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Old 04-23-2013, 05:46 AM
 
5,653 posts, read 5,153,262 times
Reputation: 5625

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I wonder if it'll catch on.

BBC News - Stoke-on-Trent £1 houses: Hundreds express buying interest
Quote:
More than 600 people are interested in buying rundown homes in Stoke-on-Trent for £1 each, the city council has said.
Thirty-five derelict homes, mainly two-bedroom terraced properties, will initially be sold off in the Cobridge area, with a further 89 to follow.
Under the £3m project, the local authority is offering loans of up to £30,000 to help complete essential repairs on the houses.
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Old 04-23-2013, 06:32 AM
 
Location: SW France
16,671 posts, read 17,437,937 times
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Sounds like a good idea.

The council will also get money back in the form of Council Tax and people living there will be putting money into the local economy.
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Old 04-23-2013, 08:30 AM
 
Location: Yorkshire, England
5,586 posts, read 10,654,455 times
Reputation: 3111
Nice to see preference is being given to locals who actually intend to live in those houses, and that the neighbourhood isn't just going to become somebody's buy-to-let empire.
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Old 04-23-2013, 06:41 PM
 
Location: Vancouver, Canada
3,715 posts, read 5,268,607 times
Reputation: 1180
reminds me of free or $1 houses in Detroit
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