At what point does it become economical to apply for a razing permit, and dismantle the house lock stock and barrel and sell the lumber? Is there more than 10K of lumber in a house? I would think so. The fixtures should bring 2K I suppose via craigslist. I’m thinking buy, tear down, sell vacant land to neigbors for a few dollars to give them a better yard and a garden. Any thoughts?
Sell vacant land to neighbors? hahahahahahah
You don’t understand the scope of Detroits collapse, there are ENTIRE BLOCKS without a single person living in any of the houses. Go look at google earth, you can find neighborhoods where at one time the entire block in a nice area had 9 or 10 lovely victorians, only 3 exist now on the entire block, the rest of the block has been raized. You go into the tougher areas, and you can find entire blocks of homes without a single one not abandoned.
I think you estimates of a raised home making you 12k in parts is grossly overestimated. Not to mention, if you don’t find a buyer for that lot after you have raised it, you are on the hook for the ongoing property taxes for it.