One Dollar Homes - Is this a Joke or is There a Catch?
- Thread starter aeliodon
- Start date
I looked at buying cheap houses in Detroit, and the Realtor told me you must sign a contract (cant remember who with, i think the city) that says you will fix up the house and obtain an occupancy permit within a certain number of months. Its not like you can just buy them and sit on them.
The joke and the catch in two words, Mayor Kwame!
are there any back taxes on the house?
so your telling me i cant buy the house for $1 do a 30 year mortage and sit on it?
Bill "Yoga" Gross has a friend with a solution to the housing crisis...
"One of the wisest men I know has this serious but admittedly impractical solution: have the government buy one million new/unoccupied homes, blow them up, and then start all over again."
http://www.pimco.com/LeftNav/Featur...t+Outlook+Bill+Gross+Mooooooo+August+2008.htm
With friends like that, who needs 3 zillion dollars?
"One of the wisest men I know has this serious but admittedly impractical solution: have the government buy one million new/unoccupied homes, blow them up, and then start all over again."
http://www.pimco.com/LeftNav/Featur...t+Outlook+Bill+Gross+Mooooooo+August+2008.htm
With friends like that, who needs 3 zillion dollars?
A repeat of 2004 and 2006 hurricane season would be great for housing and employment right now. Category 4 or 5 direct hit on Miami, Ft Myers, and Tampa region.
2004 storms strained raw materials, labor and housing in Florida and the US and 2006 started the energy bubble. Little attention is given to the consequenses of these historic storm seasons.
2004 storms strained raw materials, labor and housing in Florida and the US and 2006 started the energy bubble. Little attention is given to the consequenses of these historic storm seasons.