4 ms·
If you need a case study Detroit successfully lowered values pretty dramatically more than 10 years ago.
by austincheney 5y ago
If you need a case study Detroit successfully lowered values pretty dramatically more than 10 years ago.
- civilized 5y agoDetroit had and continues to have an enormous amount of abandoned, decrepit housing that no one wants to buy. Maybe that's why they have low housing prices. I doubt that the city government had much to do with it.
- boring_twenties 5y agoI remember looking at some of those houses. One was listed for sale for $1,500. Not a typo, one thousand five hundred dollars. The catch was that the property taxes were still like $15k a year or something.
- tedunangst 5y agoFollowed by an economic boom as people from around the country moved there for the cheap housing?