Wednesday, June 13, 2012

Detroit vs. Williston ND: Homes for $2,900

What can you get for $2,900 in Detroit vs. Williston?
The 4-bedroom, 2-bath Detroit home above (pictured above on the left) is going for $2,900, the same as the 3-bedroom home near Williston, North Dakota (on the right).   

The difference?  $2,900 is the list price to buy the home in Detroit, and $2,900 is the monthly rent for the home in North Dakota near the oil patch.  

17 Comments:

At 6/13/2012 8:41 PM, Blogger VangelV said...

$2,900 rent for that piece of crap? It looks like it is time to sell out in ND and look to use the proceeds to retire on a beach in Florida.

 
At 6/13/2012 9:39 PM, Blogger morganovich said...

question:

i have heard that one of the reasons so many homes in detroit are so cheap is that they have 5 and six figure past due tax bills and liens on them and you need to pay them to take title.

anyone have any experience or knowledge on that? just wondering how big an issue it is.

 
At 6/13/2012 9:46 PM, Blogger Larry G said...

problem solved:

http://www.tumbleweedhouses.com/

next problem....

 
At 6/14/2012 9:16 AM, Blogger juandos said...

"$2,900 rent for that piece of crap?"...

Hmmm, understandable attitude vangeIV but it is what it is...

Back in the early seventies I had a younger brother working on the North Slope pipe line as a pipe fitter/welder...

He and four other guys were paying $500/month each for the use of a trailer...

 
At 6/14/2012 9:16 AM, Blogger Don said...

Former coworker from Detroit said his mom's house still has a tax valuation of like $85K or something, and it's the only occupied house for several blocks. She's making a larger annual property tax payment than the asking price for any of the houses around her.

 
At 6/14/2012 9:23 AM, Blogger VangelV said...

Hmmm, understandable attitude vangeIV but it is what it is...

Back in the early seventies I had a younger brother working on the North Slope pipe line as a pipe fitter/welder...

He and four other guys were paying $500/month each for the use of a trailer...


I understand the effect of demand. But the production from the North Slope was economic and produced huge amounts of positive cash flows. That is not the case for ND.

 
At 6/14/2012 9:41 AM, Blogger Jon Murphy said...

question:

i have heard that one of the reasons so many homes in detroit are so cheap is that they have 5 and six figure past due tax bills and liens on them and you need to pay them to take title.

anyone have any experience or knowledge on that? just wondering how big an issue it is.


That is very true. A lot of people just up and abandoned their houses, sticking the next buyer with the tax bill.

 
At 6/14/2012 12:56 PM, Blogger juandos said...

"That is not the case for ND"...

That's not what I'm hearing vangeIV if one is an oil field worker with some in demand skill sets...

From CNN (with video): Earn $2,000 a night as a boomtown stripper

 
At 6/14/2012 3:32 PM, Blogger morganovich said...

it would be really interesting to see these numbers weighted by local median income and unemployment.

lot's of 100k jobs and 1% unemployment makes for a very different notion of "affordable" than 20% unemployment and low paying opportunities.

ask any manhattan or sf Realtor: people pay up to move where the high paying jobs are.

 
At 6/14/2012 4:31 PM, Blogger VangelV said...

That's not what I'm hearing vangeIV if one is an oil field worker with some in demand skill sets...

From CNN (with video): Earn $2,000 a night as a boomtown stripper


It is clear that the employees make money but the shale producers are not profitable except in a few core areas. The money will keep flowing to employees as long as the financing gaps can be closed.

 
At 6/14/2012 4:32 PM, Blogger Ron H. said...

juandos: "From CNN (with video): Earn $2,000 a night as a boomtown stripper"

Should we be as outraged by this blatant discrimination against men as we are by the military's discrimination against women? :)

I applied for one of those high paying jobs, but was turned down. No explanation was given when I called, and all I could hear was laughter. Should I sue?

 
At 6/15/2012 6:46 AM, Blogger juandos said...

"I applied for one of those high paying jobs, but was turned down. No explanation was given when I called, and all I could hear was laughter. Should I sue?"...

Well ron h did you send them those pictures of you in the short skirt and fishnet stockings?

Try that first before you try to find an ambulance chaser...:-)

 
At 6/15/2012 10:03 AM, Blogger VangelV said...

Should we be as outraged by this blatant discrimination against men as we are by the military's discrimination against women? :)

I applied for one of those high paying jobs, but was turned down. No explanation was given when I called, and all I could hear was laughter. Should I sue?


Equal pay legislation must cover this great injustice. I would get some ambulance chaser right away and go for the jugular.

 
At 6/15/2012 2:10 PM, Blogger Ron H. said...

juandos: "Well ron h did you send them those pictures of you in the short skirt and fishnet stockings?

Try that first before you try to find an ambulance chaser...:-)
"

Why? Do you think they might pay me to stay home?

 
At 6/15/2012 2:13 PM, Blogger Ron H. said...

"Equal pay legislation must cover this great injustice. I would get some ambulance chaser right away and go for the jugular."

Good idea. I just never imagined a titty bar in North Dakota would be supporting me in retirement.

But...what if they call my bluff and offer me a job? Oh dear.

 
At 6/15/2012 6:03 PM, Blogger Larry G said...

a titty bar that pays well and has fringe benefits?

worse things could happen to you!

 
At 6/16/2012 7:05 PM, Blogger OBloodyHell said...

>>>> $2,900 is the list price to buy the home in Detroit, and $2,900 is the monthly rent for the home in North Dakota near the oil patch.

Hey, sounds like it would pay to commute...

:-)

>>>> "go for the jugular."

I will happily juggle titties anytime you want to pay me to...

What? Oh.

juGUler...

***Never MIND****....

 

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