Wake me up if the listing price gets to $200K, and I might put an offer in at $187K.
If someone else wants to buy it before then, just let me sleep. No need to fight with anyone over it. They can have it.
In the late 80’s there were plenty of local properties that were available for a similar multiple. It was no big deal, and being a landlord was not as popular as it is today.
Getting financing was the issue, not the house price.
It needs to get back to that reality.