Going, going, still going: For Just $1

*BlackFox · **Joined:** Sep 2008 **Posts:** 7923 **Location:**

Detroit family home still for sale after 519 days despite being on the market for just $1

Anyone wanna buy a house? lulz

Spoiler!

Quote:

House built in 1915 has been listed for sale since May 2011
It was initially placed on the market for $900
Is one of a number of run-down properties lying in suburbs of bankrupt city
It may not look particularly attractive, but as just $1 this family home is a complete bargain.

However, despite being on the market for the drop-down price since February last year, the Detroit property is astonishingly still for sale. It is one of a number of run-down properties lying in the suburbs of Michigan's largest city, which earlier this month filed for bankruptcy, crippled by enormous debts.

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Razorhead · **Joined:** Apr 2008 **Posts:** 820 **Location:**

Kinda reminds of the Michael Myers house >.<

ltsune · **Joined:** Mar 2008 **Posts:** 5751 **Location:**

I would buy it and turn it into a "scary-house" attraction.
Just add in some glow-in-the-dark paint and a few "ghost" blankets and you're good to go!

For more business advice, contact me at: iWillMakeYouAMillionairInJustAFewDays@scammingyou.com

DarkJackal · **Joined:** Feb 2006 **Posts:** 6119 **Location:** A den~

lol, Detroit.

Fiction · **Posted:** Wed Jul 31, 2013 11:54 pm

You know, you'd think buying these houses would be like investing in stock. Just waiting for property values to get on the up and up, but sadly, thanks to local/state/federal government, buying these properties would just be a huge pain in your ass. To think, I coulda had my own neighborhood...

Aventus · **Posted:** Thu Aug 01, 2013 10:59 am

Yea the taxes in Detroit are still waaaay higher than they should be. You could probably own an entire mini city here if you wanted. I've driven by area's of Detroit that are probably a square half mile that are just abandoned.

omier · **Joined:** Aug 2006 **Posts:** 5985 **Location:** ...

Fiction wrote:

To think, I coulda had my own neighborhood...

Yeah, set up your own gang and shit.

Blindfire · **Joined:** Feb 2008 **Posts:** 3844 **Location:** ...

Eventually these abandoned houses will be bought up by some property developer and they'll make a killing. The city just needs to show signs of rebounding first.

Tasdik · **Joined:** Jan 2007 **Posts:** 13206 **Location:** Life

Just bought them all.

Come at me.

inky · **Joined:** Nov 2006 **Posts:** 4025 **Location:**

Yep. I saw a few listings for $15~250 for house and lot deals in Detroit. Wow..

@blindfire, was actually thinking of buying an entire block there lol. I'm just worried what the property taxes would be like.

You can probably just strip the metal parts from the house and sell it for a lot more than $1.

Blindfire · **Joined:** Feb 2008 **Posts:** 3844 **Location:** ...

inky wrote:

You can probably just strip the metal parts from the house and sell it for a lot more than $1.

You'd make a lot of money with a suburban neighbourhood's worth of copper pipe and wire but I'd imagine someone has already ripped it out of all of these abandoned houses. Scrapping copper pays well.

*BlackFox · **Joined:** Sep 2008 **Posts:** 7923 **Location:**

Tasdik wrote:

Just bought them all.

Come at me.

Where's the proof?

Fiction · **Posted:** Fri Aug 02, 2013 11:34 pm

Well, there are entrepreneurs out there always trying to find good investments... If they aren't willing to spend a few thousand dollars, out of the millions they are making, I doubt wasting time or money on these houses would prove beneficial.

*BlackFox · **Joined:** Sep 2008 **Posts:** 7923 **Location:**

Fiction wrote:

Well, there are entrepreneurs out there always trying to find good investments... If they aren't willing to spend a few thousand dollars, out of the millions they are making, I doubt wasting time or money on these houses would prove beneficial.

Most likely.. but you never know. xD

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