Real Estate in Detroit is Cheap

I got a little addicted to looking at real estate in Detroit today and it’s kinda ridiculous.   For instance, you can own the house above (3 bedroom, 1.5 bath and two door garage) for $15,000.  No, I didn’t forget a zero.

If you were actually willing to spend six figures, this 5 bedroom, 3.5 bathroom turn of the century mansion is only $125,000.  It’s right next to the river, surrounded by parks, and only 2 miles from downtown.  But it is still  in Detroit.

Looking for a better bang for your buck?  Gotta some spare change lying around?  Well this, er… fixer-upper can be yours for the price of candy bar.  Then again, it does have COMPLETE ROBOCOP FIRE DAMAGE.

 

And I just think they’re asking a little too much for little bungalow.

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