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(Detroit Free Press)   Not News: Demand for $1 million homes soaring. Fark: In Detroit   (freep.com ) divider line
    More: Unlikely, Detroit, green buildings, field Hills, Macomb County, Sergio Marchionne, Oakland County, Detroit Free Press, KIMBERLY P. MITCHELL  
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5397 clicks; posted to Main » on 30 Dec 2012 at 10:34 AM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Smartest)
View Voting Results: Smartest and Funniest

2012-12-30 08:38:37 AM  
3 votes:
News: None of the houses were in Detroit.
2012-12-30 11:02:38 AM  
2 votes:
This is what happens 3-4 years after the federal government pumps billions of dollars into the auto industry...
2012-12-30 11:02:08 AM  
2 votes:
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 10:50:19 AM  
2 votes:

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 12:19:30 PM  
1 vote:
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 11:39:15 AM  
1 vote:
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 11:37:30 AM  
1 vote:
More propaganda by the National Association of Realtors.
2012-12-30 11:21:58 AM  
1 vote:

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 10:43:17 AM  
1 vote:
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 10:42:04 AM  
1 vote:
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 08:56:47 AM  
1 vote:

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 08:43:14 AM  
1 vote:
1.bp.blogspot.com
 
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