Friday, April 6, 2007
After yesterday’s stitch-up, here’s some good news!!!
The mortgage crisis in America has deepened so much that family homes can now be bought for less than £15,200 - the price of a new car. A four-bedroom home near the original Motown recording studio in Detroit recently sold for £3,700 ($7,000), less than most used cars. A boarded-up bungalow fetched £685, and a three-bedroom house listed for £276,000 attracted just £69,000.