and you can explain this, same area, why aren't they all 10 k like the other foreclosures http://www.trulia.com/for_sale/3858_nh/foreclosure_lt/ you saying how if it was true you would buy 10 houses typical piker dreaming, I doubt you even have trading account I could by the way buy 10 of them, but it makes no sense to do it that's WHY NO ONE WANTS THEM, piker
Typos. Scams. Something is obviously wrong. For instance: http://www.trulia.com/property/1076252233-5730-Cadieux-Rd-Detroit-MI-48224 Sold last June for less than 60 grand. Oh, but now it's worth a fifth of a million? Damn, Detroit is appreciating housing at over 16% a month or 514% A YEAR? I don't think so.
Detroit's such a mess that some people are trying to build a commercial farm in the city limits! http://www.freep.com/article/200904...t+Detroit+land+eyed+as+urban+farming+hot+spot
Not typos. All those houses are close to grosse point. The prices are correct.(yes from Metro-Detroit)
You didn't even read my post, did you? Just jumped in with a reply. Here's the link again for you to review. http://www.trulia.com/property/1076...etroit-MI-48224 This house sold for less than 60 grand in June. 200 grand is wrong. Also that house is not that close to GP. It's in "English Village" (although I never heard that name thrown around when I lived up in Metro Detroit). It's one of those hellholes you see driving down 94. 200 grand is wrong.
Detroit #1 again! http://finance.yahoo.com/real-estate/article/106978/America's-Most-Dangerous-Cities Violent Crimes per 100,000: 1,220 And that's not just certain areas. Or even downtown. It's the MSA. So go ahead and buy up those cheap houses as GM folds up and Chrysler shuts down. That's seven months of felony-free mayor's office. While that is an impressive feat given current conditions, most places would not regard that as a substantial victory.
I suppose there is no chance that someone bought it for 60k because the previous forclosed homeowners trashed the house and then the new buyers picked it up for a song and rehabed and are selling for profit, huh?
Not two blocks from I94. Here's a property one block up the street for 10 large: http://www.trulia.com/property/1075547176-5928-Cadieux-Rd-Detroit-MI-48224 Sold in 2002 for less than 50 grand.