Are the $1 houses in Detroit worth it to buy?

[ugmcgoat]

Bro i would buy three or four next to each other then build a massive house

[loreuc]

At least you have the ground to do some stuff, isn't it?

[bhaviktirumala]

Even the abandoned houses have nothing

Can't have shit in Detroit

[leland_da_based]

Do you own the land is the real question. I doubt it because companies would buy entire neighborhoods for the land alone

[kf]

if i had a dollar for every sentence that started with “well its kind of a trick by the government…” i would be a wealthy man.

[nharris]

This video is so dumb, and leaves out the most important part of this scam. Yeah sure the piping being gone is sort of a big deal. But what they aren’t telling you is you would have to pay anywhere from 20-50k on property taxes. Not to mention living in a crime ridden city.

[believingintheblood]

It does come with free stabbings and gunshot wounds though so there’s a bright side

[occamshalberd]

"while it looks good on the outside"

It does not

[David.Reeding]

Easy peasy, we buy several blocks, build ourselves a stone fortification along with some paesant housing, have them turn the rest of the ground into farm land and reap the rewards of our paesant's labour.

[truesonofhades]

Pretty sure you have to fix or rebuild the house then live there for a certain amount of time

[AnnoyinglyIrish]

You’re essentially buying a plot of land for $1.

That same plot here would cost €100, 000+.

[thewizzzard]

Nobody should persistently pay tax on an item they already paid tax on. Thats not ownership, thats rent.

[oatzee]

Did this in Baltimore city years ago, basically paying for the lot. Some houses could be refurbished but most of the knocked down. Those lots today are worth a lot of money

[nickumstead]

If you’ve always wanted to live in a “Fallout” style neighborhood then yeah this is for you

[johann-friedrichgallenkamp]

Even the materials cost more than a dollar you can sell every log got like 10 bucks and make bank

[XxX_error_XxX]

Don’t buy the house
If you’re planning to live there don’t
You basically have to renew everything wich costs money 💰

[toddwieland]

A good first project for a young man
But it’s a money pit
If there’s mold burn it
I would be tempted to remove the house and reuse the foundation

[Cantspeakable]

Build a under ground house with only a concrete and steel door to access it. Then keep the lawn on top mowed nicely

[JWatson]

If you're into real estate development or a construction company it's an amazing deal.

[Shaso-xvtw]

Honestly building a new house on the foundations of the old house is still cheaper than buying a house in California or New England, and I get to customize the house