Wednesday, March 4, 2009

Got $7500?

You can buy a house. If you want to live in Detroit that is. As quoted in a recent Chicago Tribune article, "The median price of a home sold in Detroit in December was $7,500, according to Realcomp, a listing service.Not $75,000. Remove a zero—it's seven thousand five hundred dollars, substantially less than the lowest-price car on the new-car market."

I turned to Craigslist to see what I could dig up. . .

You can buy this 3 bedroom bungalow for $59,900:

This 3 bedroom "starter home" for $27,000:

For $25,000 ($950 down and a mortgage of $350 a month) you can get this 2 bedroom with finished basement:

This "Investor Special" is on the market for $8,000:

For only $5,000 you can get this 5-bedroom 1 1/2 bath home:

Is this something we will ever see again? I hope not. . .

1 comment:

Corey said...

Being from the Detroit burbs, I'm curious to see what the city will be like in 20 years. Hopefully it finds a way to recreate itself.

Injuries Obtained

  • Sprained Toe/Foot: 1
  • Blood Blisters: 2
  • Splinters under fingernail: 1
  • Bird Shit on me: 1
  • Eye Injuries: 3
  • Burns: 0
  • Falls off ladder: 0 (this is because we don't have a ladder yet)
  • Headaches: too many to itemize
  • Broken Bones: 0
  • Bandages Needed: 5
  • Electric Shocks: 2
  • Stiches: 0
  • Bruises: way too many