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Detroit houses selling for less than cars

Cory Doctorow: Houses in Detroit are selling for less than new cars:

Folks, the ground underneath the house goes with it. You do know that, right?” he offered.

After selling house after house in the Motor City for less than the $29,000 it costs to buy the average new car, the auctioneer tried a new line: “The lumber in the house is worth more than that!”

Link (via MeFi)

(via Jason’s shared items in Google Reader)