Comments on: Bargain Homes In Detroit: Mansions For A Song

By: Ray

Ray — Thu, 11 Mar 2010 15:16:05 +0000

Keep this in mind: make sure you know the kind of neighbors the area attracts. Nice homes at bargain-basement prices don’t guarantee anything except a cheap house.

By: Rich

Rich — Sat, 14 Nov 2009 07:17:50 +0000

I think Detroit has a future. Some areas are totally gone yet others still can be brought back to health. You need to change to ethnic makeup to do this. Detroit needs more white people to move back and there is a population that will do just that if the deal is right. They don’t generally have children, sizable incomes, professional, full of character and they love to renovate and decorate. You guessed it! The Gay population. They need to be able to feel safe and mostly accepted and when they are watch out.

Check out Key West, London, San Francisco, New York, Amsterdam etc. . Watch the changes! They are currently here already and in towns just North of Detroit. Multi-million dollar Gay community centers and luxury condos in Royal Oak and Ferndale. London’s city council has proclaimed their city as the Gay capitol of Europe. All we need is some help from the city. Think about it. Hell, give them the houses they want for free and tax breaks for awhile and let thousands become homeowners and residents of Detroit. The Arts scene will explode and so will the city into a rainbow of colors.

By: tom

tom — Sat, 15 Aug 2009 02:51:43 +0000

Well i live in Detroit and the reason these houses are so cheap is because of the economy and the quantity of houses on the market; these houses are actually the most expensive in the city, you could easily find a house for $5,000. Detroit is great if you can avoid the rough areas and afford to send your children to private school.

By: SVB

SVB — Thu, 04 Jun 2009 06:05:05 +0000

Because it’s cheap?

By: jim miles

jim miles — Wed, 03 Jun 2009 16:25:49 +0000

i am better than all of you., why would you want a house in detroit?

By: Funny about Money

Funny about Money — Fri, 22 May 2009 15:16:27 +0000

That’s amazing!

Moi, I wouldn’t move to a place where it snows just to get a cheaper house. But find me one where the weather’s good (say…the south of France?), and it’s outta here in a flash.

I think the problem in Detroit is that you can’t get a job there. These places could be pretty appealing, though, if you were earning a decent living through self-employment or were retired.

Monroe sounds nicer, though.

By: Monroe on a Budget

Monroe on a Budget — Tue, 19 May 2009 21:04:01 +0000

I’m in Monroe, Mich., which is the farthest city south that is still considered part of metro Detroit area.

The examples given are a pretty fair assessment of housing values in the Motor City. The underlying cause is a recession that has lingered longer, and hit southeast Michigan harder, than what many other parts of the country have seen. Government officials and business leaders are trying to diversify the regional economy, but the reality is that domestic auto industry ups and downs have a huge impact on everything.

Now to give a shameless plug for my city: while the home prices here haven’t caved as bad as in Detroit itself, one can easily find a nicer house in Monroe for less than what I paid in 2004 for my home.

Monroe has a “small town” atmosphere, but it acts bigger than you’d think as far as community events, programs and services. There are private schools if you want them, but most families are satisfied with the public schools. We’re about 45 minutes from Detroit, Ann Arbor or Toledo, so one can easily take advantage of big city entertainment and sports. A state park along Lake Erie is in my zip code.

And Detroit Metropolitan Airport is only 20 minutes away.

By: SVB

SVB — Tue, 14 Apr 2009 02:53:53 +0000

Yes Manshu, they’re for real. I heard about this going on in Detroit. The reason is that Detroit is a city dependent on the auto industry. So it’s a harder place to live for those needing employment. Also, a lot of people shy away from there due to crime statistics in the area and possibly poor school systems. But if you’re looking to retire (or don’t have kids and don’t have a need to work at a physical location), there could be some areas that may work out.

There are tradeoffs….

By: Manshu

Manshu — Tue, 14 Apr 2009 02:46:28 +0000

SVB, are these too good to be true? I wonder what the neighborhood would be like…these things shouldn’t really be that cheap.

By: Millionaire Acts

Millionaire Acts — Mon, 13 Apr 2009 05:10:24 +0000

How I wish I am living in US and have worked there for quite some time that I had saved enough to buy these houses.