What can you buy for $40,000?

  • What can you buy for $40,000?

    This home in Canton, N.C., is nestled on the edge of the Great Smoky Mountains outside Asheville. While the home is old -- it was built in 1913 -- it has four bedrooms, nearly 2,000 square feet of space and hardwood floors, and it sits on an acre with mountain views. Two years ago, it was on sale for almost $80,000, but you can get it now for $39,900. But you might want to add another bathroom -- this house only has one.

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    Ilyce R. Glink is an award-winning, nationally-syndicated columnist, best-selling book author and founder of Best Money Moves, an employee benefit program that helps reduce financial stress. She also owns ThinkGlink.com, where readers can find real estate and personal finance resources.