Detroit’s $1,000 houses may be a lousy deal

The homeowner was originally seeking $5,000 for the house – but after several months on the market without any takers, trading for an iPhone might not be such a bad deal. The asking price was.

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The Detroit Land Bank is a newer public authority that auctions three properties a day for a minimum bid of $1,000, plus closing costs and the current year’s property tax. 3.

It may seem to be inviting bad luck to plan your funeral while. Roy says she found two funeral homes near her home in.

Is it better to own a REIT than a home? By Daniel Goldstein. Published: May 4, 2014. Detroit’s $1,000 houses may be a lousy deal. Should American dream still be owning a home?

Bad Real-Estate Deals Return to Haunt Detroit’s Pensions – Orr said the general-employee pension may be as little as 60 percent funded. While board members dispute Orr’s claim, it’s clear that real-estate. deal, who wasn’t charged, also paid for a Miami.

Radical cheap: $1,000 homes | Real Estate Investing Center – The real estate market is so awful that buyers are now scooping up homes for as little as $1,000. There are 18 listings in Flint, Mich., for under $3,000, according to Realtor.com. There are 22 in Indianapolis, 46 in Cleveland and a whopping 709 in Detroit.

Nora enters into a contract with Oceanic Transport, Inc., to insure and ship a painting from France to the United States for a certain price. But Oceanic makes a mistake in adding the costs, which results in a contract price that is $1,000 less than the true cost.

In 2005, everyone was buying houses. It was common knowledge. (a $100,000 that rents for around $1,000 a month), it is very likely to cash flow positively. If you focus on buying in areas like this.

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Stegman doubles down: White House will not recapitalize Fannie, Freddie Stegman doubles down: White House will not recapitalize. – Investments Lending Stegman doubles down: White House will not recapitalize Fannie, Freddie Says ending conservatorship wouldn’t help affordable housing

Re: Detroit cops offered homes for $1000 Guess there’s a sucker born every minute. Not a bad deal if you want to be a cop in Detroit, no special education required, no experience required and now you get a house to.

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