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(Some Cheap Guy)   Q: How bad is the housing bust hitting Detroit? A: $500 for a 2 bedroom house bad   (bge-detroit.com) divider line 63
    More: Sad, subprime mortgage crisis, bedrooms  
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4117 clicks; posted to Business » on 24 Apr 2012 at 11:24 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-04-24 11:30:44 AM  
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?
 
2012-04-24 11:32:21 AM  
Can't be too bad, if the taxes are five times the selling price.
 
2012-04-24 11:37:16 AM  
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.
 
2012-04-24 11:39:23 AM  
Now, now, lay off Detroit. Them people is living in Mad Max times.
 
ZAZ [TotalFark]
2012-04-24 11:44:00 AM  
Keep reading:

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

$375 CLOSING COST FOR CASH PURCHASES
 
2012-04-24 11:50:53 AM  
I'd buy a $500 house.

But they'd have to excuse the taxes.
 
2012-04-24 12:07:29 PM  
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.
 
2012-04-24 12:09:58 PM  
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?!?!
 
2012-04-24 12:26:31 PM  

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).
 
2012-04-24 12:36:19 PM  

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.
 
2012-04-24 12:36:26 PM  

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.
 
2012-04-24 12:44:01 PM  

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.
 
2012-04-24 12:44:26 PM  
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.
 
2012-04-24 12:47:42 PM  

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
 
2012-04-24 12:50:58 PM  
500$

Subby, get it right. On Fark, it's properly written "$500 dollars".
 
2012-04-24 12:56:17 PM  
WTF does this mean?

Taxes:
2011 Winter - $216.11
2011 Summer - $2,381.34
2010 Winter - $245.59
2010 Summer - $3,696.64
 
2012-04-24 12:59:05 PM  

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?
 
2012-04-24 01:12:23 PM  
 
2012-04-24 01:12:47 PM  
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.
 
2012-04-24 01:15:26 PM  

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.
 
2012-04-24 01:17:25 PM  
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.
 
2012-04-24 01:26:41 PM  
How retarded is subby?

FIRE DAMAGED, CONTRACTORS SPECIAL

That retarded.
 
2012-04-24 01:33:46 PM  

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.
 
2012-04-24 01:36:31 PM  
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.
 
2012-04-24 01:36:52 PM  
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.
 
2012-04-24 01:44:18 PM  

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.
 
2012-04-24 01:51:08 PM  

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.
 
2012-04-24 02:55:32 PM  
buy it for the land and wait until the area gets developed.
 
2012-04-24 03:12:15 PM  
Hey, that's up from $1. That's good news! The recovery is just around the corner.
 
2012-04-24 03:14:54 PM  

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.
 
2012-04-24 03:21:51 PM  
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.
 
2012-04-24 04:05:04 PM  
Tear em down to the pipes and sell the land. If you want housing to fine a bottom you need to eliminate the supply.
 
2012-04-24 04:16:05 PM  

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.
 
2012-04-24 04:17:06 PM  

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
 
2012-04-24 04:19:23 PM  
and the Bankers/Banks are laughing all the way to the bank. isn't Freedom great!
 
2012-04-24 04:23:17 PM  

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.
 
2012-04-24 05:39:15 PM  

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.
 
2012-04-24 05:41:36 PM  
Oh, and if this house still has city services, like police and fire protection, it won't for long.
 
2012-04-24 05:44:44 PM  
$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
 
2012-04-24 05:52:15 PM  

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.
 
2012-04-24 06:14:35 PM  

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.
 
2012-04-24 06:14:42 PM  
"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.
 
2012-04-24 06:25:13 PM  
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.
 
2012-04-24 06:25:25 PM  

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.
 
2012-04-24 06:51:15 PM  
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.
 
2012-04-24 06:53:28 PM  
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!
 
2012-04-24 08:35:36 PM  
If only there were someway to reduce crime and simultaneously encourage businesses and people to come to a city...
 
2012-04-24 08:50:22 PM  
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.
 
2012-04-24 10:15:02 PM  

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.
 
2012-04-24 11:06:57 PM  

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
 
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