How bad are things in Detroit?

[nh_mopar_fan]

http://www.realtor.com/search/searchresults.aspx?pg=1&cmid=1090159,1090163,1090169,1090177,1090179&typ=1

[Spike]

Hell you can find deals like that in any state, as long as you don't mind living in a crack hood 

[TUFCAT]

From the looks of it.... PRETTY DAMN BAD!!!    Its really a shame. Detroit is a river city, and by that virtue,  property should be sold at a premium and the city should be thriving.  Unfortunately, its probably the doing the worst amongst all US cities.  It's a damn waste of good land.   

[TeeWJay426]

Hell you can find deals like that in any state, as long as you don't mind living in a crack hood 

Even the crack hoods don't sell anywhere near that cheap in New England.... those are monthly rents here!

[Charger_Fan]

HOLY CRAP! Man, for 2 grand, you could buy 5 or 6 houses all in a row on the same block...level them all...build a damned BIG garage & a little house, with a huge wall around the whole thing to keep the crackheads out. Probably all for under 50 grand or so.

[Todd Wilson]

Estimated payment  5$ a month.  Imagine financing for 30 years and have a 5$ a month payment! HAHA!


Todd

[C_stripes]

I think I am going to buy one just for fun.  Whats the worst that will happen? I'll get shot when I visit.  lol

[NHCharger]

Estimated payment  5$ a month.  Imagine financing for 30 years and have a 5$ a month payment! HAHA!


Todd

I like the one listed for $1,000.00, with a $1,000.00 selling bonus.

[451-74Charger]

Check out the listings on FrontDoor.com

I know, if I didnt work for the company, id be buying them all up too....

[sick dawg]

For those prices I could buy myself the whole town!

[runningman]

I think I work across the street from some of these houses  , You wouldn't want to live anywhere near these "homes".  But yeah the housing market is really crappy around these parts.  There have been 10's of thousands of people being laid off from the auto companies as well as some of the suppliers closing.  A lot of people have been taking buyouts and just leaving town. 

[superduperbee]

These properties are in the ghetto, banks want to unload them as quickly as possible. The banks are loosing money owning these foreclosures, they have to pay the property taxes, plus pay to have grass cut, snow shoveled etc.  etc. . my house has been for sale almost 2years, and I live in one of the better white trash neighborhoods. How bad are things in Detroit? Every week I see another shop or two closing up as I drive my kids to school. There is an area on the north side of the city where literally half the houses in the neighborhood are abandoned, burned out, boarded up. If They Gave The World An Enima, They Would Stick The Tube In DETROIT !

[justin1987]

If They Gave The World An Enima, They Would Stick The Tube In DETROIT !

[Mike DC]

   

Economically/industrially speaking, what's to stop a lot of the rust-belt and midwestern cities from eventually ending up the same way?

Not a whole lot in the long term. 



Detroit is the first & worst example. 
But the conditions that drove it to that point also exist elsewhere to varying extents. 

 
 

[Troy]

   

Economically/industrially speaking, what's to stop a lot of the rust-belt and midwestern cities from eventually ending up the same way?

Not a whole lot in the long term. 



Detroit is the first & worst example. 
But the conditions that drove it to that point also exist elsewhere to varying extents. 

 
 

Yeah, but most of those other places don't have the taxes that Detroit does either (as far as I know). I can't think of a much less business-friendly place to be.

Troy

[Guns N Rotors]

Yeah, but most of those other places don't have the taxes that Detroit does either (as far as I know). I can't think of a much less business-friendly place to be.

Troy

Youngstown, Ohio

[Troy]

After further review, Detroit is one of the worst places to live but, overall, not the worst place to start a business. Hard to run a business with no employees though. Property taxes are the largest drawback.

Troy

[histoy]

Tonight's news talked about the migration of people south and west in our country during the last year.   After they talked about all the boom areas of population growth, they mentioned that Detroit had the largest population loss of anywhere in the USA.

[nh_mopar_fan]

This seems pertinent especially at the 1:00 mark....

http://www.youtube.com/watch?v=C1M0zU2IihI

[PocketThunder]

This seems pertinent especially at the 1:00 mark....

http://www.youtube.com/watch?v=C1M0zU2IihI

\

HAHAHAHAHAHAHAHA!!!!!!!!!           

[superduperbee]

After further review, Detroit is one of the worst places to live but, overall, not the worst place to start a business. Hard to run a business with no employees though. Property taxes are the largest drawback.

Troy

Cost of starting a business here is crazy. When I can leave the state I will do it then. Also the unemployment numbers don't tell the true story. If you add in the people on welfare who've given up looking for work, and the 30,000+ leaving the state each year you get the true unemployment number.

[bull]

I wonder how much land you'd have total if you bought, say, 10 of those $500 houses all right next to each other for $5k, demolished them and built yourself a fortress with a 10-foot razor wire fence around it?

[runningman]

Won't stop the bullets 

[superduperbee]

THEY WOULD FIND A WAY TO STEAL THE RAZOR FENCE AND PUT YOUR HOUSE UP ON MILK CRATES. HAHAHAHAHAHAHAHAHAHAHAHAHAHA

[Charger_Fan]

That's why I was saying to build a huge wall. Set broken glass on the top. Build a 10' wide moat all the way around just inside the wall, with gators swimming in there. Once they clear the top of the wall, they'll be bleeding from the glass & the gators will finish them off.

Sorry, I'm dreaming now.