A 3 Bedroom Home In Detroit Is $500

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Taco
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A 3 Bedroom Home In Detroit Is $500

Post by Taco »

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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xiongmao
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Post by xiongmao »

Ha ha ha, try buying a house in Shanghai for that price! The world is turning itself on its head.
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Post by gsjackson »

That $500 will buy you all the trouble in the world. I speak from painful experience. Don't put a nickel into Detroit.
Taco
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Post by Taco »

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...
gsjackson
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Post by gsjackson »

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.
E_Irizarry
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Post by E_Irizarry »

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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