Re: The Demise of Detroit!Oct 9th, 2014
The two-story, three-bedroom home has been on the market for months with a price tag of about $5,000. The owner lives in Austria and has never even seen the home in person. He purchased it four years ago for about $41,000 and was hoping to flip the house and make a few bucks.
Unfortunately, the city's fortunes continued to worsen and housing prices plummeted.
Now the owner has told his real estate agent that he is willing to swap it for an iPhone 6 or even a 32GB iPad.
The house has been empty since 2010, and has accrued taxes which now amount to over $6,000 and will need to be paid by the new owner.