Average House Price in Detroit is $7,500

[Hengst]

Unbelievable, but the average house price in Detroit has fallen to 7 thousand 5 hundred dollars.

Detroit's outlook falls along with home prices -- chicagotribune.com
It may be tough to get financing for a new car these days, but in Detroit you can buy a house with a credit card. The median price of a home sold in Detroit in December was $7,500, according to Realcomp, a listing service.

Not $75,000. Remove a zero—it's seven thousand five hundred dollars, substantially less than the lowest-price car on the new-car market......

 

[75th]

Jebus. I saw a four bedroom home in Detroit (relatively good condition) on the market for $6,000 the other week.

 

[Razorguns]

Yeah the only problem is ...

guess what kind of areas those are.

I hear housing in tijuana and ciadid juarez is also cheap.

r

 

[needtogetarmy]

ROFL. That is amazing. It is a 3rd world country up there.

 

[rnch]

and some of ya'll wonder why i live in new orleans.

this area didn't have the huge spike in prices other big cities did; so we are not having the plunge in prices other areas are suffering.

 

[UA_Iron]

Buy em up stringbean

 

[FriendlyCanadian]

Houses in alberta.. hmmm still like 300-500 thousand..

now would ya damn fucking americans stop fucking up the worlds economy already? yeesh.. yes you're all fucking to blame..

because you're the assholes that elected bush.

 

[jnevin]

and some of ya'll wonder why i live in new orleans.

this area didn't have the huge spike in prices other big cities did; so we are not having the plunge in prices other areas are suffering.

Dude, $7,500 for a house has nothing to do with the housing market's woes. It's because Detroit has failed as a city.

 

[ricco561]

Houses in alberta.. hmmm still like 300-500 thousand..

now would ya damn fucking americans stop fucking up the worlds economy already? yeesh.. yes you're all fucking to blame..

because you're the assholes that elected bush.

+1
The Alberta Advantage.

 

[puddlemonkey]

Dude, $7,500 for a house has nothing to do with the housing market's woes. It's because Detroit has failed as a city.

Listen to the man, he knows about failure.