to buy even for $ 1
Detroit’s financial position is so catastrophic that some houses are sold there for a long time at a price of
So, quite a large house built in 1915, located near the city center, was put up for sale in May 2011 at a price of $ 900. The building is of interest from buyers has not caused, and in February of last year it was decided to reduce the cost up to $ 1. However, it did not help — the structure has not yet been sold, reports
In this case, a lot of these houses throughout the city. Most of the buildings put up for sale by banks that were seized from their owners for the debts, and now they are trying as soon as possible to remove them to avoid paying taxes. It is worth noting that property taxes in Detroit — one of the highest in the country. In addition, many of the "dollar" homes because of long neglect are in poor condition and require urgent repair.
Automotive Capital of the United States began to decline 40 years ago, when the situation began to deteriorate in the American automobile industry. Currently, Detroit is home to about 700,000 people, whereas ten years ago the population of the metropolis of 1.8 million inhabitants. In this case, 83% of the population — African Americans. With the reduction in the number of residents of Detroit has been falling tax revenue to the city treasury, began the destruction of infrastructure, increased crime, ITAR-TASS reported.
Detroit’s budget deficit of more than $ 380 million, and total debt is estimated at between $ 17 to $ 20 billion. In mid-July, the City asked the court to recognize the American automobile capital bankrupt. If this application is approved, Detroit will
Detroit is not the first American city, decided to declare himself bankrupt. In 2012, the three cities in California — Stockton, Mammoth and San Bernardino — have done the same thing. In 2011, Harrisburg, Pennsylvania also filed a petition, but it was rejected. However, Detroit — it’s much more important city.