Buying a House for $1
Finance August 14th. 2008, 11:52am
(via The Detroit News.)
Most of you may know that the housing market in the US has gone crazy. The housing price has dropped very significantly in the last few months. For those who live in North America, you may hear about foreclosure almost everyday in the news.
I know that houses in some US cities are even cheaper than cars. Interestingly, today I read in the news that a bank has just sold his house in Detroit for $1. Yes, it is really $1.
Put on the market in January for $1,100, the house had no lookers other than the squatters who sometimes stayed there at night. Facing $4,000 in back taxes and a large unpaid water bill, the bank that owned the property lowered the price to $1.
August 20th, 2008 at 4:27 am
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August 20th, 2008 at 6:44 am
@Cord: Yes, it should be working correctly. Try this link, http://life.antonypranata.com/feed/