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Originally Posted by crockett
So what the fuck is with those detroit prices? I mean wtf? is that crack town or are there just no jobs?
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Both.
Plus it looks like those homes have been destroyed by fire. I'm guessing land value in the ghetto isn't much more than the demolition cost.
I did see on TV awhile back how foreclosed property in Detroit was selling for insanely low prices at property auctions though. So many foreclosers that there wasn't even enough vultures to swoop down and get them, so the prices were driven way down.