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A 3 Bedroom Home In Detroit Is $500

Discuss culture, living, traveling, relocating, dating or anything related to North America. For those looking to relocate within the US or Canada, discuss your experiences and pros/cons of each domestic region.

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A 3 Bedroom Home In Detroit Is $500

Postby Taco » Wed Apr 25, 2012 6:39 pm

I thought this was intersting.

After a bargain? Own a three bedroom home in Detroit for JUST $500...as the city is revealed to have the cheapest housing in the U.S

Read more: http://www.dailymail.co.uk/news/article ... z1t4x9vgdO
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Postby xiongmao » Wed Apr 25, 2012 6:52 pm

Ha ha ha, try buying a house in Shanghai for that price! The world is turning itself on its head.
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Postby gsjackson » Wed Apr 25, 2012 7:34 pm

That $500 will buy you all the trouble in the world. I speak from painful experience. Don't put a nickel into Detroit.
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Postby Taco » Thu Apr 26, 2012 3:31 pm

The House is $500 but unfortunately you need a $50,000 security system just to protect it, 10 ft. electric fence, CCTV cameras, mine field in your lawn etc...
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Postby gsjackson » Thu Apr 26, 2012 5:13 pm

Taco wrote:The House is $500 but unfortunately you need a $50,000 security system just to protect it, 10 ft. electric fence, CCTV cameras, mine field in your lawn etc...


Yeah, just to keep it from becoming a crack house. Add in at least $300 a month for taxes, probably many thousands in necessary repairs, tenants who won't pay the rent and property managers who will steal it all if they do.
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Postby E_Irizarry » Thu Apr 26, 2012 5:48 pm

gsjackson wrote:
Taco wrote:The House is $500 but unfortunately you need a $50,000 security system just to protect it, 10 ft. electric fence, CCTV cameras, mine field in your lawn etc...


Yeah, just to keep it from becoming a crack house. Add in at least $300 a month for taxes, probably many thousands in necessary repairs, tenants who won't pay the rent and property managers who will steal it all if they do.


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