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Started By
Message
re: Detroit houses for $1 on realtor.com
Posted on 8/14/08 at 4:07 pm to Colonel Hapablap
Posted on 8/14/08 at 4:07 pm to Colonel Hapablap
quote:Well step up and put your money where your mouth is, pardner.
it seems like the land under the house would be worth more than $1. Under what circumstances could the contingent liabilities make the property worth less than zero?
1
Posted on 8/14/08 at 4:40 pm to Cold Cous Cous
if I lived there I might. At those rates, you could buy an entire section of the city for a grand or 3.
Posted on 8/14/08 at 4:53 pm to Colonel Hapablap
You wouldn't want them--trust me on that one. Detroit is more filthy than New Orleans and Oakland combined.
Posted on 8/14/08 at 5:50 pm to Martavius
quote:
I'm not sure how much of dent Detroit will put in the fim industry because the push has been to move production to right to work states to lower production costs. Something Detroit has not historically famous for.
true, but so many of the crew members work out of their LA unions that it really isn't as big of an issue as you think. The incentives related to local (Miiiichigan) spend are AMAZING.....40% tax credit across the board. That's insane, and they are already pulling a lot of business. Proudctions go where the bottom line looks the sweetest.
This post was edited on 8/14/08 at 5:52 pm
Posted on 8/14/08 at 7:34 pm to el tigre
The thing, is people just don't want to live in Detroit and their politicians aren't doing anything to help. Kilpatrick makes Nagin look like a solid mayor...
Posted on 8/14/08 at 7:39 pm to el tigre
quote:
Now, the winters will be tough to deal with for film crews but we will see.
that will be a problem for detroit.
Posted on 8/15/08 at 3:59 pm to Tiger JJ
quote:
Great investment property!!! Please contact agent for seller's addenda prior to writing offer. Please have your buyer pre-qualified with lender known to agent.
quote:
$1
i don't think i have the credit score to get $1 man
Posted on 8/15/08 at 4:21 pm to SlowFlowPro
quote:
i don't think i have the credit score to get $1 man
Just be sure to put at least 20¢ down so you don't have to pay PMI.
Posted on 8/15/08 at 4:23 pm to Cold Cous Cous
yeah i was wondering how a 30 year mortgage would work on that $1
Posted on 8/15/08 at 4:35 pm to BayouBengal
quote:
Looking at some of these pics, looks like a damn bomb went off in that city.
Well there are a lot of Muslims there...
Posted on 8/15/08 at 4:37 pm to SlowFlowPro
quote:
yeah i was wondering how a 30 year mortgage would work on that $1
Do they offer zero down financing?
Posted on 8/15/08 at 4:42 pm to Powerman
Do they offer zero down financing?
No sir. The days of zero down, super-subprime WaMu loans are over.
An FHA loan, however, will require just a $0.03 down payment.
No sir. The days of zero down, super-subprime WaMu loans are over.
An FHA loan, however, will require just a $0.03 down payment.
Posted on 8/16/08 at 9:52 am to Tiger JJ
With these properties I assume the tax lien on these properties are greater than the value?
Posted on 8/16/08 at 6:48 pm to BayouBengal
Posted on 8/17/08 at 12:04 am to MileHigh
1820 1,422 —
1830 2,222 56.3%
1840 9,102 309.6%
1850 21,019 130.9%
1860 45,619 117%
1870 79,577 74.4%
1880 116,340 46.2%
1890 205,877 77%
1900 285,704 38.8%
1910 465,766 63%
1920 993,678 113.3%
1930 1,568,662 57.9%
1940 1,623,452 3.5%
1950 1,849,568 13.9%
1960 1,670,144 −9.7%
1970 1,514,063 −9.3%
1980 1,203,368 −20.5%
1990 1,027,974 −14.6%
2000 951,270 −7.5%
Est. 2007 916,952 −3.6%
Amazing that the city has less people now than 90 years ago. Detroit has to be the most miserable major city in teh states.
1830 2,222 56.3%
1840 9,102 309.6%
1850 21,019 130.9%
1860 45,619 117%
1870 79,577 74.4%
1880 116,340 46.2%
1890 205,877 77%
1900 285,704 38.8%
1910 465,766 63%
1920 993,678 113.3%
1930 1,568,662 57.9%
1940 1,623,452 3.5%
1950 1,849,568 13.9%
1960 1,670,144 −9.7%
1970 1,514,063 −9.3%
1980 1,203,368 −20.5%
1990 1,027,974 −14.6%
2000 951,270 −7.5%
Est. 2007 916,952 −3.6%
Amazing that the city has less people now than 90 years ago. Detroit has to be the most miserable major city in teh states.
Posted on 8/17/08 at 4:09 am to AlexLSU
Moments like this make me wish I was loaded. I would feel like Detroit's messiah buying all those crappy homes and cleaning it up. Then I'd buy those homes with people in them and knock them down too. Would be a great feeling cleaning up an American city. 
Posted on 8/17/08 at 10:06 am to MileHigh
what does it cost to rent a bulldozer for a day?
Posted on 8/17/08 at 10:55 am to Colonel Hapablap
my family just had to tear down a house out in the country and people they asked said it would cost something insane like 6 figures to take care of removing the house
Posted on 8/17/08 at 11:01 am to SlowFlowPro
quote:
6 figures to take care of removing the house
does it have a health risk to it? I can't imagine it could cost that much for a bulldozer and truck to haul everything away.
Posted on 8/17/08 at 3:08 pm to C
no clue. dunno if there was an asbestos worry or what. i don't think so
they just hired some neck to do it with a tractor and trucks for a couple gs
they just hired some neck to do it with a tractor and trucks for a couple gs
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