$7,500 is Median Price for Homes in Detroit

Very sad state of affairs there.

Link

“It may be tough to get financing for a new car these days, but in Detroit you can buy a house with a credit card.”

“The median price of a home sold in Detroit in December was $7,500, according to Realcomp, a listing service.”

“Not $75,000. Remove a zero—it’s seven thousand five hundred dollars, substantially less than the lowest-price car on the new-car market.”

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