A closer look
During the height of the 2008 financial crisis, you could literally buy a house in Detroit for less than the price of a used pair of designer shoes, with some properties selling for a single dollar. The catch was that these homes came with thousands of dollars in back taxes, severe structural damage, and the existential dread of living in a completely abandoned neighborhood. It is a stark reminder that real estate is not always a magical wealth-building machine, sometimes it is just a crumbling money pit that nature is actively trying to reclaim. The fact that an entire American metropolis was basically put on the clearance rack is a wild indictment of our economic priorities, though I am sure some tech bro is still trying to turn those ruins into a hipster co-working space
