Houses under $300,000? Yes.

I showed several homes yesterday in northwest Pasadena -- under $300,000! Yes, they were fixers (ranging from light to not-so-light). They were all under 1100 square feet. All but one were on regularly-sized lots, and yes, they all had roofs, floors, doors and windows, were in regular residential neighborhoods, and none were on busy streets. Yes, most were short sales or REOs. But I was surprised at how many real bargains are out there, and I think there will be more bargains like this to come.