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Going, going, still going: For Just $1
Posted: Wed Jul 31, 2013 8:37 pm
by *BlackFox
Detroit family home still for sale after 519 days despite being on the market for just $1
Anyone wanna buy a house? lulz
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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Re: Going, going, still going: For Just $1
Posted: Wed Jul 31, 2013 8:47 pm
by Razorhead
Kinda reminds of the Michael Myers house >.<
Re: Going, going, still going: For Just $1
Posted: Wed Jul 31, 2013 10:17 pm
by ltsune
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
Re: Going, going, still going: For Just $1
Posted: Wed Jul 31, 2013 10:20 pm
by DarkJackal
lol, Detroit.
Re: Going, going, still going: For Just $1
Posted: Wed Jul 31, 2013 11:54 pm
by Fiction
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...
Re: Going, going, still going: For Just $1
Posted: Thu Aug 01, 2013 10:59 am
by Aventus
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.
Re: Going, going, still going: For Just $1
Posted: Thu Aug 01, 2013 10:19 pm
by omier
Fiction wrote:To think, I coulda had my own neighborhood...
Yeah, set up your own gang and shit.
Re: Going, going, still going: For Just $1
Posted: Fri Aug 02, 2013 3:41 am
by Blindfire
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.
Re: Going, going, still going: For Just $1
Posted: Fri Aug 02, 2013 4:25 am
by Tasdik
Just bought them all.
Come at me.
Re: Going, going, still going: For Just $1
Posted: Fri Aug 02, 2013 5:37 am
by inky
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.
Re: Going, going, still going: For Just $1
Posted: Fri Aug 02, 2013 2:15 pm
by Blindfire
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.
Re: Going, going, still going: For Just $1
Posted: Fri Aug 02, 2013 6:02 pm
by *BlackFox
Tasdik wrote:Just bought them all.
Come at me.
Where's the proof?
Re: Going, going, still going: For Just $1
Posted: Fri Aug 02, 2013 11:34 pm
by Fiction
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.
Re: Going, going, still going: For Just $1
Posted: Sun Aug 04, 2013 6:33 pm
by *BlackFox
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
