Skip to comments.Did You Know That Houses In Detroit Are Cheaper Than Used Cars?
Posted on 07/24/2013 8:16:58 AM PDT by pinochet
Fifty years of socialist rule in Detroit has achieved a revolution in cheap housing. Because 60 percent of the population of Detroit fled from the city because of high crime rates, there are more houses than people in Detroit. This article from Bloomberg Businessweek says that you can buy a house in Detroit for $6,000.
This is less than what most people pay for a used car. Advocates of "affordable housing" must be very happy.
The article also says that you can get a huge 8 bedroom mansion with two levels and a 3 car garage for $14,000. A similar house in a "good neighborhood" would cost millions of dollars. Those extra bedrooms can accommodate bodyguards.
I wish Bloomberg would buy one of these great deals and move into it.
I’ll take the car!
You’ll need the extra millions to pay back taxes you’ll get when you buy the silly thing.
If you have the car, you can drive out of Detroit. With the house, you are stuck there.
Detroit sounds like an opportunity for a foreign power to move in, buy that real estate and colonize it, like in Africa
Not necessarily... all those houses were abandoned after all
A used car can flee...... be driven away from Deetroit.
A cheap house can only depreciate further. It must remain in place
I’m pretty sure I’d rather live in a car than in a house in Detroit...
Exactly. Some entrepreneurs could simply by up whole blocks of the wasteland there for pennies and sit on it waiting for the big turn around, BUT: there ain’t gonna be no turnaround, and the taxes are unaffordable now and highly unpredictable for the future.
The doctor in charge of this case of multi-system failure needs to simply call the code.
If you look at some of the housing built in the 20’s-40’s there are some gorgeous mansions clearly built by the 1%. The workmanship in them is breathtaking. Within a decade they’ll be burned out shells used as drug dens.
It’s heartbreaking in a way.
This is a DNR patient.
Not only that, the reason the price of used cars has gone up is because of the government’s idiot Cash for Clunkers program that took so many of them off the market. Brilliant.
A good friend of mine, who is black and who grew up in the inner city, told me why this is the case in inner city neighborhoods — its because “you can sleep in your car but you can’t cruise in your house.”
Buy up blocks at time, secure them, then renovate them. Do it again as each neighborhood is reclaimed. Use a type of indentured servitude employee, a small salary, housing and food. Have them work at security and remodeling. Teach them skills in the trades. Open general stores at first. Build small production factories making anything. Start a trucking company.
The perfect people to do this are the young unemployed, especially from rural areas as they will already know how to use guns, some tools and machinery. Give them the adventure of re-birthing a city with the promise of a house after so much work. All the while indoctrinating them with American spirit and conservative values.
It is true. When it comes to woodworking and craftsmanship of plaster, masonry, glass, etc. you could not afford to build some of those houses today they way they were built back in the early 20th century.
Unfortunately, most have been stripped of anything of value, starting with the copper.
Like this one:
And as I said on another thread. It’s obvious that the ‘class’ of people who own the house now is very different from the ‘class’ of people who built it originally. The furniture is nice enough for a middle class home but is nothing like the furniture and decor that was there originally.
I won’t say anything about the Obama picture that graces one of the snapshots.
>>If you look at some of the housing built in the 20s-40s there are some gorgeous mansions clearly built by the 1%. The workmanship in them is breathtaking. Within a decade theyll be burned out shells used as drug dens. Its heartbreaking in a way.<<
Heartbreaking indeed. My grandparents owned two adjacent homes in Detroit (sidebar: The rumor is that grandma was involved in the underground railroad, and I always believed it because I played in a dirt tunnel that connected the 2 homes, but that’s beside the point). These homes — not just grandma’s — truly were breathtakingly beautiful. Of course, part of the reason they are being sold dirt cheap is because most of them already ARE burned out drug dens and squatter homes.
Of all the crap that is Detroit now, I think the state of these homes is what gets me the most...hence, why your post touched me.
Even if I could track down grandma’s homes, I wouldn’t give a thin dime to the PTB for them — I’ve already paid my dues, including part of the heart and soul, to the communist monsters who have destroyed my home town.
I’d rather have invested in Hiroshima, August, 1945.
It would be interesting if one of these liberal tech-freek cos. would buy a chunk of the devastation, fortify it and move their employees there....a few of these enclaves with razor wire food supply and safe transport....eventually some of the tax base could return...and there is a lot of cheep starving labor there...really its almost like rural china!
Not many houses left..because they burn them down for fun.but there ARE huge buildings that just need revamp....the place could become like a hive of electronic productivity.
There is one area of course that is quite prosperous that would be the muslim controlled area holding a pop of 3-5 million...they however have their own economy established and dont pay taxes normally.Years ago they were treated like walking atms by the black gangs but not any more...gangsters hookers and dealers disappear in dearborn the mussi section of detroit.
I have no idea how old you are but you’d have to be 90 or so if your GRANDparents were involved in the underground railroad. And they’d have to have been in their 20’s or so when they were involved in that. That’s been 160 or so years ago.
Would be interesting to know though. There’s usually a nugget of some truth to family stories.
The sheer history that’s been destroyed, and will be destroyed soon, is mind boggling.
“This 1909 Built Louis Kamper-designed French Regency mansion sits on 3 lots, surrounded by lavish greenery and gardens. Chandelier over the grand staircase was a gift from Edsel Ford to the original owner, Cornelius Ray. Palladian windows, heavily ornamented marble fireplaces.”
Excepting that most of us escaped years ago.
Even so, they still pass laws to force us to "enjoy" ghetto life to make it seem more desirable not to live where we want.
They make sure the price of gas is high to get us to buy their Priuses and they make us wrap up our garbage like little presents to their gods.
We are just too mobile for them. Praise the Lord!
They sure do have their work cut out for them, don't they?
“The article also says that you can get a huge 8 bedroom mansion with two levels and a 3 car garage for $14,000.”
Sure, but you will need to spend a lot of money to re-plumb, re-wire, etc. Those abandoned homes have been stripped to the studs. In many cases you will have to do the work multiple times as you are refurbishing, often the new wiring or pipes get stolen as soon as it is installed.
I like to think about taking 500 like minded friends and buying up a major portion, running it locally like godly conservatives, and just sort of reclaiming the space with some sanity.
Sadly I have nowhere near 500 friends. It would be cool, though.
Well, duh. You can’t flee Detroit in a house.
Anything of value is already gone, I’m sure.
I have a giant cast iron and copper tub that was salvaged from Detroit in my bathroom. Weighs north of 1,500lbs.
I got it for $150. Shipping cost $375.
1. That home is priced at 499,000, not 6,000.
LOL. You’re right. I’m not THAT old! Perhaps it was my great-grandparents...and, yes, I would love to know the true history, but I don’t think I have the energy to delve that deeply into my family history (too many of the old ones are gone, too)...not to mention the other rumor of grandpa’s mob connections!
If I can ever find out the address or if I could jog my memory to even remember the street name, I might be able to go from there — I wouldn’t even be able to take a stab at when those 2 homes were built. Ah, well.
BTW, I want that wood/rod iron banister from the home on Strathcona!!!!!!
Yes, but not located in the inner city (?) — says Palmer Woods (Ferndale schools close by)...but I think Black Agnes posted it to show the beauty of the craftsmanship of some of these homes.
Has anyone seen that show on HGTV...Nicole somethingoranother...reno show...she’s from MI, IIRC, but renovates to original in...Philly? Whatever...I LOVE her work and she’s a real go-getter.
Wonder if Detroit was facing an Obamacare death panel what the decision would be?
"Detroit bankruptcy unlikely to hurt home prices" Or, it can't get any worse..
Could some one buy the house and then have it moved to a better location?
Yes. But the odds they’ll actually GET that price are exceedingly small.
And that price in no way reflects the true value of that home. Were that home 50m in any direction you could easily double that price. Imagine the price of that home were it located on Mackinac Island. Easly 3 or 4 times that price. And they all cost essentially the same to build back in the day.
Yeah, that banister is wonderful.
If you look through the ‘similar homes’ links to the right you can see other really neat old homes too. Although in one some heathen appears to have painted gorgeous ornate plaster work AND the pressed tin ceiling. Lime Green. And the walls a nice shade of grape.
Crimes against architecture I say.
Perhaps some fund-raising genius could get the Communist Party of America, the National Association for the Advancement of Colored People (their words, not mine), the American Civil Liberties Union, the Sierra Club, the United Auto Workers, The Democratic Party, and such to donate enough money to turn the entire city a National Monument, and name it The Detroit Liberal Policy Wonderland.
Visitors could pay to be driven around in heavily armored vehicles (made in China) while witnessing paid thugs randomly living their lives, demonstrating turf wars, drug deals, gang rapes, serial impregnations and such local color.
Professional homeless could be shipped in on a regular basis to serve as victims of colorful muggings and knock-out games, to demonstrate dumpster diving, free-lance urination and defecation, cardboard shanty construction, abandoned home squatting, etc.
Unemployed union workers could once again become gainful through hourly protests, riots, and property damage. Visitors could - for a price - pose as journalists and practice filming these scenes and writing liberally-slanted propaganda pieces.
The tour vehicles could also drop people off, for a price, to witness a real, live meeting of the city counsel as they craft a back-room pay-to-play deal with local, state and national graft experts (politicians).
Get with it Detroit! Think outside the box. If you’ve created a lemon, sell lemon-scented meth.
Some less than a used laptop:
13545 Fleming Street is reduced 30% from $100 to $70.
Probably because there is greater value in a used car than in what’s for sale there, before it returns to farmland.
There are many cheap houses for sale in Detroit currently. Some of the best deals can be found through online real estate auction websites (like http://realtybargain.net/page/cheap-houses-for-sale-in-detroit.html ), which offer auctions with $1 starting bids.