Our house in Atlanta (Buford) goes for around $340k ... 3300SF (5000+ with daylight basement which could be finished easily), 5 bedrooms, 3.5 bathrooms built in 2005 and a ton of houses in the community just like it, all for sale.
Only downsides are, is that they were built for speed and convenience. They are considered "luxury" homes in the area, but they aren't the best quality and almost every house is identical inside and out. Same plain walls, tan carpet and floorplans. The paint jobs were rushed and after only being up for 2 years, I can see many things going wrong with it in the next 10 years. They look really nice and big... but they could be better.
We plan on building a house one day in the near future. I want things done right, not for "right now." like these cookie cutter houses. As a rental though, it's awesome. Except knowing that we pay for the owner's mortgage, twice over.
