GotApex? Forums - View Single Post - The median price of a home sold in Detroit in December was $7,500

guiseppewv · 03-03-2009, 07:51 AM

I think you have a point. I think it is more like 100 sold at $1k (due to foreclosure and no demand for purchasing them) and a handful of houses sold for < $100k.

The city should buy up those foreclosures and bulldoze them or sell them as part of a gentrification project after the economy rebounds.

I think the bigger point of this story is how many Detroit residents live in poverty.

03-03-2009, 07:51 AM	#4
guiseppewv Admiral Join Date: Nov 2001 Location: East coast Posts: 7,116	I think you have a point. I think it is more like 100 sold at $1k (due to foreclosure and no demand for purchasing them) and a handful of houses sold for < $100k. The city should buy up those foreclosures and bulldoze them or sell them as part of a gentrification project after the economy rebounds. I think the bigger point of this story is how many Detroit residents live in poverty.