Thursday, June 18, 2009
With white flight comes cheap housing
One good thing about white flight is that housing prices in Detroit have dropped considerably. You can get a stripped down crapshack for less than $1k according to this CNN article. You'll have to replace all the wiring and most of the inside, but you're still get property for pennies on the dollar. Hopefully hard working people will move in to help revitalize the city.