Posted by dhermesc on June 20, 2016 at 15:11:14 from (24.248.193.103):
In Reply to: Re: Todays funny posted by CenTex Farmall on June 20, 2016 at 14:34:33:
Actually its a lot more than half.
In 1950 there were 1.8 MILLION people living there, today there are .7 million people living there and the decline continues.
The average price of homes sold in Detroit in 2012 was $7,500; as of January 2013 47 houses in Detroit were listed for $500 or less, with five properties listed for $1. Despite the extremely low price of Detroit properties, most of the properties have been on the market for more than a year as the boarded up, abandoned houses of the city are seldom attractive to buyers. The Detroit News reported that more than half of Detroit property owners did not pay taxes in 2012, at a loss to the city of $131 million (equal to 12% of the city's general fund budget).
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