Detroit homes sell for $1 amid mortgage and car industry crisis

Chris McGreal, The Guardian
Some might say Jon Brumit overpaid when he stumped up $100 (£65) for a whole house. Drive through Detroit neighbourhoods once clogged with the cars that made the city the envy of America and there are homes to be had for a single dollar.

http://www.guardian.co.uk/business/2010/mar/02/detroit-homes-mortgage-foreclosures-80

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