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I'm sure you could find a cheap condemned shit hole in your nearest rural area too. That doesn't mean that it's a good deal.
It's so cheap because the current owner doesn't want to spend the money on demolishing the structure before selling vacant land. And if it is still available it is because no developer has looked at it and thought that they could make money on the flip.
Tons of places like that in Michigan, Ohio, Pennsyltucky, and all over the Midwest US. My girlfriend was scrolling through them talking about selling her house and buying one of those places on a big plot of land and thank fucking Jeebus I talked her out of it. I was like "babe, have you never seen the cinematic masterpiece 'The Money Pit' with Tom Hanks?"
Two weeks...
My husband occasionally talks about the same things. There's no way of making real money out there, and there's no way I'm living in a small town/city ever again, unless a high six figures job somehow hinges on it.
Can confirm.
There's properties about 2 hours drive from where I am in Western Australia that are unsellable.
There would've been 100 people living in a community there in the past but now it's just a few old people waiting to die.
When someone does die the houses just end up being abandoned because you can't even get an agent to drive out there and put up a for sale sign.
That place is abandoned likely because the farmer who lived there died or went into a senior care facility. There are houses like this one all over the world in rural areas and I can guarantee two things: poor infrastructure and septic tanks. The reason it's cheap is because no developer wants an undeveloped lot.
The interesting part about a bunch of the homes in more rural Japan is that they're not actually condemned or shit holes. They're old and would definitely need some love and attention but their population hasn't been at replacement levels for a long time and people would rather live in a big city where they have access to all of the things so slowly and steadily the outer Fringe population areas in Japan have ben getting more and more empty leaving perfectly good houses to sit vacant for years. That's not to say that there aren't shit holes that aren't worth the time it takes to go see them but a large portion of them are actually quite nice.