A 3 Bedroom Home In Detroit Is $500

Taco · Post by **Taco** » April 25th, 2012, 11:39 am

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

xiongmao · Post by **xiongmao** » April 25th, 2012, 11:52 am

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

gsjackson · Post by **gsjackson** » April 25th, 2012, 12:34 pm

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

Taco · Post by **Taco** » April 26th, 2012, 8:31 am

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 · Post by **gsjackson** » April 26th, 2012, 10:13 am

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 · Post by **E_Irizarry** » April 26th, 2012, 10:48 am

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.

As Full Force said in the 80s, "WORD!"