House Prices in Detroit

One of the things that David Cruikshank mentioned in his talk on the credit crunch and which I failed to mention (because I forgot!) were the listings of houses in USA on eBay; he showed some pages of houses for sale for $1,000 (about £670).

Now Boing Boing has a post about house prices in Detroit, with some on offer for $500.

That is a very scary market indeed.

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