WOW!!!!! Is it really that depressed for home sales in Detroit!!!?? This 3 bedroom home for sale less than $5000.00!!!

Ebay and Craigslist ads not allowed on DTR

and here;

 

thats what Im hearing too...

 

Detroit just plain died. We can thank these "guys" that outsourced jobs over seas.

 

That's just crazy!

 

Crawler check this one out you want to see really crazy ......

This spring a 2672 sq ft house on 2 acres with 200 ft frontage on a prized trout river with a pole building 22 x 42 and a pond in northern lower michigan on a private two track sold for 12,500 cash !!!!!!!!!!!!!!



Guess who bought it ???


Closed on it 4/20


New construction no soffit, facia, siding or furnace also some drywall not complete but 6" walls 2 story, steel roof, 6k in large windows and a view to die for--------------- on the other side of the river my only neighbor 1100 acre trophy deer preserve with their feeder 300 feet from my patio door

 

That's easy. No jobs (no way to pay mortgage) and a crime rate so high, it's down right dangerous to walk the streets.

 

Can't argue with your description of the big city of Detroit that is why i live 2.5 hours north of it close to the lake.

Another thing i find getting crazy, some of the farm land around me has been bringing 10.5-11k per acre. What are you guy's seeing tiled land sell for in your area's. Used to be my wood's was higher value than the ag land a few years back.

Maybe time to sell my farm's ??

 

The boss' dad wanted to buy an 80 acre piece of pasture that bordered some of his land with a large waste pocket, so we could fence them together. It sold for established farm land price, the guy knocked down some trees, disked the carp out of it, and rented it. The corn on it died a month before any other around here did, and you can't insure it the first year after breaking it.

 

Scott what does "sold for established farm land price" equal ?
Any drainage tile ? Why did the corn take a dump poor land or drought conditions?

 

all the domestics went international, the imports went domestic.. they just chose to go more manufacturing friendly states. Places where unions weren't so ingrained and shops weren't closed.

 

First off, why would anyone WANT to live in Detroit? You couldn't pay me to take a house there, chances of living aren't good at all.

Around here, Farmland is north of 10K an acre, not sure exactly how far north because not a lot sells, and every time a parcel comes up, a "new" record price is established. Bought mine in 2000 for $ 2,500 an acre, that was "record" territory then, should have bought more in 2009 when it was $ 4,500.........

 

$4,500/acre?! Wow!!! Lots around me with less then an acre still go for $100k an up.... Saw a 23 acre lot for sale earlier they are asking just shy of $2.5mil.

 

I thought the $10K/acre in 40+ acre lots near town was high here...

 

Land values ?

Come to NJ...for cheap land.....


Storm damaged home (tear down only) on 1.3 acres...... 1 million dollars.

http://www.landwatch.com/Monmouth-Co.../pid/262501756


This pricing in that town have has been this way for a couple decades, as the process is buy the 1960's ranch, tear it down, and build a mcmansion. I worked for a company that did exclusively that process, over and over again. Million $ an acre isn't unusual there, plus your expense of removing the original house.

NYC is well beyond what it is here.

 

How is the SE of the US outsourced?