Australian Lefty on Politics, Governance, Science and Info Management

Housing affordability solved in Michigan

Posted by Dave Bath on 2009-01-09

From The Economist Link Exchange feed…

HOW low can housing prices go? In parts of Michigan the price of some houses are converging to zero. Some 709 houses in the Detroit area are listed at a price below $3000 …. a three-bedroom, one-bath bungalow of about 1,000 square feet listed at just $500.

Housing crisis solved.

If there was a first-home-purchase bonus… bargain!


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