by Pretorian » Mon 15 Mar 2010, 14:33:48
$this->bbcode_second_pass_quote('Cabrone', '[')b]Detroit family homes sell for just $10
$this->bbcode_second_pass_quote('', 'T')he once thriving industrial city has suffered a dramatic decline following the global economic crisis.
According to Tim Prophit, a real estate agent, the crisis has led to a unprecedented portfolio of homes, but they are failing to sell.
He said there were homes on the market for $100 (£61), but an offer of just $10 (£6) would be likely to be accepted.
At $10 that's got to be a good deal to any urban agricultural movement just for the land?
LinkSaw a fascinating documentary on Detroit the other night - from the hey day of the car industry through to the race riots of 67, total economic collapse and future green plans (need to be able to watch programs on BBC iPlayer).
Requiem for DetroitIt's going to be interesting to see what happens there in the years to come.
how do you picture yourself a commercial production on 0.1-0.2 acre lots on contaminated soil in the midst of a black ghetto? The reason these houses are so cheap is because they are liability, not an asset or an investment. Some squatting Negro will fall on the stairs, break a toe or something and you'll be selling your manor in London to cover his medical expences and whatnot.