Craig's List Detroit - 53 homes for $90k

Real estate in Detroit has gotten so bad they are selling houses in bulk:

http://www.lavenderlounge.com/blog/2...ale_of_20.html

Thats nothing, Gary is currently pulling REO tapes for a hedge fund valued at $100B and they are paying just $0.38 on the dollar for the properties they are buying in Southern California.

Regards,

Lee

Looks like the neighborhoods here in Cleveland.

i was watching bill maher last night and he was saying the average home price in detroit was just 18k