The Truth Behind Those $1 Detroit Homes

Downtown Detroit is seeing a revitalization of sorts sparked by Dan Gilbert's $1 billion investment in the area. Since 2010, Gilbert's investment has created an estimated 6,500 jobs in downtown, and, as a result, it's nearly impossible to find a vacant apartment as residential occupancy rates reached as high as 99.4% for the downtown area.

But what about the rest of the city? You can buy a bunch of homes outside of downtown Detroit for under $500 and some are even listed at just $1.

Problem is: these prices are incredibly misleading. The homes are in abysmal condition and there are few city services in and around these neighborhoods.

Detroit realtor John Lewis took us to the Brightmoor neighborhood to show us what these $1 Detroit homes are really like.

Check out the most recent $1 homes video:
The Truth Behind Italy's $1 Homes

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The Truth Behind Those $1 Detroit Homes

[RobotHunter]

“they look okay from the outside”
*shows a house with no outside paneling, rotting wood exterior and roof, and completely desiccated interior*

[TheMainMan.]

"The whole city is not like this."
Homes on the other side of town are going for two dollars.

[Wonkabar]

I was hoping we would see an oldtimer sitting on his porch, and he would tells us about happier times in the neighborhood, when the community was vibrant.

[tindekappa]

I respect the courage to drive by the $1 homes in expensive suits

[troyhampton]

I’d rather have something off the McDonald’s dollar menu

[whoislynx]

1$ homes vs 100, 000$ homes can't wait buzzfeed

[marquis]

they had me at, "still being assessed at a 60k value and taxed" AND this is why this town will never recover

[twizz]

I think if the city just ate the cost of demolishing all these homes, they'd probably have a lot more luck selling the bare land.

[shannondecillis]

This is really sad because those were once new, clean homes with families and history. It’s awful that they’ve just been left to rot like that.

[generictoast]

I can flex on people and say, “i have 5 houses”

[Erin-bdjg]

"This is just one neighborhood. The whole city is not like this."
Can confirm. The whole city is not like that.
Just a lot of it.

[zeroxkira]

"The $1 home thing, it's not unheard of."

Yeah no shit there's a whole neighborhood selling for less than a damn happy meal.

[MrBushMan]

If Detroit didn't have shitty regulations someone would've bought the entire neighborhood dozed it all and built new houses

[aman.s.rathore]

I must have missed the Detroit war in my history lessons.

[Willy-pnwn]

$201 for a house AND a pump action shotgun? Sounds like a good deal to me.

[AbsentMinded]

“And the tax base there is...a little higher too, so...”

Caught a glimpse of the root problem there.

[hitpistol]

*the comments doesn't makes sense*

[alefruci]

Imagine someone robs you, takes your dollar and now your homeless.
Moral of the story:

Can’t have shit in Detroit

[puzzLEGO]

I would still buy them just to own a house, nobody said I had to live in them

edit: when the house tax is more than the house

[dougmackinnon]

I live very close to here. It’s amazing how a few miles, or even blocks one direction or another look totally different. Detroit’s biggest problem is it’s too big. How many homes in that area do you think legitimately use water? let alone current in their billing. Yet, the city must maintain all the infrastructure. Detroit needs to pay people to centralize and let some of these areas go back to nature. .