I went on a Detroit house hunt a couple weeks ago, armed with twenty addresses I found on realtor.com. I wasn't planning on buying anything just yet, though it's tempting when some of the homes are priced like an inexpensive TV; I just wanted to get a better sense of what I could get for my money. But just a little bit of my money.
The houses I saw were throughout the city and ranged in price from $555 to $10,000. I was hoping I'd walk away with an understanding of differences between the two extremes. Are the houses priced at $10,000 in fairly good shape (that's relative) and in a decent city neighborhood? Are the houses priced at $500 bombed out with no windows, roof, plumbing, etc. in a neighborhood that no longer exists? I wanted to find out.
I didn't. We saw houses with boarded up windows, doors left open to the elements, and crumbling front porches located on streets with only one or two live-able homes left priced at the upper range and houses, from outside appearances, nicely maintained and seemingly live-able in well populated, functioning neighborhoods priced at the low range.
There just wasn't any apparent logic to the prices, which was disappointing given what I wanted to get out of the trip, but it was really cool to spend a lot of time driving through Detroit's residential areas. Driving around and experiencing the extremes of Detroit is all at once depressing, motivating, inspiring, hopeful, and humbling. I hope to get back soon for a second round of hunting with someone who knows more.
Anyone interested in buying a full city block in America's 11th largest city?
Picture from http://guestofaguest.com/sports/po-town-detroits-pontiac-silverdome-sold-for-a-song/
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