From the Detroit News:
DETROIT -- One dollar can get you a large soda at McDonald's, a used VHS movie at 7-Eleven or a house in Detroit.
The fact that a home on the city's east side was listed for $1 recently shows how depressed the real estate market has become in one of America's poorest big cities.
And it still took 19 days to find a buyer.
Yikes!
1 comment:
So, when is Detroit going to hit rock bottom? The riots were 41 years ago, Coleman Young left office 14 years ago.
What's keeping Detroit from turning the corner?
BTW, check out www.detroityes.com for great photos and discussion on Detroit.
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