This article in the Chicago Tribune states the median price of a home sold in Detroit in December was $7,500 (no, that’s not a typo):
http://www.chicagotribune.com/news/nationworld/chi-detroit-housingjan29,0,6397784,print.story
I suppose when you think things are bad where you’re at, there’s always something worse out there. In any event, this could spell detroit's single-biggest opportunity to overall itself.
Stay tuned to see how they handle the lemons they've been handed...
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