[fastcarsfreedom]

DC83--there are a few houses around Detroit in that price range that are actually habitable, but they are for the most part in areas of "prairie" land, where most of the neighboring houses are long gone, where city services such as trash collection and street lighting are spotty--and where you would have to tolerate frequent property crime. On the flipside of that--a large hotel being restored downtown (Westin Book-Cadillac) sold out of it's 500,000-1,000,000 condos in haste...so the inner-city market in Detroit is bizarre. I'm pleased to hear the Hamilton market is relatively healthy--not sure how much news from our little burg here in SW Ontario makes the provincial or national news--but we have an absolutely moribund housing market--probably 2 to 3 years inventory of resale homes on the market and all new home development basically at a standstill. It's essentially the same as the U.S. market--just without the added problem of foreclosures.