Who’s buying up cheap houses in Detroit? 10 leaders at tax auction
Investors scooped up more than 9,000 Detroit homes in a county auction.
Investors scooped up more than 9,000 Detroit homes in a county auction.
Whoever buys the lawless wasteland will incur hefty costs for a property that is constantly on fire and crumbling.
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Once selling for six figures, the houses are on the auction block for as low as a few thousand dollars.
The city’s move would prevent speculators from buying properties without plans to develop them.