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(Detroit Free Press)   Not News: Demand for $1 million homes soaring. Fark: In Detroit   (freep.com) divider line 59
    More: Unlikely, Detroit, green buildings, field Hills, Macomb County, Sergio Marchionne, Oakland County, Detroit Free Press, KIMBERLY P. MITCHELL  
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5368 clicks; posted to Main » on 30 Dec 2012 at 10:34 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-12-30 08:38:37 AM
News: None of the houses were in Detroit.
 
2012-12-30 08:43:14 AM
1.bp.blogspot.com
 
2012-12-30 08:56:47 AM

CruiserTwelve: News: None of the houses were in Detroit.


And 45 of the 57 pics were of the same house - that is currently for sale.
 
2012-12-30 10:39:29 AM
So, this is a mil in real money and NOT Monopoly money?
 
2012-12-30 10:39:47 AM
Detroit ROCK CITY!
 
2012-12-30 10:40:42 AM

cmunic8r99: CruiserTwelve: News: None of the houses were in Detroit.

And 45 of the 57 pics were of the same house - that is currently for sale.


I would have loved to seen this be a "Old houses that were million Dollar NON McManshions were bought and rehabbed in Detroit"
 
2012-12-30 10:42:04 AM
All but 16 of the sales this year were in Oakland County, including the chart-topping $4.5-million deal in Bloomfield Township and a $3.9-million castle-like mansion with nine bathrooms on a private peninsula that Sergio Marchionne, the Chrysler andFiat CEO, snapped up in February.

So they weren't in Detroit proper or even Wayne County. They were in the well-to-do suburbs to the north of Detroit.

Clearly this is a shock to no one.
 
2012-12-30 10:42:35 AM

Anthracite: cmunic8r99: CruiserTwelve: News: None of the houses were in Detroit.

And 45 of the 57 pics were of the same house - that is currently for sale.

I would have loved to seen this be a "Old houses that were million Dollar NON McManshions were bought and rehabbed in Detroit"


My first thought was that they were rehabbing that neighborhood off of Woodward--Edison Village? Or something like that, I think. An isolated enclave of old-money in downtown Detroit.
 
2012-12-30 10:43:17 AM
I'm a Michigander who works in real estate, and it's actually not as bad here as people think (though, granted, I work in what is easily the most affluent part of the state). The market, for the most part, has stabilized. There are some really, really nice houses on the market on the outer edges of Wayne county (e.g. Belleville), but the closer to you get to Detroit proper? You don't want to live there. A former coworker of mine had a house in Dearborn with her fiancee because it was cheap, and the whole thing ended up being gutted by looters (one of which her fiancee shot, and the police didn't give a damn). They ended up saying fark that and found more expensive but ultimately safer housing in Ann Arbor because she had a baby on the way and didn't want to deal with any nonsense.
 
2012-12-30 10:50:19 AM

breadprincess: I'm a Michigander who works in real estate, and it's actually not as bad here as people think (though, granted, I work in what is easily the most affluent part of the state). The market, for the most part, has stabilized. There are some really, really nice houses on the market on the outer edges of Wayne county (e.g. Belleville), but the closer to you get to Detroit proper? You don't want to live there. A former coworker of mine had a house in Dearborn with her fiancee because it was cheap, and the whole thing ended up being gutted by looters (one of which her fiancee shot, and the police didn't give a damn). They ended up saying fark that and found more expensive but ultimately safer housing in Ann Arbor because she had a baby on the way and didn't want to deal with any nonsense.


Who says no one needs van AR-15. And pit bulls.
 
2012-12-30 11:02:08 AM
Yes but what they fail to tell you is the people buying them are on welfare/HUD Housing or in a Union as those are the only ones with the money (tax payer money) to afford it.
 
2012-12-30 11:02:38 AM
This is what happens 3-4 years after the federal government pumps billions of dollars into the auto industry...
 
2012-12-30 11:05:18 AM
I'd feel funny rubbing one out to internet porn in that office shown in pic #15.
 
2012-12-30 11:09:51 AM
I've said it before and I'll say it again.

Legalize and use those abandoned buildings for growing.

Win!
 
2012-12-30 11:12:02 AM

KimNorth: Yes but what they fail to tell you is the people buying them are on welfare/HUD Housing or in a Union as those are the only ones with the money (tax payer money) to afford it.


Well, bless your heart.
 
2012-12-30 11:13:21 AM
So that means someone bought one this year?
 
2012-12-30 11:17:29 AM
Is a million dollar house in Detroit a house with $999,900 cash sitting in it?
 
2012-12-30 11:21:58 AM

KimNorth: Yes but what they fail to tell you is the people buying them are on welfare/HUD Housing or in a Union as those are the only ones with the money (tax payer money) to afford it.


You sound really well informed. Please give us more details.
 
2012-12-30 11:25:14 AM
What demands for $1 million homes might look like

i.imgur.com
 
2012-12-30 11:28:51 AM

jso2897: KimNorth: Yes but what they fail to tell you is the people buying them are on welfare/HUD Housing or in a Union as those are the only ones with the money (tax payer money) to afford it.

Well, bless your heart.

jaytkay: KimNorth: Yes but what they fail to tell you is the people buying them are on welfare/HUD Housing or in a Union as those are the only ones with the money (tax payer money) to afford it.

You sound really well informed. Please give us more details.


Geez either you two or I have not had enough coffee yet it was a joke, you know all the tax money the car companies got and all the unemployment there, lighten up.

//Hiting close to home, bad??
 
2012-12-30 11:29:38 AM

CruiserTwelve: News: None of the houses were in Detroit.


This. I thought I recognized one of those houses that is on Lakeshore in Grosse Pointe.
 
2012-12-30 11:37:30 AM
More propaganda by the National Association of Realtors.
 
2012-12-30 11:39:15 AM
www.street-tease.com

cdn.c.photoshelter.com

www.angelfire.lycos.com

3.bp.blogspot.com

www.fecalface.com

farm3.staticflickr.com
 
2012-12-30 11:41:48 AM

KimNorth: Geez either you two or I have not had enough coffee yet it was a joke, you know all the tax money the car companies got and all the unemployment there, lighten up.


You need more coffee.
 
2012-12-30 11:43:18 AM
Detroit: Where racial tension mixed in with an economy too heavily dependent on one industry that ended up going through some turbulent times resulted in the epic clusterfark that we have come to know and mock today.
 
2012-12-30 11:45:20 AM
Oh... nevermind. It was a misprint.

It was 1,000,000 1$ homes.
 
2012-12-30 11:48:10 AM
For a million dollars I'd rather have land around me, in a reasonable sized home, maybe 3000 sq ft. but not in Detroit.
 
2012-12-30 12:01:02 PM

Mrtraveler01: All but 16 of the sales this year were in Oakland County, including the chart-topping $4.5-million deal in Bloomfield Township and a $3.9-million castle-like mansion with nine bathrooms on a private peninsula that Sergio Marchionne, the Chrysler andFiat CEO, snapped up in February.

So they weren't in Detroit proper or even Wayne County. They were in the well-to-do suburbs to the north of Detroit.

Clearly this is a shock to no one.


Northville and Grosse Pointe Shores is in Wayne. This house they have listed here for Northville isn't on the water and sits about 5 feet apart from another house, I really never understood this. If I had 1.2 million dollars to spend on a house, I would find some elbow room.
 
2012-12-30 12:05:40 PM

Mrtraveler01: Detroit: Where racial tension mixed in with an economy too heavily dependent on one industry that ended up going through some turbulent times resulted in the epic clusterfark that we have come to know and mock today.


And yet you're saying the same thing......coffee for all!
 
2012-12-30 12:05:42 PM

MachineHead: Mrtraveler01: All but 16 of the sales this year were in Oakland County, including the chart-topping $4.5-million deal in Bloomfield Township and a $3.9-million castle-like mansion with nine bathrooms on a private peninsula that Sergio Marchionne, the Chrysler andFiat CEO, snapped up in February.

So they weren't in Detroit proper or even Wayne County. They were in the well-to-do suburbs to the north of Detroit.

Clearly this is a shock to no one.

Northville and Grosse Pointe Shores is in Wayne. This house they have listed here for Northville isn't on the water and sits about 5 feet apart from another house, I really never understood this. If I had 1.2 million dollars to spend on a house, I would find some elbow room.


Yea, I have that distance between myself and my neighbors, but I'm on the river. That spacing is flat-out unacceptable to me for anything on land. If I wanted to buy an expensive home I'd step an extra 10 minutes out from the suburbs in the area I was looking and pick up an extra acre.
 
2012-12-30 12:11:00 PM

MachineHead: Mrtraveler01: All but 16 of the sales this year were in Oakland County, including the chart-topping $4.5-million deal in Bloomfield Township and a $3.9-million castle-like mansion with nine bathrooms on a private peninsula that Sergio Marchionne, the Chrysler andFiat CEO, snapped up in February.

So they weren't in Detroit proper or even Wayne County. They were in the well-to-do suburbs to the north of Detroit.

Clearly this is a shock to no one.

Northville and Grosse Pointe Shores is in Wayne. This house they have listed here for Northville isn't on the water and sits about 5 feet apart from another house, I really never understood this. If I had 1.2 million dollars to spend on a house, I would find some elbow room.


3.5 miles from a gigantic landfill also.
 
2012-12-30 12:13:21 PM

breadprincess: I'm a Michigander who works in real estate, and it's actually not as bad here as people think (though, granted, I work in what is easily the most affluent part of the state). The market, for the most part, has stabilized. There are some really, really nice houses on the market on the outer edges of Wayne county (e.g. Belleville), but the closer to you get to Detroit proper? You don't want to live there. A former coworker of mine had a house in Dearborn with her fiancee because it was cheap, and the whole thing ended up being gutted by looters (one of which her fiancee shot, and the police didn't give a damn). They ended up saying fark that and found more expensive but ultimately safer housing in Ann Arbor because she had a baby on the way and didn't want to deal with any nonsense.


Okay, I don't see your point. In fact I don't see where you get your facts. My guess the houses selling, even over 1 mil, are still at a bargain price compared to 10 years ago. A cousin of mine is well off and had a house built just outside of Grand Blanc that used to be valued at 1.3 mil. We are talking a huge house with only cherry wood inside, several acres of land and is secluded. It is now valued at $800,000. She wants rid of it partly due to more break-in attempts than I have had living one block away from gang members. More expensive doesn't make it safer, just means the criminals will make their way to your house eventually. Look at the recent reports, crime is rising in suburbs with big houses and dropping where the houses are small. The criminals have learned to commute.

/the less it looks like you own, the less someone will try to take it
 
2012-12-30 12:19:30 PM
The California native authored the 2011 memoir "Nothing to Lose, Everything to Gain: How I Went from Gang Member to Multimillionaire Entrepreneur."

I'll wait for the follow-up book "How I Went from Multimillionaire Entrepreneur to Homeless Shmuck After Consumers Figured Out That Energy Drinks Are Just Overpriced Sugar Water And I Couldn't Sell The Overpriced Homes I Bought For Even Half What I Still Owed On Them"
 
2012-12-30 12:23:20 PM

lack of warmth: Look at the recent reports, crime is rising in suburbs with big houses and dropping where the houses are small. The criminals have learned to commute.

/the less it looks like you own, the less someone will try to take it



Yeah, here in Chicagoland, all the crime is in the North Shore. Lake Forest is the new Bronx.

/ Eyeroll
 
2012-12-30 12:28:31 PM

Vtimlin: 3.5 miles from a gigantic landfill also.


That is just planning ahead. It'll be a ski hill in another few years.
 
2012-12-30 12:35:00 PM

StoPPeRmobile: I've said it before and I'll say it again.

Legalize and use those abandoned buildings for growing.

Win!


Place gets use, jobs are created, taxes are collected, people get what they want without fear of deals gone bad or cops busting in

/everybody wins?
 
2012-12-30 01:24:06 PM
Detroit? they are plowing it under...
 
2012-12-30 01:49:55 PM

Mrtraveler01: All but 16 of the sales this year were in Oakland County, including the chart-topping $4.5-million deal in Bloomfield Township and a $3.9-million castle-like mansion with nine bathrooms on a private peninsula that Sergio Marchionne, the Chrysler andFiat CEO, snapped up in February.

So they weren't in Detroit proper or even Wayne County. They were in the well-to-do suburbs to the north of Detroit.

Clearly this is a shock to no one.


Actually used to live 4 blocks from the one in GPF.

/csb
 
2012-12-30 01:52:48 PM

KimNorth: jso2897: KimNorth: Yes but what they fail to tell you is the people buying them are on welfare/HUD Housing or in a Union as those are the only ones with the money (tax payer money) to afford it.

Well, bless your heart.
jaytkay: KimNorth: Yes but what they fail to tell you is the people buying them are on welfare/HUD Housing or in a Union as those are the only ones with the money (tax payer money) to afford it.

You sound really well informed. Please give us more details.

Geez either you two or I have not had enough coffee yet it was a joke, you know all the tax money the car companies got and all the unemployment there, lighten up.

//Hiting close to home, bad??


It's you! It's always you!
 
2012-12-30 01:57:48 PM
Oakland county ( Bloomfield Hills etc. ) never really experienced the cataclysmic price drop that Detroit and other areas around it did, hence the high prices.   It's a nice area, but way overbuilt and the restaurants are too expensive.
 
2012-12-30 02:00:37 PM

Brick-House:
[3.bp.blogspot.com image 850x850]


All better!
2.bp.blogspot.com
Oh, but we like the disheveled, run-down version better, don't we?
 
2012-12-30 02:35:48 PM

DownDaRiver: KimNorth: jso2897: KimNorth: Yes but what they fail to tell you is the people buying them are on welfare/HUD Housing or in a Union as those are the only ones with the money (tax payer money) to afford it.

Well, bless your heart.
jaytkay: KimNorth: Yes but what they fail to tell you is the people buying them are on welfare/HUD Housing or in a Union as those are the only ones with the money (tax payer money) to afford it.

You sound really well informed. Please give us more details.

Geez either you two or I have not had enough coffee yet it was a joke, you know all the tax money the car companies got and all the unemployment there, lighten up.

//Hiting close to home, bad??

It's you! It's always you!


Why all the hate? Did they find those two guys buried under the house?
 
2012-12-30 02:40:22 PM

2_glass_eyes: Oh, but we like the disheveled, run-down version better, don't we?


I was looking at the old version, thinking that it was in pretty good shape and could be restored fairly easily.  Glad it was, it is a beautiful house.
 
2012-12-30 02:59:48 PM

aiiee: Oakland county ( Bloomfield Hills etc. ) never really experienced the cataclysmic price drop that Detroit and other areas around it did, hence the high prices.   It's a nice area, but way overbuilt and the restaurants are too expensive.


That's not true at all. The whole area was totally devastated in terms of home price, even Oakland county.
 
2012-12-30 03:15:27 PM

KimNorth: DownDaRiver: KimNorth: jso2897: KimNorth: Yes but what they fail to tell you is the people buying them are on welfare/HUD Housing or in a Union as those are the only ones with the money (tax payer money) to afford it.

Well, bless your heart.
jaytkay: KimNorth: Yes but what they fail to tell you is the people buying them are on welfare/HUD Housing or in a Union as those are the only ones with the money (tax payer money) to afford it.

You sound really well informed. Please give us more details.

Geez either you two or I have not had enough coffee yet it was a joke, you know all the tax money the car companies got and all the unemployment there, lighten up.

//Hiting close to home, bad??

It's you! It's always you!

Why all the hate? Did they find those two guys buried under the house?


i877.photobucket.com
 
2012-12-30 04:13:12 PM
While the houses may not be in Detroit, they are close enough to Detroit to make me think this is stupid. You couldn't pay me enough to move there.
 
2012-12-30 04:33:25 PM
Shouldn't that read as one million $1 homes in Detroit?
 
2012-12-30 05:50:47 PM

balloot: aiiee: Oakland county ( Bloomfield Hills etc. ) never really experienced the cataclysmic price drop that Detroit and other areas around it did, hence the high prices.   It's a nice area, but way overbuilt and the restaurants are too expensive.

That's not true at all. The whole area was totally devastated in terms of home price, even Oakland county.


nope.
 
2012-12-30 06:13:11 PM
If you're in the right area, housing values are rising fast in the metro Detroit area.  I just sold a condo in western Wayne county for double what it was worth 3 years ago.
 
2012-12-30 07:02:16 PM

lack of warmth: breadprincess: I'm a Michigander who works in real estate, and it's actually not as bad here as people think (though, granted, I work in what is easily the most affluent part of the state). The market, for the most part, has stabilized. There are some really, really nice houses on the market on the outer edges of Wayne county (e.g. Belleville), but the closer to you get to Detroit proper? You don't want to live there. A former coworker of mine had a house in Dearborn with her fiancee because it was cheap, and the whole thing ended up being gutted by looters (one of which her fiancee shot, and the police didn't give a damn). They ended up saying fark that and found more expensive but ultimately safer housing in Ann Arbor because she had a baby on the way and didn't want to deal with any nonsense.

Okay, I don't see your point. In fact I don't see where you get your facts. My guess the houses selling, even over 1 mil, are still at a bargain price compared to 10 years ago. A cousin of mine is well off and had a house built just outside of Grand Blanc that used to be valued at 1.3 mil. We are talking a huge house with only cherry wood inside, several acres of land and is secluded. It is now valued at $800,000. She wants rid of it partly due to more break-in attempts than I have had living one block away from gang members. More expensive doesn't make it safer, just means the criminals will make their way to your house eventually. Look at the recent reports, crime is rising in suburbs with big houses and dropping where the houses are small. The criminals have learned to commute.

/the less it looks like you own, the less someone will try to take it


Um, I don't see your point either? I was saying that on the outskirts of Wayne county you can find some really nice houses in safe places on large plots of land. The closer you get to Detroit the cheaper they get and the more dangerous the neighborhoods get, what about that is so hard to understand? Believe me, no criminal is commuting all the way out to Canton or rural Belleville from downtown Detroit.
 
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