Yesterday we had the dead leaving Detroit in droves, now we have the 1 dollar home. Yes, you heard me right, a home for 1 dollar. 100 pennies. Your child could buy it with their allowance. A sawbuck. See below for a picture of the 1 dollar home.
Heck, it costs 230 dollars for Barbies 3 Story Dream House, but in Motown you can get the real thing for a buck.
Just don’t tell my 12 year old, he would buy it and I would lose all my leverage.
The sale price of the home may be an anomaly, but illustrates both the depths of the foreclosure crisis in Detroit and the rapid scuttling of vacant homes in some of the city’s impoverished neighborhoods.
The home, at 8111 Traverse Street, a few blocks from Detroit City Airport, was the nicest house on the block when it sold for $65,000 in November 2006, said neighbor Carl Upshaw. But the home was foreclosed last summer, and it wasn’t long until “the vultures closed in,” Upshaw said. “The siding was the first to go. Then they took the fence. Then they broke in and took everything else.” via Detroit News