Report This Ad (full site)
Fark.com

Back To Business
   Q: How bad is the housing bust hitting Detroit? A: $500 for a 2 bedroom house bad

24 Apr 2012 11:24 AM   |   4114 clicks   |   Some Cheap Guy
Add Comment
Showing 1-50 of 63 comments
Refresh Page 2
Jubeebee    [TotalFark]  
Any Detroiters want to comment on the Five Points neighborhood this is in? On a scale of one to The Road, how bad is this area?

24 Apr 2012 11:30 AM
Reply
natazha     
Can't be too bad, if the taxes are five times the selling price.

24 Apr 2012 11:32 AM
Reply
Geotpf     
This is nothing new. These $500 houses are in horrible neighborhoods, usually having been stripped of all appliances, copper wiring, and plumbing and are generally falling apart. The price to fix them up plus taxes is almost always more than one could possibly rent them out for.

24 Apr 2012 11:37 AM
Reply
SithLord     
Now, now, lay off Detroit. Them people is living in Mad Max times.

24 Apr 2012 11:39 AM
Reply
ZAZ    [TotalFark]  
Keep reading:

795 SQ FT, FAIR ROOF, FIRE DAMAGED, CONTRACTORS SPECIAL

$375 CLOSING COST FOR CASH PURCHASES

24 Apr 2012 11:44 AM
Reply
doglover    [TotalFark]  
I'd buy a $500 house.

But they'd have to excuse the taxes.

24 Apr 2012 11:50 AM
Reply
tznnmp     
This is a good description of what I do twice every day:

Schwartz's "thunder run" into the city the next morning was a prelude to the fall of Baghdad. It triggered a grinding three-day battle, the bloodiest of the war-and dismissed any public perception of a one-sided slaughter of a passive enemy. Entire Iraqi army units threw down their weapons and fled, but thousands of Iraqi militiamen and Arab guerrillas fought from bunkers and rooftops with grenades, rockets and mortars.

24 Apr 2012 12:07 PM
Reply
pelzo63     
Hey look. It's only a mile from the road in that Marshall Mathers III motion picture! Who wouldn't want to live that close to such a famous place as 8 mile road?!?!

24 Apr 2012 12:09 PM
Reply
sure haven't     
Jubeebee: Any Detroiters want to comment on the Five Points neighborhood this is in? On a scale of one to The Road, how bad is this area?

I live in Windsor. When I got here a couple years ago, I was warned to stay away from 7 mile, 8 mile, and 9 mile. This is in 7 mile area, so I would say it's almost about The Road (which made me laugh by the way) (your comment that is, not the movie).

24 Apr 2012 12:26 PM
Reply
blackminded     
Jubeebee: Any Detroiters want to comment on the Five Points neighborhood this is in? On a scale of one to The Road, how bad is this area?

It's not that bad if you don't mind rape and robbery.

There are much nicer parts of Detroit proper, including neighborhoods a few miles from this ZIP where my brother lives.

That said, this house is selling for what it's worth.

24 Apr 2012 12:36 PM
Reply
Bllasae     
sure haven't: Jubeebee: Any Detroiters want to comment on the Five Points neighborhood this is in? On a scale of one to The Road, how bad is this area?

I live in Windsor. When I got here a couple years ago, I was warned to stay away from 7 mile, 8 mile, and 9 mile. This is in 7 mile area, so I would say it's almost about The Road (which made me laugh by the way) (your comment that is, not the movie).


I also live in Windsor.

24 Apr 2012 12:36 PM
Reply
sure haven't     
Bllasae: sure haven't: Jubeebee: Any Detroiters want to comment on the Five Points neighborhood this is in? On a scale of one to The Road, how bad is this area?

I live in Windsor. When I got here a couple years ago, I was warned to stay away from 7 mile, 8 mile, and 9 mile. This is in 7 mile area, so I would say it's almost about The Road (which made me laugh by the way) (your comment that is, not the movie).

I also live in Windsor.


This arctic wind we've been getting is pure bullshiat.

24 Apr 2012 12:44 PM
Reply
Lyonid     
A better view of some lucky farker's future home.

Amazingly, the listing fails to mention that this comfy little cottage is located directly across the street from BALLZ Middle School. That's some poor Real Estate'in right there, leaving off such an obvious selling point.

24 Apr 2012 12:44 PM
Reply
dmars     
Lyonid: A better view of some lucky farker's future home.

Amazingly, the listing fails to mention that this comfy little cottage is located directly across the street from BALLZ Middle School. That's some poor Real Estate'in right there, leaving off such an obvious selling point.


Sad if that is a bad place to live, the neighborhood doesn't look that bad really

24 Apr 2012 12:47 PM
Reply
Pants full of macaroni!!     
500$

Subby, get it right. On Fark, it's properly written "$500 dollars".

24 Apr 2012 12:50 PM
Reply
Jacobin     
WTF does this mean?

Taxes:
2011 Winter - $216.11
2011 Summer - $2,381.34
2010 Winter - $245.59
2010 Summer - $3,696.64

24 Apr 2012 12:56 PM
Reply
daveinsurgent     
Jacobin: WTF does this mean?

Taxes:
2011 Winter - $216.11
2011 Summer - $2,381.34
2010 Winter - $245.59
2010 Summer - $3,696.64


Taxes are collected twice a year with a larger portion in the summer (when people don't have to pay as much for heating) and have gone down due to the property being worth almost nothing? Was that hard?

24 Apr 2012 12:59 PM
Reply
dletter    [TotalFark]  

24 Apr 2012 01:12 PM
Reply
darcsun     
My grandparents lived about 2 - 3 miles from there (On the Dearborn Hts side of Telegraph). Their house sold for $80k after my grandfather passed in 2010. My great aunt lived in that direct area. It was still pretty nice back in the 1990s, but she was one of the last white folk to live in the area.

That being said, my wife and I are seriously considering buying that house. It would actually be cheaper than getting a hotel when we head up there to visit family.We think that the city has obviously bottomed on price. Add in the fact that fresh water could be hard to come by in the coming years, it doesn't seem to be that bad a deal.

24 Apr 2012 01:12 PM
Reply
RickyWilliams'sBong     
dmars: Lyonid: A better view of some lucky farker's future home.

Amazingly, the listing fails to mention that this comfy little cottage is located directly across the street from BALLZ Middle School. That's some poor Real Estate'in right there, leaving off such an obvious selling point.

Sad if that is a bad place to live, the neighborhood doesn't look that bad really


I'm sure it's a somewhat rough neighborhood, and the house has probably been unoccupied and rotting for years, but it doesn't look like it should even score a 5 on the above 0-to-TheRoad scale. Anybody who thinks that's scary is hilariously sheltered.

24 Apr 2012 01:15 PM
Reply
groppet     
Was there a Fark link about how you could get a nice mansion there for like 10K? And I think the lowest price for a house I saw there was $100 and that was last year but it was a complete shiathole.

24 Apr 2012 01:17 PM
Reply
jst3p     
How retarded is subby?

FIRE DAMAGED, CONTRACTORS SPECIAL

That retarded.

24 Apr 2012 01:26 PM
Reply
Lunaville     
dletter: Link, if you'd like to check out the neighborhood

I don't get it. Unless the school is a euphemism for a holding pen until they're old enough to go to a for-profit prison, this neighborhood looks decent. The houses are actually slightly nicer than the one my parents owned. They are nicer than the houses owned by at least two of my Aunts and Uncles.

Two bedrooms is a little small in modern terms, but they'd make decent housing for single adult roommates and some of these houses have to have at least three bedrooms. Also, some couples have no children or only one child and could probably make a two bedroom work.

24 Apr 2012 01:33 PM
Reply
Contents Under Pressure     
How can you have any kind of crime rate at all in a neighborhood that is pretty much uninhabited? I understand that people in those neighborhoods are taking over adjoining vacant lots to put in urban farms or just have more yard space.

The infrastructure is there. The people are not. I see an opportunity for retiring boomer/hippies to take the place over.

24 Apr 2012 01:36 PM
Reply
Lunaville     
I expected the house to be in an abandoned neighborhood. I was going to suggest the federal government buy up the land, demolish the houses, and let it go wild. I was thinking it would provide wildlife habitat and oxygen producing green space. But there are people there. The neighborhood is clearly not abandoned.

24 Apr 2012 01:36 PM
Reply
RickyWilliams'sBong     
Lunaville: dletter: Link, if you'd like to check out the neighborhood

I don't get it. Unless the school is a euphemism for a holding pen until they're old enough to go to a for-profit prison, this neighborhood looks decent. The houses are actually slightly nicer than the one my parents owned. They are nicer than the houses owned by at least two of my Aunts and Uncles.

Two bedrooms is a little small in modern terms, but they'd make decent housing for single adult roommates and some of these houses have to have at least three bedrooms. Also, some couples have no children or only one child and could probably make a two bedroom work.


It's Detroit, and there are black people plainly visible in the area on Google Street View. Ergo, it must be post-apocalyptic.

24 Apr 2012 01:44 PM
Reply
Lunaville     
RickyWilliams'sBong: Lunaville: dletter: Link, if you'd like to check out the neighborhood

I don't get it. Unless the school is a euphemism for a holding pen until they're old enough to go to a for-profit prison, this neighborhood looks decent. The houses are actually slightly nicer than the one my parents owned. They are nicer than the houses owned by at least two of my Aunts and Uncles.

Two bedrooms is a little small in modern terms, but they'd make decent housing for single adult roommates and some of these houses have to have at least three bedrooms. Also, some couples have no children or only one child and could probably make a two bedroom work.

It's Detroit, and there are black people plainly visible in the area on Google Street View. Ergo, it must be post-apocalyptic.


That's depressing.

Hey Northerners, ya'll are supposed to be less racist than the south, remember?

I always suspected that was myth.

24 Apr 2012 01:51 PM
Reply
Omis     
buy it for the land and wait until the area gets developed.

24 Apr 2012 02:55 PM
Reply
beta_plus     
Hey, that's up from $1. That's good news! The recovery is just around the corner.

24 Apr 2012 03:12 PM
Reply
dmars     
Jacobin: WTF does this mean?

Taxes:
2011 Winter - $216.11
2011 Summer - $2,381.34
2010 Winter - $245.59
2010 Summer - $3,696.64


That still seem awfully expensive. Don't most places have about 1% of assessed price with some other stuff tacked on. Those taxes seem ridiculous for that house.

24 Apr 2012 03:14 PM
Reply
New Age Redneck     
Funny, I rent a 2 bedroom house here in the (middle of nowhere BC) Kootenays for $450. OK it's not the Taj Mahal, but it is a place to live. I get to do all the things the rich folks who have moved here do, just no granite counter tops. Got a garden and fruit trees.

24 Apr 2012 03:21 PM
Reply
ole prophet     
Tear em down to the pipes and sell the land. If you want housing to fine a bottom you need to eliminate the supply.

24 Apr 2012 04:05 PM
Reply
Starfly     
Jubeebee: Any Detroiters want to comment on the Five Points neighborhood this is in? On a scale of one to The Road, how bad is this area?

I work one mile, give or take, from this location. I am north of 8 mile.

There are some skeevy parts southeast of where I work, especially in that neighborhood.

Let's put it this way, there is a place of business my friend works at, high end server electronics about 2 miles east of there. There are 6 guns in that facility with cameras on every angle of the building.

24 Apr 2012 04:16 PM
Reply
beta_plus     
sure haven't: Jubeebee: Any Detroiters want to comment on the Five Points neighborhood this is in? On a scale of one to The Road, how bad is this area?

I live in Windsor. When I got here a couple years ago, I was warned to stay away from 7 mile, 8 mile, and 9 mile. This is in 7 mile area, so I would say it's almost about The Road (which made me laugh by the way) (your comment that is, not the movie).


If you don't want to mess with this guy, I'd stay away:

2.bp.blogspot.com

/everybody owes, everybody pays

24 Apr 2012 04:17 PM
Reply
Linux_Yes     
and the Bankers/Banks are laughing all the way to the bank. isn't Freedom great!

24 Apr 2012 04:19 PM
Reply
Starfly     
Lunaville: RickyWilliams'sBong: Lunaville: dletter: Link, if you'd like to check out the neighborhood

I don't get it. Unless the school is a euphemism for a holding pen until they're old enough to go to a for-profit prison, this neighborhood looks decent. The houses are actually slightly nicer than the one my parents owned. They are nicer than the houses owned by at least two of my Aunts and Uncles.

Two bedrooms is a little small in modern terms, but they'd make decent housing for single adult roommates and some of these houses have to have at least three bedrooms. Also, some couples have no children or only one child and could probably make a two bedroom work.

It's Detroit, and there are black people plainly visible in the area on Google Street View. Ergo, it must be post-apocalyptic.

That's depressing.

Hey Northerners, ya'll are supposed to be less racist than the south, remember?

I always suspected that was myth.


Detroit suburbs can actually be quite rascist.

/and with how detroit turned out after all the whiteys left in the 70's, who can blame them
//so kidding, sort of, you should have heard my Grandma who lived in Detroit her entire life until near the end.

24 Apr 2012 04:23 PM
Reply
aiiee    [TotalFark]  
Lunaville: dletter: Link, if you'd like to check out the neighborhood

I don't get it. Unless the school is a euphemism for a holding pen until they're old enough to go to a for-profit prison, this neighborhood looks decent. The houses are actually slightly nicer than the one my parents owned. They are nicer than the houses owned by at least two of my Aunts and Uncles.

Two bedrooms is a little small in modern terms, but they'd make decent housing for single adult roommates and some of these houses have to have at least three bedrooms. Also, some couples have no children or only one child and could probably make a two bedroom work.


The neighbors are mostly violent criminals, and their kids are worse. You will get raped, and so will your dog.

24 Apr 2012 05:39 PM
Reply
aiiee    [TotalFark]  
Oh, and if this house still has city services, like police and fire protection, it won't for long.

24 Apr 2012 05:41 PM
Reply
slam_to     
$500, that's expensive!

This house (also in Detroit) is listed at $1, a bit of a fixer-upper:

http://www.century21town-country.com/ Property/MI/48213/Detroit/5821_G A RLAND

24 Apr 2012 05:44 PM
Reply
tomcatadam     
beta_plus: Hey, that's up from $1. That's good news! The recovery is just around the corner.

This.
There have been a good number of documentaries on Detroit detailing how several neighborhoods consist of houses going for $1 a piece.
I've always wondered about the viability of setting up a large data center.

24 Apr 2012 05:52 PM
Reply
meyerkev     
tomcatadam: beta_plus: Hey, that's up from $1. That's good news! The recovery is just around the corner.

This.
There have been a good number of documentaries on Detroit detailing how several neighborhoods consist of houses going for $1 a piece.
I've always wondered about the viability of setting up a large data center.


It's $1 + demo costs + cleanup costs + rebuilding costs + several thou in back taxes. The $1 (or even $500) is such a small percentage of that that it's not even funny.

24 Apr 2012 06:14 PM
Reply
grimlock1972     
"Cause in the real world there shutting Detroit down
While the boss man takes his bonus pay and jets out of town/
And DC's bailing out the bankers as the farmers auction ground,
Yeah while they're living it up on Wall Street in that New York City town,
Here in the real world there shuttin Detroit down.
They're shuttin Detroit down."

That is all.

24 Apr 2012 06:14 PM
Reply
Lsherm    [TotalFark]  
Just down the road past the high school, someone gives a shiat about their house:

Link

img9.imageshack.us

I'd move next to THAT person. They care so much they paid to put in new sidewalk in addition to their driveway.

24 Apr 2012 06:25 PM
Reply
BetaFlame     
tomcatadam: beta_plus: Hey, that's up from $1. That's good news! The recovery is just around the corner.

This.
There have been a good number of documentaries on Detroit detailing how several neighborhoods consist of houses going for $1 a piece.
I've always wondered about the viability of setting up a large data center.


There's tons of random arson, and you're going to need people to physically live there.

Not to mention security for people breaking in and trying to steal stuff.

Copper thieves taking out power/internet...

Cheaper to be somewhere else.

24 Apr 2012 06:25 PM
Reply
cherryl taggart     
I'm still reeling over the taxes for that little house. My house is 2500sq ft, with an unfinished basement, and my taxes are lower than the ones posted in the article.

24 Apr 2012 06:51 PM
Reply
aiiee    [TotalFark]  
Take a drive down Michigan Ave, one of Detroit's biggest thorofares and enjoy midday sights such as hookers, people randomly pissing into the street from the sidewalk, and the lovely streetlights, easy and every one having had their wiring, *all* their wiring ripped out for salvage..........years ago, and still missing.


YAY!

24 Apr 2012 06:53 PM
Reply
Anagrammer     
If only there were someway to reduce crime and simultaneously encourage businesses and people to come to a city...

24 Apr 2012 08:35 PM
Reply
dustman81    [TotalFark]  
When is Detroit going to realize that their town is shrinking? Youngstown, OH did and starting tearing down all of the old, abandoned houses. By getting rid of the old housing, it helps stop decay that drives down the property values for those who still do live there.

24 Apr 2012 08:50 PM
Reply
Ontos     
Linux_Yes: and the Bankers/Banks are laughing all the way to the bank. isn't Freedom great!

Are you on some new meds or something? You seem to almost be back to using caps like a normal person instead of some kinda weird socialist e.e. cummings type thing you had going on.

24 Apr 2012 10:15 PM
Reply
Turbo Cojones     
Lunaville: dletter: Link, if you'd like to check out the neighborhood

I don't get it. Unless the school is a euphemism for a holding pen until they're old enough to go to a for-profit prison, this neighborhood looks decent. The houses are actually slightly nicer than the one my parents owned. They are nicer than the houses owned by at least two of my Aunts and Uncles.

Two bedrooms is a little small in modern terms, but they'd make decent housing for single adult roommates and some of these houses have to have at least three bedrooms. Also, some couples have no children or only one child and could probably make a two bedroom work.


Plus you get a basement

24 Apr 2012 11:06 PM
Reply
Showing 1-50 of 63 comments
Refresh Page 2
This thread is closed to new comments.


Back To Business

More Headlines:
Main | Sports | Business | Geek | Entertainment | Politics | Video | FarkUs | Contests | Fark Party