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Realistbear

Detroit Anyone? H P C Drops Detached Homes To $59k

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http://www.usatoday.com/money/economy/hous...e-detroit_x.htm

Detroit: Thousands of homes swamp the market
Posted 8/15/2006 2:24 AM ET
By Noelle Knox, USA TODAY
When General Motors sneezes, the saying goes, the nation gets a cold. But now it looks as though U.S. automakers have the flu, and the Detroit real estate market is in intensive care. The symptoms: Nearly 7,000 homes, more than a year's worth, are up for sale; 7,422 homes in the county are in foreclosure (that figure swelled by 39% in July alone); and prices from January through June are down 6.6% from the same period last year.

See picture of fairly decent detached house for $59k--£32k. When the cycle brings unemployment to our shores with greater force than the slight declines we have seen to date..... :o

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http://www.usatoday.com/money/economy/hous...e-detroit_x.htm

Detroit: Thousands of homes swamp the market
Posted 8/15/2006 2:24 AM ET
By Noelle Knox, USA TODAY
When General Motors sneezes, the saying goes, the nation gets a cold. But now it looks as though U.S. automakers have the flu, and the Detroit real estate market is in intensive care. The symptoms: Nearly 7,000 homes, more than a year's worth, are up for sale; 7,422 homes in the county are in foreclosure (that figure swelled by 39% in July alone); and prices from January through June are down 6.6% from the same period last year.

See picture of fairly decent detached house for $59k--£32k. When the cycle brings unemployment to our shores with greater force than the slight declines we have seen to date..... :o

that big one is fairly saucy at 8.5 mill. And what exactly is 1/2 a bathroom. (I suppose 1/2 an american bathroom is about the same size as 3 brit ones, but whats in it)

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that big one is fairly saucy at 8.5 mill. And what exactly is 1/2 a bathroom. (I suppose 1/2 an american bathroom is about the same size as 3 brit ones, but whats in it)

A "half bath" usually refers to a sink & kazi but without a shower/bath.

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http://www.usatoday.com/money/economy/hous...e-detroit_x.htm

Detroit: Thousands of homes swamp the market
Posted 8/15/2006 2:24 AM ET
By Noelle Knox, USA TODAY
When General Motors sneezes, the saying goes, the nation gets a cold. But now it looks as though U.S. automakers have the flu, and the Detroit real estate market is in intensive care. The symptoms: Nearly 7,000 homes, more than a year's worth, are up for sale; 7,422 homes in the county are in foreclosure (that figure swelled by 39% in July alone); and prices from January through June are down 6.6% from the same period last year.

See picture of fairly decent detached house for $59k--£32k. When the cycle brings unemployment to our shores with greater force than the slight declines we have seen to date..... :o

Major downside is you have to live in Detroit to take advantage of the slump... ;)

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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