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It is almost impossible to think that any large American city would be forced into the position to sell broken-down homes online.
Obviously the writer isn't old enough to remember the 70's. If online existed then many of the cities would have done the same thing. Baltimore sold a bunch of white stoop houses for $1.00 each. Jersey CIty was essentially giving houses away. A friend of mine bought an entire 3 story firehouse which was huge for 12k in downtown Jersey CIty. I thought he was nuts. I was so wrong.
Strategist
2014 Apr 15, 12:13pm
To all the bears:
You were right.....who could have ever imagined houses could ever sell for this? It's a compete disaster. The homes are affordable to everyone.
But why does'nt anyone want affordable homes? The Chindians could buy the whole damn city, but do not, yet they are willing to pay $1 million for the overpriced shack with rusty nails and rotted wood. The homeless problem could be solved by a one way ticket to Detroit, but even they don't care.
Location location location.
This is evidence that unaffordable areas will get even more unaffordable, while affordable areas will get more affordable.
Location location location.
It is almost impossible to think that any large American city would be forced into the position to sell broken-down homes online.
Obviously the writer isn't old enough to remember the 70's. If online existed then many of the cities would have done the same thing. Baltimore sold a bunch of white stoop houses for $1.00 each. Jersey CIty was essentially giving houses away. A friend of mine bought an entire 3 story firehouse which was huge for 12k in downtown Jersey CIty. I thought he was nuts. I was so wrong.
Out of curiosity, what did he do with the firehouse?
Those clearance sales are crucial to the revitalization of a city. New owners with zero debt (and hopefully low property taxes too) will have money to float the local economy. Both taxes and mortgages are cost of doing business and staying alive in a community.
New Renter
2014 Apr 15, 1:04pm
To all the bears:
You were right.....who could have ever imagined houses could ever sell for this? It's a compete disaster. The homes are affordable to everyone.
See!
Now here you are, your entire fortune sunk into Detroit housing your empire selling for pennies on the Benjamin. Soon you will be shuffling the mean streets, begging the homeless to allow you to lick the tiny scraps of expired cat food out of the otherwise empty can. The few scraps of "clothing" draped over your wasted form come not from a charity or a dustbin, no the best you can do is a few oily rags stolen from a garage. Stray dogs and even rats cross the street rather than risk damage to their olfactory senses by your stench.
You should have listened to the bears.
zzyzzx
2014 Apr 15, 11:18pm
Baltimore sold a bunch of white stoop houses for $1.00 each.
I know. $1000 is outrageous for houses that should go for $1 in Detroit.
zzyzzx
2014 Apr 15, 11:18pm
New owners with zero debt (and hopefully low property taxes too)
I would not count on the low property taxes part. The reason they give away houses is so that they can get property taxes out of the new owners.
New Renter
2014 Apr 16, 1:32am
Baltimore sold a bunch of white stoop houses for $1.00 each.
I know. $1000 is outrageous for houses that should go for $1 in Detroit.
What's sad is I've seen some of those houses in person. Beautiful 3-4 story brick houses on giant (by SFBA standards) lots. Someone put a lot of money into building them once, far more than the stick built homes around here.
Now they sit - window plywood removed by the powers that be to accelerate decay, just giant silent brick monoliths to better times gone by.
At least that will NEVER happen in here in the SFBA! Our houses will have long since turned to dust!
Strategist
2014 Apr 16, 2:35am
Now if someone says American real estate will crash, they will have been right.
When they say American homes are unaffordable, they will have been wrong.
When they say California real estate will crash, they will be wrong.
When they say California homes are unaffordable, they will be right.
Out of curiosity, what did he do with the firehouse?
Lived in it believe it or not. Lost track of him, don't know the final outcome.
Strategist
2014 Apr 16, 5:28am
To all the bears:
You were right.....who could have ever imagined houses could ever sell for this? It's a compete disaster. The homes are affordable to everyone.
See!
Now here you are, your entire fortune sunk into Detroit housing your empire selling for pennies on the Benjamin. Soon you will be shuffling the mean streets, begging the homeless to allow you to lick the tiny scraps of expired cat food out of the otherwise empty can. The few scraps of "clothing" draped over your wasted form come not from a charity or a dustbin, no the best you can do is a few oily rags stolen from a garage. Stray dogs and even rats cross the street rather than risk damage to their olfactory senses by your stench.
You should have listened to the bears.
Ha....I'll just go on welfare and live it up. Hawaii, here I come.
New Renter
2014 Apr 16, 8:24am
Ha....I'll just go on welfare and live it up. Hawaii, here I come.
Just how are you going to get there as a homeless welfare king?
Greyhound?
Strategist
2014 Apr 16, 8:43am
Ha....I'll just go on welfare and live it up. Hawaii, here I come.
Just how are you going to get there as a homeless welfare king?
Greyhound?
There was a thread or posting right here about generational welfare people taking vacations in Vegas and Hawaii. I'll just do what they did.
Strategist
2014 Apr 17, 12:31am
Baltimore sold a bunch of white stoop houses for $1.00 each.
I know. $1000 is outrageous for houses that should go for $1 in Detroit.
And they say California is overpriced.
Ceffer
2023 Dec 3, 4:15pm
https://twitter.com/UltraDane/status/1725955906427572459
HeadSet
2023 Dec 3, 5:02pm
https://twitter.com/UltraDane/status/1725955906427572459
Same thing happens on Indian reservations.
UkraineIsTotallyFucked
2023 Dec 3, 8:58pm
Patrick says
https://twitter.com/UltraDane/status/1725955906427572459
Same thing happens on Indian reservations.
Ceffer
2023 Dec 3, 10:00pm
Denial is their precious commodity that needs to be protected at all costs.
WookieMan
2023 Dec 4, 3:02am
Wow. There was a lot of 'power gaslighting' going on with the Libbyfuck bleeding heart exchanges above.
They won't go to those neighborhoods anyway is the problem. Projecting and not having balls to step foot in the rough neighborhoods is the problem.
Reality is who gives a shit if the photos are reversed. The fact it ever looked that way at one point is reality. Having worked for years on Chicago's South and West side a building would get rehabbed or built and 9 out of 10 times would be shit in 5 years.
Fact is certain cultures and races simply just don't care for their property. It's not even a money thing either most of the time as the value and monthly costs are bottom of the barrel. They just don't care. And it's not just blacks. Illegals and native Mexicans live pretty gross. Indians were pretty gross too. This is fact as someone that's been through thousands of homes and apartments in Chicagoland. Detroit is probably no different.
zzyzzx
2023 Dec 4, 4:51am
Fact is certain cultures and races simply just don't care for their property. It's not even a money thing either most of the time as the value and monthly costs are bottom of the barrel. They just don't care. And it's not just blacks. Illegals and native Mexicans live pretty gross. Indians were pretty gross too.
It comes down to laziness as well.
WookieMan
2023 Dec 4, 7:47am
It comes down to laziness as well.
For sure. But why? Something as basic as keeping the lawn mowed is trivial. Pull some weeds, put some flowers in, etc. It's a reflection of you as a person. You keep a shit house I'm not gonna trust you. I'll be friends, but I'll never trust you. I spend probably an hour a day on my house maintaining and doing small projects. It's not hard. It's fun. I learn new things I don't have to pay someone $75/hr for it. Kids learn shit too.
Culture and welfare will be the death of our society. And it's not about money either. People out kick their coverage in housing all the time. My parents did. We had the worst landscaped house when I was a kid. Wasn't Detroit or Chicago, but for a 3,600sf house it looked like shit. I vowed to not let that happen to my home. I haven't. And you don't need to be a pro landscaper. You bring everyone down when your house looks like shit. No one likes you.
HeadSet
2023 Dec 4, 9:15am
HeadSet says
Patrick says
https://twitter.com/UltraDane/status/1725955906427572459
Same thing happens on Indian reservations.
The cars in the above photo look a little old to be from 2013 but make more sense for a 2009 photo. It is real.
http://247wallst.com/economy/2014/04/15/detroit-sells-homes-for-1000/
Detroit has started to auction homes for as little as $1,000 each. Its Building Detroit website launched Monday with 15 homes and a series of rules buyers must follow once they take possession of the properties. The action suggests just how far Detroit has fallen and how unlikely it is that people will want to move into the more blighted parts of the city.
The houses can be purchased with a credit card. However, the cards are only charged if buyers do not pay on time for a home for which they have the winning bid. Properties will be online for a week before bidding begins; auctions begin May 5. Open Houses will allow potential owners to walk through the houses.
Not everyone can bid. Under the rules set by the Detroit Land Bank Authority:
You must be a Michigan resident or a company or organization authorized to do business in Michigan.
You cannot have lost property to back taxes in Wayne County in the last three years.
You cannot have material unresolved blight or code violations in the City of Detroit.
Any bidder who misrepresents himself on these qualifications is subject to loss of payments and/or property.
In addition, the Detroit Land Bank reserves the right to exclude bidders with a history of delinquent taxes or code violations.
The website allows those who quality to click a “Bid Now†button next to the house for which they want to make an offer.
Rules for repairs and occupation are stiff:
Within 30 days after closing, you must provide the Land Bank an executed copy of a contract to rehab the home. If you can demonstrate to the Land Bank you have the skills to rehab the house yourself, within 30 days after closing you must provide the Land Bank receipts showing you have purchased the materials necessary.
Within 6 months of closing, you must provide the Land Bank with a Certificate of Occupancy for the house and demonstrate that the house has an occupant.
If you fail to meet these deadlines, you forfeit both your purchase price and the property.
It is almost impossible to think that any large American city would be forced into the position to sell broken-down homes online. However, Detroit is bankrupt, having fallen in to Chapter 9. Its population has dropped more than 50% since 1950, from 1.8 million to just over 700,000. And the city is huge geographically — 138 square miles. This means that as people have departed, large portions of the city have been left unoccupied. However, the city has to provide basic services, like police and fire protection, at costs that the city can no longer afford.
“We are moving aggressively to take these abandoned homes and get families living in them again,†said Mayor Mike Duggan. But with the city continuing to falter, buyers of $1,000 homes have to question whether owning them is worth it.