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Cheap ER living quarters available
03-02-2009, 02:11 PM
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#1
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Location: No fixed abode
Posts: 8,765
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Cheap ER living quarters available
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
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03-02-2009, 02:21 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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 Quote:
Originally Posted by harley
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Another benfit is that you can probably increase your SWR due to lessened life expectancy. 
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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03-02-2009, 02:26 PM
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#3
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Recycles dryer sheets
Join Date: Feb 2009
Location: Canada
Posts: 81
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I'm from North of the border and I've never visited Detroit. I met with a colleague at a conference a year ago that was from there. He doesn't live there any more stating 'I don't feel safe in Detroit anymore'.
Are there good places to live in Detroit? Are the houses there selling extremely cheaply as well?
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03-02-2009, 02:35 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Posts: 12,880
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The median price of a home sold in Detroit in December was $7,500, according to Realcomp, a listing service.
Not $75,000. Remove a zero—it's seven thousand five hundred dollars, substantially less than the lowest-price car on the new-car market.
How could it be that low?
__________________
Al
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03-02-2009, 03:11 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Jul 2007
Location: St. Louis
Posts: 1,563
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03-02-2009, 03:11 PM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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I am amazed that this has taken so long. Eventually many estadounidenses who can afford it will live like many South Americans who can afford it- behind high walls, gates, and razor wire, or in city high rises with quality security.
Sorry for the Spanish term, but I get tired of people pointing out that we are not the only Americans, or the only North Americans. Well duh! But I know no reasonable English word-United Statesians?)
Many urban area home values may never recover from this housing bust, at least in real terms.)
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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03-02-2009, 04:04 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,588
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Don't get too excited, ha.
I thought about this just this morning. Nuts to Latin Americans who say they are Americans, too. When someone asks them, where are they from, do they identify themselves as Americans? Not bloody likely. People from the United States of Mexico identify themselves as Mexicans. Why the h*** is it not legitimate for me to identify myself as an American (as in United States of America).
In any case, I understand that houses have been trading in Buffalo, NY, for what is owed in taxes for years. I would not want to live in such a house. I seen 'em.
__________________
I have outlived most of the people I don't like and I am working on the rest.
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03-02-2009, 04:06 PM
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#8
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gone traveling
Join Date: May 2008
Posts: 3,864
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Quote:
Originally Posted by rec7
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hmmm... $200 for the house with $1000 bonus for the sellling agent. Looks like someone could make a quick $800, then quitclaim it over to the city....
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03-02-2009, 04:48 PM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Posts: 12,880
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Yeah, but that $1/month mortgage is just a low teaser rate.
__________________
Al
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03-02-2009, 05:33 PM
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#10
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Thinks s/he gets paid by the post
Join Date: Jan 2004
Posts: 1,502
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The rich people in live in Gross Pointe and Ann Arbor.
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03-02-2009, 05:38 PM
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#11
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Moderator Emeritus
Join Date: Feb 2005
Location: San Diego
Posts: 5,267
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Quote:
Originally Posted by TromboneAl
Yeah, but that $1/month mortgage is just a low teaser rate.
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LMAO! My office buddies now know I wasn't doing work right then. 
So in theory, one could buy a whole block for $75k, put in $25k of security "features" (Razor Wire, Security Cameras etc.) and live like "The Duke" in Escape from New York!
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03-02-2009, 07:53 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Aug 2002
Posts: 1,322
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This could really limit qualified buyers:
"PROOF OF FUNDS OR PRE-APPROVAL MUST ACCOMPANY ALL OFFERS."
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