$5000 HUD Homes in Detroit
February 8, 2008
Want to own a million dollar home for $100,000? How about a $300,000 property for five bucks? Check out Detroit. After the auto manufacturing industry took its business overseas, home prices have taken a nose dive.
While thousands of laid-off workers are fleeing the city, a few brave investors have decided to start buying up property. Much of the city is in shambles: streets are neglected, crime is rampant, and homes are vacant and deteriorating. However, some risk-takers speculate that the city will see a rebirth in coming years.
Learn more about extremely low-priced Detroit foreclosures in the new article - Detroit’s $5,000 HUD Homes: Killer Investment or Money Pit?
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