If you're anything like me, when you were growing up, your elders would often say: "You get what you pay for."
However, what they failed to tell me is that the proverb loses all significance when it comes to property.
Nowadays, it seems that a small home my grandparents bought for $500 and a jar of spiced pears is now worth over a million - and don't even get me started on renting in the big city.
And for proof that you really don't get what you pay for when it comes to property, just check out this realtor.com listing of a New York property.
Located in the affluent Fresh Meadows in Queens, the four-bedroom property may be surrounded by wealth and luxury, but on the inside, it looks like it doubles as a set for a horror movie.
The kitchen looks like it was operated by Sweeny Todd, the bathroom is reminiscent of that infamous scene in Psycho, and the living room legitimately looks like the Red Room from The Haunting of Hill House.
Speaking to the New York Post, one anonymous area resident said: "This is a beautiful neighborhood, and the house [is] terrible.
"I don’t know what happened in that house, why they kept it like that - or why the city didn’t do anything about it [...] I’m sure that, because of the price, nobody wants to buy that kind of house."
Currently being brokered by Douglas Elliman, agent W. Kenny Thongpanich told the Post: "[The owners] kept it unattended for obviously an extended period of time. It just lacked upkeep, to say the least."
But perhaps the one thing more heart-stopping than the property's interior is the asking price: $828,888!
Speaking to the Post, a real estate source attempting to explain the reasoning behind the hefty price tag. "You’re in a high-priced market [...] In comparison to other parts of Queens, it's significantly more expensive, but relative to the surrounding properties, it's not.
"There is a strong correlation with the quality of the local schools [...] that influences property values significantly."
But if you're after a (huge) renovation project, then this may be the perfect property for you. So why not check out the listing for yourself HERE.
I think I'll just stick to playing Monopoly until property prices plummet.