The mortgage crisis in America has deepened so much that family homes can now be bought for less than £15,200 - the price of a new car.The vanguard of decline.Do you think it's impossible everywhere else in America?
A four-bedroom home near the original Motown recording studio in Detroit recently sold for £3,700 ($7,000), less than most used cars. A boarded-up bungalow fetched £685, and a three-bedroom house listed for £276,000 attracted just £69,000.
Monday, April 09, 2007
A house costs less than a car in Detroit
The U.K. Telegraph reports:
