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detroit: Buy a home for $7500 - 03/03/09 02:50 PM
No, it's not a misprint. Sound ridiculous? Click here for proof. So you think we have problems in Ontario?
The median price of a home sold in Detroit in December was $7,500, according to Realcomp, a listing service.
Detroit, which has lost half its population in the past 50 years, is deceptively large, covering 139 square miles. Manhattan, San Francisco and Boston could, as a group, fit inside the city's boundaries. There is no major grocery chain in the city, and only two movie theaters. Much of the neighborhood economy revolves around rib joints, hot dog stands and liquor stores.
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Robert Morrow

Hamilton, ON

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Chase Realty Inc. Brokerage

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Blog by Hamilton Home Review's editor, Robert J. Morrow, a licensed Realtor with Chase Realty Inc., in Ancaster, ON, Canada.


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