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

  1. 02-25-2009, 08:59 PM #1
    LavenderLounge
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    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
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  2. 02-25-2009, 09:03 PM #2
    Lee
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    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.

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    Lee
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  3. 02-26-2009, 10:37 AM #3
    Bec
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    Looks like the neighborhoods here in Cleveland.
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  4. 02-28-2009, 10:46 AM #4
    Rich
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    i was watching bill maher last night and he was saying the average home price in detroit was just 18k
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