Politics in the Zeros. The politics of progress; cleantech, the economy. anti-war

House won’t sell even at $6,900

Wed Jul 23 2008 6:09 am
by Bob Morris.

So they’re lowering the price to $5,000. It sold for $110,000 in 2005. This is in Flint, Michigan, where the foreclosure rate has soared.

Speculators and long-term investors don’t want a three bedroom house for $6,900? Yikes.

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Posted in: Credit crisis.

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