Houses cheaper than cars?????

[MERCMAN]

Anyone want to move to Detroit?????

http://news.yahoo.com/s/nm/20070319/ts_nm/usa_subprime_detroit_dc

[KillJoy]

Anyone want to move to Detroit?????

Uhhhh....No.



It also stands as a case study in the economic pain from a housing bust as analysts consider whether a developing crisis in mortgages to high-risk borrowers will trigger a slowdown in the broader U.S. economy.


This is happening EVERYWHERE, not just in Detroit!

KillJoy

[Bluerauder]

Anyone want to move to Detroit?????

http://news.yahoo.com/s/nm/20070319/ts_nm/usa_subprime_detroit_dc
Might be a great investment ..... :dunno:

Something similar happened in Baltimore back in the mid-1970's. The entire area around the harbor and the South Baltimore area was completely run down. In fact, some of the houses were taken over by the city and offered for just $1.00. The catch was that you had to live there and renovate the property. Those houses are sitting on prime real estate today right in the heart of the revitalized Harbor Place within walking distance of the National Aquarium, Maryland Science Museum, Camden Yards, Ravens Stadium and some of the best food and entertainment venues on the east coast. Some of those places go for $500K to over $1 Million.

Not a bad return on a buck. :D

Visitors to Maraudeville V will have a chance to see Baltimore and Harbor Place first hand as we "cruise" the harbor on the Bay Lady or Lady Baltimore. Come on down. :up:

[O's Fan Rich]

The term "House of Cards" aptly describes our financial system.

[Bigdogjim]

Please no HOUSE threads..............:rofl:

Morrisville, Pa. is worst then Detroit.

[RCSignals]

i just read that the Downtown Eastside of Vancouver BC is the poorest most run down in North America.
I find it hard to believe, but there you go

[Dr Caleb]

i just read that the Downtown Eastside of Vancouver BC is the poorest most run down in North America.
I find it hard to believe, but there you go

Yea, I don't buy that ethier. East Hastings is a desperate place, but compared to places like Tijiuana?

[96DiamondVIII]

Might be a great investment ..... :dunno:

Something similar happened in Baltimore back in the mid-1970's. The entire area around the harbor and the South Baltimore area was completely run down. In fact, some of the houses were taken over by the city and offered for just $1.00. The catch was that you had to live there and renovate the property. Those houses are sitting on prime real estate today right in the heart of the revitalized Harbor Place within walking distance of the National Aquarium, Maryland Science Museum, Camden Yards, Ravens Stadium and some of the best food and entertainment venues on the east coast. Some of those places go for $500K to over $1 Million.


Apparently that's still the case in parts of Baltimore...a friend of mine bought a row house near Camden Yards in 2004 for around $120K and now it's worth well over $200K and still going up...not exactly a $500K return on 1.00 but still quite the deal.

[chader]

i just read that the Downtown Eastside of Vancouver BC is the poorest most run down in North America.
I find it hard to believe, but there you go
POOREST MOST RUN DOWN COMPARED TO WHAT...WHAT WERE YOU READING?THE ECONOMY IN BC AND ALBERTA IS OUT OF CONTROL...MAYBE THERE IS LOTS OF SCUM DOWN THERE BECAUSE OF THE HIGH ECONOMY AND PEOPLE CON'T AFFORD TO BUY A HOUSE?????

[RCSignals]

POOREST MOST RUN DOWN COMPARED TO WHAT...WHAT WERE YOU READING?THE ECONOMY IN BC AND ALBERTA IS OUT OF CONTROL...MAYBE THERE IS LOTS OF SCUM DOWN THERE BECAUSE OF THE HIGH ECONOMY AND PEOPLE CON'T AFFORD TO BUY A HOUSE?????

Read it in the Globe and Mail and other Canadian sources.

[RUSTY]

i just read that the Downtown Eastside of Vancouver BC is the poorest most run down in North America.
I find it hard to believe, but there you go


I was there last summer after a nine year absence and i could not believe how run down that part of town has become. however the rest of Vancouver is booming.