Median Detroit home: $7,500
Monday, March 02, 2009Advertisement
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If you're having trouble affording your current mortgage, you can always move to Detroit… where you can buy a home outright without maxing out your credit card.
As the Detroit carmakers spiral into disaster, the city's economy follows. According to the article:
One-third of the population lives in poverty, and almost 50 percent of children are in poverty, according to data from the Detroit-Area Community Indicators System. Median household income has dropped 24 percent since 2000, according to the Census Bureau.
Even the murder rate is falling…
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Monday, 2 March 2009
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