Flux Capacitor
Active Member
I want to buy a house in Detroit for a dollar. I have tried Google, But just not sure who is reputable. Can anyone point me in the right direction?
Thanks.
Thanks.
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Buying in Detroit.
- Thread starter Flux Capacitor
- Start date
androiduk
Senior Member
Don't they have some kind of rules about out of towners buying up property?
W. K. Lis
Superstar
Flux Capacitor
Active Member
how about a serious answer?
GraphicMatt
Looking forward to a FRESH START for Toronto
You already tried google? Uh. Try yahoo? Altavista? Do people still use that?
I got curious and checked MLS. Nothing for a $1 listed there, but here's a 3 bed, 2 bath, brick home with a nice balcony for $10,900.
http://www.realestatebook.com/detai...&LID=101-538456529&ecid=DF|homegain|538456529
Some things you should buy to go with your house in Detroit: a brand-new Hummer H3, subscription to the Chicago Sun-Times, Nortel Stock, a boatload of "Hilary 2008" bumper-stickers and as many commemorative Pogs as you can find, particularly those relating to the 1991-1994 ABC series "Dinosaurs."
I got curious and checked MLS. Nothing for a $1 listed there, but here's a 3 bed, 2 bath, brick home with a nice balcony for $10,900.
http://www.realestatebook.com/detai...&LID=101-538456529&ecid=DF|homegain|538456529
Some things you should buy to go with your house in Detroit: a brand-new Hummer H3, subscription to the Chicago Sun-Times, Nortel Stock, a boatload of "Hilary 2008" bumper-stickers and as many commemorative Pogs as you can find, particularly those relating to the 1991-1994 ABC series "Dinosaurs."
rbt
Senior Member
I wonder what prices need to drop to before it becomes economical to clear the land of rubble and farm it.
Though, I suppose the land is far too contaminated for to ever happen.
Though, I suppose the land is far too contaminated for to ever happen.
gei
Active Member
PukeGreen
Active Member
It sounds good on paper, buying a house for a dollar, but I wonder if you'd also be purchasing liabilities. Would you need to pay property tax on it each year? Would you need to insure it? What if the house was condemned, would you be forced to repair it or pay to have it demolished? If someone was injured on your property, could you be sued? Things to think about, maybe... 
junctionist
Senior Member
It's very risky, but I think that if you fix a few things, you could easily triple, no, quadruple the value of the house!
androiduk
Senior Member
If you want to get a realistic idea of what's going on in the U.S. real estate market, go to http://www.hud.gov/homes/
jaycola
Active Member
http://www.mcbreo.com/
Look here for more info. You can't buy a home for a dollar. Only gov't organizations, charities and native peoples are eligible. And they must be rehab'd to modern building codes.
You can buy for a a few thousand all the same.
http://www.realestate-mls.com/
Look here for more info. You can't buy a home for a dollar. Only gov't organizations, charities and native peoples are eligible. And they must be rehab'd to modern building codes.
You can buy for a a few thousand all the same.
http://www.realestate-mls.com/