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I heard that Michigan was offering 2,000$ per person whose houses had been illegally repossessed
by stevesim on Wed Feb 8th, 2012 at 04:35:36 PM EST
[ Parent ]
Whole zip codes in Detroit have average home values under $12,000. How is that for devastation?

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Feb 8th, 2012 at 04:54:32 PM EST
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wow.
by stevesim on Wed Feb 8th, 2012 at 05:01:19 PM EST
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$12,000 to a guy with a tin cup is a lot of bread.

In the end, might makes right. Nothing has changed since the caveman.
by THE Twank (yatta blah blah @ blah.com) on Thu Feb 9th, 2012 at 10:13:09 AM EST
[ Parent ]
Seriously? That seems quite impossible. My first real estate purchase was a small, three bedroom house in San Jose. I paid $32,500 for it and thought it was a bloody fortune. That was in 1973.
by sgr2 on Thu Feb 9th, 2012 at 03:14:54 PM EST
[ Parent ]
See Detroit real estate ads
$10,000 18645 Sussex St, Detroit MI
3 br  /  1 full, 1 partial ba   /  1,167 sqft  /  $9/sqft
Single-Family Home

$8,000 3288 W Grand St, Detroit MI
4 br  /  2 ba  /  2,000 sqft  /  $5/sqft
Multi-Family Home

$5,000 12085 Minock St, Detroit MI
2 br  /  1 ba  /  701 sqft  /  $14/sqft
Single-Family Home

$4,000 5324 Larchmont St, Detroit MI
3 br  /  1 ba  /  1,000 sqft  /  $4/sqft
Single-Family Home

by gk (g k quattro due due sette "at" gmail.com) on Thu Feb 9th, 2012 at 03:38:13 PM EST
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Thanks for posting the link so I could see for myself. Amazing. Truly amazing. And incredibly sad for the community and folks who previously purchased these properties.  
by sgr2 on Thu Feb 9th, 2012 at 04:21:25 PM EST
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Detroit was fucked by the late 60's riots, and then got an incredibly damaging and useless mayor. The city never recovered.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Thu Feb 9th, 2012 at 06:20:20 PM EST
[ Parent ]
check out the pics on google maps.

they look nice and cute and maintained.

so sad.

by stevesim on Thu Feb 9th, 2012 at 04:24:39 PM EST
[ Parent ]

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