Houses cheaper than cars in the Motor City
March 20th - 5 Responses
Time to buy a house in Detroit, though I don’t know many people who would want to live there. With the American auto industry in shambles cause it just can’t seem to evolve past an SUV and a massive population drain occurring over the past 30 years, Detroit’s housing market has taken a nosedive, with many houses now being auctioned off for cheaper than one could buy a used car. At a recent housing auction in Detroit, over 30 houses were available for under $30,000, with a small bungelow on the west side going for $1,300 and a four-bedroom near the original Motown studio selling for only $7,000.
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