Article

2009-03-05 Home Front Economy

Detroit's Average Home Price is under $19,000

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Posted by mhw 2009-03-05 09:55|| || Front Page|| [5 views ] Top

#1 Archer actually tried to do good. The bigger problem is the inept and corrupt detroit city council. Almost every major shit-bag city in this country is democrat led.

Posted by Andy Ulusoque aka Broadhead6 2009-03-05 10:18|| 2009-03-05 10:18|| Front Page Top

#2 Urban sprawl not working? Consider an alternative.

Posted by Besoeker 2009-03-05 10:26|| 2009-03-05 10:26|| Front Page Top

#3 no worries Detroit. Give Obama a few more months and 19,000 will be right in line with the National Average.

Posted by airandee 2009-03-05 11:19|| 2009-03-05 11:19|| Front Page Top

#4 As Broadhead6 mentioned, Dennis Archer was a decent guy, quite unlike his predecessor Coleman Young. He doesn't deserved to be lumped in together with those other two crooks.

Posted by SteveS 2009-03-05 11:53|| 2009-03-05 11:53|| Front Page Top

#5 Are they counting empty lots and ruins?

Posted by Mitch H.">Mitch H. 2009-03-05 11:54|| http://blogfonte.blogspot.com/]">[http://blogfonte.blogspot.com/] 2009-03-05 11:54|| Front Page Top

#6 $10,000 to demolish each vacant house

Just browsing through Detroit real estate. Surely the underlying land values have to be multiples of these prices, or am I missing something from a down under perspective?

Posted by tipper 2009-03-05 12:57|| 2009-03-05 12:57|| Front Page Top

#7 The intrinsic value is whatever your life insurance policy pays out. Be sure to get the double indemnity clause for unnatural death.

Posted by ed 2009-03-05 13:02|| 2009-03-05 13:02|| Front Page Top

#8 Besoeker, are you saying they should remove all those empty structures and start planting sweet potatoes in Detroit? Might be a good idea. When a city stops working, condemn it, disincorporate it, tear it down and convert it to farm land. It'd give the unemployed who still live there something to do. New Orleans might be another good candidate for that kind of a program.

Posted by Ebbang Uluque6305 2009-03-05 13:03|| 2009-03-05 13:03|| Front Page Top

#9 No demand for the houses or the land Tipper, and there could be back-taxes to be paid as well. No one wants to live there. Selling property near Chernobyl would prove more lucrative than Detroit.

Posted by Besoeker 2009-03-05 13:08|| 2009-03-05 13:08|| Front Page Top

#10 "Planning and Development Department director Doug Diggs"

YJCMTSU!

Posted by no mo uro 2009-03-05 13:44|| 2009-03-05 13:44|| Front Page Top

#11 i wouldn't live there if tey where free

Posted by rabid whitetail 2009-03-05 14:28|| 2009-03-05 14:28|| Front Page Top

#12 It'd give the unemployed who still live there something to do.

You're missing the point. Most of these folks don't want to do anything. Like other indigents around the country, they probably get housing, cash and food stamp benefits worth about $800 each.

Posted by Zhang Fei 2009-03-05 18:21|| http://timurileng.blogspot.com]">[http://timurileng.blogspot.com] 2009-03-05 18:21|| Front Page Top

#13 Like i've said before. Time for a land value tax.

Posted by Bright Pebbles the flatulent 2009-03-05 19:10|| 2009-03-05 19:10|| Front Page Top

#14 Ummm, I pay a land tax every year, the county gets it.

Posted by Redneck Jim"> Redneck Jim 2009-03-05 19:55|| 2009-03-05 19:55|| Front Page Top

#15 A stim project as an alternative storage site to Yucca? :)

Posted by Procopius2k 2009-03-05 19:56|| 2009-03-05 19:56|| Front Page Top

#16 Prices in Detroit are then too high. True value is negative, i.e. cost of demolition & paperwork. Much of Detroit is bulldozer-ready. Wait until they pay you enough to justify the cost of demolition with something left over.

Posted by Anguper Hupomosing9418 2009-03-05 23:28|| 2009-03-05 23:28|| Front Page Top

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