Detroit Houses for Sale

[skeltoac]

http://www.zillow.com/homes/for_sale/Detroit-MI/fsba,fsbo,new_lt/house_type/17762_rid/3-_beds/80000-450000_price/314-1771_mp/pricea_sort/42.370356,-82.983406,42.348887,-83.006365_rect/14_zm/_fm/0_mmm/

[mikestew]

I realize that Zillow's "Zestimate" isn't exact in a lot of cases, but even at those firesale prices there appears to be a large gap between the asking price and the Zestimate.

Me, you could give me the house and I still wouldn't live in Detroit.

[jmathai]

There appears to be a bit of crime in the area (shootings, specifically). Much of which has happened in the last 2 months.

http://spotcrime.com/mi/detroit

Coupled with Detroit filing bankruptcy it'd be interesting to see if that creates more opportunity in the area; thereby decreasing crime.

[silisili]

Yeah, not going to happen. Those prices are insane by Detroit standards. The next big move will be to the west, where land is little more than free. Why fix a heavily indebted society when you can create your own for pennies on the dollar.