Comments on: Detroit’s Median Home Price Is $7,500

By: RateNerd

RateNerd — Mon, 16 Mar 2009 01:57:46 +0000

I live in Detroit and it is puzzling why so many outside investors are buying up these homes – they are really just shells and have been stripped of wires, pipes, etc.

By: Living Off Dividends

Living Off Dividends — Tue, 10 Mar 2009 08:53:41 +0000

my guess is lack of demand.

By: MoneyEnergy

MoneyEnergy — Tue, 10 Mar 2009 03:39:56 +0000

Wow, that is unbelievable… it was my first thought, too – I could actually afford a home there! But you’re right, I don’t know who would even be moving to Detroit anymore. Pretty scary. The Borders books on Woodward is even closing up soon and leaving. Detroit is ALREADY a ghost city and has been for at least the last two years already (I’ve been passing through there).

By: Justin

Justin — Mon, 09 Mar 2009 17:16:34 +0000

Hey, may I ask you, what’s the matter with these properties selling for less than $5000 ? Beautiful condiminiums and acres of land for such low prices … I find it very weird. Is there any reasonable explanation for these prices?

By: Weekly Links: March 8, 2009 | Dividends Value

Weekly Links: March 8, 2009 | Dividends Value — Sun, 08 Mar 2009 11:34:18 +0000

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