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In reply to the discussion: This tiny house could be a game changer for the low-income population in Detroit [View all]demmiblue
(39,721 posts)42. Paying $300 for rent a month is feasible for low-income individuals.
They are not required to purchase the place. It is an option.
Again, you fail to realize the expenses that old properties incur. Especially in Detroit.
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This tiny house could be a game changer for the low-income population in Detroit [View all]
demmiblue
Sep 2016
OP
As a starter house for a single person or a couple, or for single pensioners, it's a great idea.
haele
Sep 2016
#2
True, just saw a listing for an 8000 sq. ft needs a bit of work mansion for $500K in Detroit.
haele
Sep 2016
#12
I know, I bought a 1960's tract house as is, and ended up having to sell it six years later.
haele
Sep 2016
#22
Good points. A builder told me that ANY house of ANY size is expensive. In other words...
Eleanors38
Sep 2016
#47
If I had $50k, I would buy a fixer-upper and ream it out, esp. the insulation...
Eleanors38
Sep 2016
#77
Yep, plus it appears that the only expense they would have to pay on top of the rent is heat.
demmiblue
Sep 2016
#23
They are not getting a loan (they are renting with an option to purchase in the future).
demmiblue
Sep 2016
#19
If they are paying $160 per square foot for anything in detroit they are an idiot
Egnever
Sep 2016
#25
It's a shame our homeless population doesn't have the education or intelligence you posses
LanternWaste
Sep 2016
#34
So how does a low-income individual pay for the mortgage, tax, maintenance and utilities?
demmiblue
Sep 2016
#21
So how do they pay for the mortagage, the gas, the electricity, the taxes, the maintenance, etc.
demmiblue
Sep 2016
#32
This is targeted towards those who wouldn't qualify for any kind of mortgage loan
Kaleva
Sep 2016
#26
Townhouses (terraced houses, to me) are cheaper than detached ones
muriel_volestrangler
Sep 2016
#40
Don't know... there are townhouses downtown, as well as many, many apartment buildings.
demmiblue
Sep 2016
#44
As long as they don't or will never need enough space to use a walker or wheelchair
loyalsister
Sep 2016
#41