Quote:
Originally Posted by JManc
Her house was also a mess and probably needs at least a half million in repairs and updating.
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And it's in Detroit city proper, which totally unrepresentative of the Metro Detroit real estate market. Very few professional households, esp. with kids, are gonna live in a home in Detroit proper. If that home were in a nice suburb, it would cost millions.
Metro Detroit has higher median home prices than most of the traditional Rust Belt metros (Cleveland, Pittsburgh, Buffalo, Columbus, Cincy, Indy, etc.) and taxes are very high. Nice suburbs, with good schools, are not cheap, unless you're coming from NYC or CA.