Tuesday, November 27, 2007

Buy Houses in Detroit For $250, Monthly Pmt = $1

You can go to Realtor.com and search for homes for sale in any city in the U.S., and you can specify a certain price range. If you search for Detroit homes for sale between $0 and $1,000, you'll find that there are 74 homes for sale in that price range, including the bank owned bargain above for $250, with estimated monthly payments of $1. There are 4 homes for sale for $1. If you search for Detroit houses for less than $5,000, you'll have almost 1,000 homes to choose from!

See previous post on Detroit houses here.

25 Comments:

At 11/28/2007 12:19 PM, Anonymous Anne A. said...

The best thing to happen to Detroit would be if some generous soul were to buy these sorry hovels and bulldoze them. Eventually there would be enough land to string together a beautiful, sinnuous park through the worst part of the city, and what kind of housing gets built across from parks? (hint: NYC).

 
At 12/04/2007 10:00 AM, Blogger Speek of the Week said...

RE: (hint: NYC).
You mean Harlem? I'm not sure how that would be much different than now...

 
At 12/04/2007 10:10 AM, Anonymous Anonymous said...

Have you even been to Harlem in the last 10 Years? Especially near Central Park?

 
At 12/04/2007 10:57 AM, Anonymous matelot said...

so what's the life expectancy there ? like 4 weeks ? LOL

 
At 12/04/2007 11:34 AM, Blogger Nick said...

I would love to buy these, I really would. Like a previous poster said, you could bulldoze them and make a park. Inner city neighborhoods have turned around before, and it could happen in Detroit. The only problem is that these places most likely have a big stack of property taxes waiting for the next owner, and god knows what kind of liens there are on these places. In the end, it would end up costing a lot more than $250, which is the only reason these aren't bought very quickly.

 
At 12/04/2007 11:51 AM, Anonymous AllPowerToThePeople! said...

"Inner City" people don't need parks!
They need homes!
You as well say "Well, let them eat cake!"
Talk about Bourgeoise!!
Damn you people are out of touch!

If I had the money I would buy these homes for starving and homeless families! Not a ******in' park!

 
At 12/04/2007 11:53 AM, Blogger Richeh said...

god knows what kind of liens there are on these places

Lions? Jesus, rough neighbourhood.

 
At 12/04/2007 12:40 PM, Blogger Beno Flores said...

NYC? Even NYC has one crucial thing Detroit does not: JOBS. Without jobs, no turnaround possible. Globalization took away the jobs because, well, people elsewhere will do the same job for less money, which is "good for Awmerica".

 
At 12/04/2007 1:06 PM, Anonymous Primordial said...

///////////////////////////////////////////
"Inner City" people don't need parks!
They need homes!
You as well say "Well, let them eat cake!"
Talk about Bourgeoise!!
Damn you people are out of touch!
///////////////////////////////////////////

Get over yourself.

 
At 12/04/2007 1:40 PM, Blogger egon said...

>>Lions? Jesus, rough neighbourhood.

HAHAHA

 
At 12/04/2007 2:38 PM, Blogger Mantari said...

Pay $250 for the pleasure of getting a letter from the city informing you that the structure is condemned and you need to bulldoze it, or they'll bulldoze it and charge you for it.

Sounds like a great offer?

 
At 12/04/2007 3:00 PM, Anonymous robvas said...

You can do the same thing up here in Saginaw/Flint. A friend of mine buys them, and sells them on eBay to investors from Russia, China, or even other states. They have no idea what they're buying.

 
At 12/04/2007 4:03 PM, Blogger Alfred Wong said...

catch? Maybe 200k lien on the property?

 
At 12/04/2007 4:41 PM, Anonymous Dark-Star said...

Bulldozing? The best thing to happen to Detroit would be if someone bought these houses and burned them to the *ground*.

Properly demolishing some of the 'houses' in Detroit would involve an armed squad to clear out the resident gangbangers, a HAZMAT team to clean up the drug lab, or working around the refusal of many workers to help demolish because they don't want to come anywhere near the neighborhoods.

At some point you've just gotta say, "Screw it. This place is just a dangerous dump."

 
At 12/04/2007 5:16 PM, Anonymous Anonymous said...

The problem with Detroit is the corrupt and abusive government.

Because of the high taxes and bribes demanded, it's almost impossible to sustain a business there.

And because of the crooked violent cops there, it's almost impossible to raise a well adjusted kid there.

Until both of those problems are fixed, people will continue to leave as fast as they can.

It's like seeing the future of the country.

 
At 12/04/2007 6:46 PM, Anonymous Chui said...

Perhaps Detroit is due for a revival, should the USD continue falling further. Manufacturing ought to return back to the U.S., shouldn't it?

 
At 12/04/2007 8:05 PM, Anonymous Diana said...

$250 does SOUND great, but what do the fees/taxes amount up to?

Diana

---
I make a living with Forex
---

 
At 12/04/2007 8:07 PM, Anonymous Anonymous said...

Urban Sprawl has a big effect as well... head out to some of the towns/cities outside detroit and they're nothing like it, check out oakland county.

 
At 12/04/2007 10:05 PM, Anonymous Murfygirl said...

You are all missing the key words (or letter) here. EMD (Earnest money deposit). The $250 is just the deposit they want for the house, not the cost of the house.

 
At 12/05/2007 12:50 PM, Blogger pythagoruz said...

looks like they just dropped the price to 150$

 
At 12/17/2007 10:37 AM, Anonymous Anonymous said...

I'm from detroit. Lived there for 22 years and got my electrical engineering degree from U of M. in 2004 left to columbus and 3 weeks ago to New Jersey. In ways i'm glad to be gone. People come down on the city but I do admit, the personalities there hands down are the most.... interesting of any. Crack is comedy and bums are entertainment. I don't worry so much when i'm in the city. It's the wanna be suburban kids that have guns. If a bum had a gun, they'd pawn it for crack. One of my best friends is also a detroit cop. With everything they go through out there, i can't blame them for roughing up some kid breaking into cars. Martial law is the way to go there. Going home is like visiting a friends house where it's okay to trudge your dirty boots through. Heck, first thing i try to do is urinate on the street after a long drive. In ways it's sad people won't get to experience a city that well... messed up. Detroit is foreshadowing the rest of the country. If you buy "made in china" I won't be sorry when your job goes to mexico and your kids are selling their buttholes for crack.

 
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At 1/15/2008 10:28 AM, Blogger fsbo said...

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At 5/26/2008 6:17 PM, Anonymous Anonymous said...

dur, the $250 is not the EMD, it's the price of the house. the EMD probably much more than $250 to ensure that the buyer is, in fact, earnest about buying a potentially serious liability.

 
At 7/07/2009 11:59 AM, Blogger viareggio1 said...

Cerco casa per vacanza da acquistare e spendere meno di 100 dollari usa

 

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