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Old 01-12-2009, 10:25 AM
 
Location: Oak Park, IL
5,525 posts, read 13,948,017 times
Reputation: 3908

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Interesting how the listing helpfully discloses that the property is "squatter occupied." Don't see that too much around here.
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Old 01-12-2009, 10:39 AM
 
8,276 posts, read 11,913,577 times
Reputation: 10080
Default Looks can be deceiving..

Quote:
Originally Posted by sukwoo View Post
Some people might consider parts of Detroit to be akin to a war zone. Aside from the high crime and poor/no police protection you have:

1. shrinking population
2. high property taxes (which you pay to receive..)
3. poor/no city services

In addition for all we know, vandals have ripped out all the copper pipes and wires as well as all of the ornate wood trim.
..my God, one home was selling for 24,000?? I wonder if the flooring is bare dirt...
I guess this would represent the disadvantages of being a single industry town, with outdated products and expensive labor. A good thing that Chicago is much more diversified; even Boston, a much smaller city, at least has healthcare and education, without mentioning high-tech and biological research.
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Old 01-12-2009, 10:42 AM
 
2,329 posts, read 6,633,093 times
Reputation: 1811
Quote:
Originally Posted by MassVt View Post
..my God, one home was selling for 24,000?? I wonder if the flooring is bare dirt...
Houses go for far cheaper than that...some went as low as $1
House in Detroit Sells for $1 - FOXBusiness.com (http://www.foxbusiness.com/story/markets/economy/house-sells-dollar/ - broken link)

Quote:
At the time of sale, the home had been stripped of its siding, fence, light fixtures, copper plumbing—even the kitchen sink had been taken. Boards that were used to board up the windows were also stolen and used to board up a house down the street, according to The Detroit News.
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Old 01-12-2009, 12:29 PM
 
Location: Tower Grove East, St. Louis, MO
12,063 posts, read 31,618,797 times
Reputation: 3799
This is just sad.

St. Louis doesn't have really any architecture of a similar kind to that, but of a similar age and square footage you could easily find something in the 300-400 range. It's really difficult to me to even imagine the economy that would wreak such havoc on home prices.

I guess, in all reality, these beautiful old homes will decay into nothingness eventually. It's so sad.
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Old 01-12-2009, 01:55 PM
 
1,996 posts, read 3,159,952 times
Reputation: 2302
Thanks all for your replies. I was thinking that this house, though needing updates, would go for $500,000. It is located in the best area of Detroit, and is surrounded by a golf course, a catholic university, and similar residential neighborhoods, so its not in the midst of blight. It is probably very similar to your Forest Glen-Sauganash-Edgebrook area.

The neighborhood has its own private security, so I doubt those houses have been stripped.

The house that Humboldt1 highlighted is in a historic neighborhood surrounded by decay. That house was in the process of being stripped; months ago, I peered into the front window of that house, and saw that someone had pried off a fireplace mantle, but had been scared away, because the mantle was leaning against the wall.

Now that we got federal aid from Pres. Bush, maybe the Big 3 will build more cars that more Americans will buy and we can start to recover.
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Old 01-12-2009, 02:00 PM
 
Location: Chicago
6,025 posts, read 15,343,192 times
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Quote:
Originally Posted by usroute10 View Post
Now that we got federal aid from Pres. Bush, maybe the Big 3 will build more cars that more Americans will buy and we can start to recover.
IDK, I'm no expert, but it seems like relying so much on the Big 3 is what got Detroit in this state in the first place. sounds like it may be time for Detroit to look beyond the automakers to save their city
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Old 01-12-2009, 02:00 PM
 
Location: Humboldt Park, Chicago
2,686 posts, read 7,870,272 times
Reputation: 1196
Default St. Louis

Aragx,

I spent New Years in St. Louis with the girlfriend. She hated it, said there wasn't much to do other than the museums in Forrest Park.

Should have maybe stuck to LaClede's landing.

We did the whole Delmar Loop, University Village thing. It was interesting to watch the movie Milk at the Tivoli theatre there with a crowd of mostly gay men.

She just is used to Chicago. We ended up going to Pepper's (her choice) to spend New Years at a bar that called itself a nightclub.

St. Louis is such a barren, open city, not like Chicago. Union Station is nice but lots of vacancy and lots of low-end stores. We were not impressed by the restaurants downtown. We spent 4 days there.

The area out by Wash U is still nice, great housing stock, especially along Big Bend and into Clayton.

Honestly, not worth the 5 hour drive, though it was nice to see my old school.

I am sure there are some areas on the West Side of St. Louis away from the Wash U medical district that have distressed prices for some pretty descent housing stock, though nothing like is being seen in Detroit. As you said, that is just sad.
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Old 01-12-2009, 02:02 PM
 
2,329 posts, read 6,633,093 times
Reputation: 1811
Quote:
Originally Posted by usroute10 View Post
Now that we got federal aid from Pres. Bush, maybe the Big 3 will build more cars that more Americans will buy and we can start to recover.
If Detroit is going to survive (or at some point prosper), it is going to need to get past the overwhelming reliance on the Big 3 and diversify/reinvent its economy. The city is an example of what happens when you are a 1 horse town...the booms are big, and so are the inevitable collapses.
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Old 01-12-2009, 02:04 PM
 
Location: Chicago: Beverly, Woodlawn
1,966 posts, read 6,075,642 times
Reputation: 705
I was out that way recently and wondering what those beautiful homes in the neighborhoods around Wash U. go for. Any idea, let's say an old but nicely maintained 3,000 square foot brick colonial on a 50x150 lot near the university?

Quote:
Originally Posted by Humboldt1 View Post
Aragx,

I spent New Years in St. Louis with the girlfriend. She hated it, said there wasn't much to do other than the museums in Forrest Park.

Should have maybe stuck to LaClede's landing.

We did the whole Delmar Loop, University Village thing. It was interesting to watch the movie Milk at the Tivoli theatre there with a crowd of mostly gay men.

She just is used to Chicago. We ended up going to Pepper's (her choice) to spend New Years at a bar that called itself a nightclub.

St. Louis is such a barren, open city, not like Chicago. Union Station is nice but lots of vacancy and lots of low-end stores. We were not impressed by the restaurants downtown. We spent 4 days there.

The area out by Wash U is still nice, great housing stock, especially along Big Bend and into Clayton.

Honestly, not worth the 5 hour drive, though it was nice to see my old school.

I am sure there are some areas on the West Side of St. Louis away from the Wash U medical district that have distressed prices for some pretty descent housing stock, though nothing like is being seen in Detroit. As you said, that is just sad.
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Old 01-12-2009, 02:37 PM
 
Location: Lake Arlington Heights, IL
5,479 posts, read 12,261,841 times
Reputation: 2848
I always joked with my Mom in the 70's that in the future the exurbs would gobble bunches of good farm land (back when Randall Rd. was still mostly a rural farm road) and that the neglected/blighted areas of the inner city would revert back into farmland. Anyone make bulletproof John Deere's?
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