4 ms·
Yes you can, but you don't want to. You can afford $1 houses, come to Detroit. But no, you probably rather live in silicon valley or New York.
by segmondy 12y ago
Yes you can, but you don't want to. You can afford $1 houses, come to Detroit. But no, you probably rather live in silicon valley or New York.
- ctdonath 12y agoAn amusing exercise is to visit http://zillow.com http://zillow.com and search for properties <= $10000, $1000, $100, $10 & $1. You have to dig thru a lot of distractions, but in some large areas you can find some reasonable options (given circumstances).
- Kiro 12y agoI don't understand how a house can cost $1. What prevents me from buying 100 of $1 houses just for fun? Seems like a pretty decent investment if nothing else.
- zaroth 12y ago> What prevents me? Property taxes.
- nawitus 12y agoI believe you would have to pay property taxes on these houses.
- brc 12y agoSome of them have local ordnances on them that requires money to be spent on fixing/securing.
- pimlottc 12y agoOther people have answered that question for you, but I'd also like to point out that a number of cities have had problems from far-off speculators buying up dirt cheap properties and then failing to maintain them or pay taxes. In one case, it may have contributed to a gas explosion in an abandoned house in Cleveland: http://www.ideastream.org/news/feature/long_distance_ownership_contributes_to_home_explosion http://www.ideastream.org/news/feature/long_distance_ownersh...