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.
http://www.businessweek.com/the_thread/hotproperty/archives/2009/03/the_median_home.html
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
China maybe?
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:
http://www.trulia.com/property/3099712890-1900-Strathcona-Dr-Detroit-MI-48203#photo-15
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 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.<<
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.
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