the neighborhood will draw the crappy houses price up.Assistant: At what point is a bunch of renovationsmaintenance on a crappy house not worth it though?  <response>: You dont want to buy a house with bad bones, unless at a great discount. Foundation issues, mold issues, main-line plumbing issues, problems with essential framing, knob-and-tube electric, etc. These are things that will be uncovered with a good home inspector. 