Where in the United States, with good jobs in relative abundance, can you can buy a "starter home" for $80K? Detached home, with a modest yard (front and back), at least two bedrooms, and not in the ghetto?
Our first home in south-central Texas was a detached single-family, 30 year old home, with a good sized backyard and frontyard, in a good and quiet neighborhood (but not a subdivision -- it was in the "old part" of town), tons of trees and little traffic, 1300 square feet, 4 bedrooms 2 baths, central air, even had some nice stuff like ceramic tile floor in the kitchen and bathrooms. A year after we sold it, they built the city's only, huge library about 6 blocks away.
We paid $82,900 for it, and sold it for the same amount (with a bunch of upgrades like new carpet, extra attic insulation) a few years later at the bottom of the housing market. No problem though, we also bought our current (larger) property at the bottom of the housing market :)
If it weren't for wanting to have land, needing more space for a big family, etc. we could have become VERY wealthy by staying there and socking away money. Even more money if we had sent our kids off to public schools. That's why when I criticize the Baby Boomer choices, I know exactly what I'm talking about.