The $1 Home
A foreclosed property in Detroit was recently put on the market at a selling price of just one dollar.
"The fact that a home on the city's east side was listed for $1 recently shows how depressed the real estate market has become in one of America's poorest big cities."
"And it still took 19 days to find a buyer."
"The sale price of the home may be an anomaly, but illustrates both the depths of the foreclosure crisis in Detroit and the rapid scuttling of vacant homes in some of the city's impoverished neighborhoods."
Full Story:
Published on Wednesday, August 13, 2008 in
Topics
- Who's to Blame for Gentrification? Planners, Apparently
- A 'Curious' New Report on Pedestrian Behavior in Public Spaces
- The Best Kept—and Dirtiest—Secret About 5G
- What Was Lost When Streetcars Stopped Still Hasn't Been Found
- $1.5 Billion in BUILD Grants Funding for Transportation Projects Awarded
- Residents Left Behind as L.A. Stadium Project Surges Ahead
- The History of Alternative Suburbs
- Minneapolis Affordable Housing Practices Heading in a New Direction
- A Company of Scooter Vigilantes Sparks a Lawsuit
- A Boom in Nashville, but Fast Growth Could Bring Problems
- California Bill Takes Aim at Vacation Rentals
- A Website to Report and Map Street Repair Work
- An Energy Efficient Makeover for D.C.-Area Public Transit
- We Need More Words for Play
- Study Reveals Ineffectiveness of Work Requirements for Housing Assistance
- ADUs Offer Affordable Housing in California, but Challenges Persist
- 2019 Smart Cities Readiness Challenge Winners Announced
- Another Big City Announces Sweeping Energy Plans for Buildings
- California's Upzoning Bill, SB 50, Would Allow Apartment Construction in Wealthy Communities
- Dead on Arrival: Vision Zero Loses at the Phoenix City Council
