Friday, October 24, 2008

Detroit worst hit

For sale at $1,250: the Detroit houses behind the sub-prime disaster

Haley's firm, Prime Financial Plus, has homes on its books for as little as $649 (£416). But these tend to be in poor shape, damaged by squatters, looters and vandals. For something a little classier, buyers will need to dig deep - by writing a cheque running into four figures.

Posted by mken @ 05:30 PM (712 views)
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4 thoughts on “Detroit worst hit

  • planning4acrash says:

    The FT is reporting 3rd quarter Volvo van orders at 150, down from 42,000 for the prior 12month period. 99.99% order DESTRUCTION! Pegeot also with catastrophic fall. The govt, after conspiring 2 jettison Sterling,were wise to insider trade & drop Rover!

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  • It is hard to see why American property is so cheap in comparison with ours and why people still can’t afford a $35,000 mortgage.There is more to the screw-up of the American economy than just the property market,it would appear.

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  • not quite Times online reports “Total truck orders for the quarter fell 55 per cent to 32,072.” but it is still a very very bad figure……

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  • 115 down from 41,970. Source is here. I have to admit I didn’t believe you when you said that.

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