Tuesday, February 04, 2014

You Can Buy A House For One Dollar Or Less In Economically Depressed Cities All Over America

You Can Buy A House For One Dollar Or Less In Economically Depressed Cities All Over America | Zero Hedge:

Free Home In Yakima, WashingtonIn fact, the city of Detroit once had the highest per capita income in the entire nation.  But as millions of good jobs have been shipped overseas, these once prosperous communities have degenerated into rotting, decaying hellholes.  Now homes that once housed thriving middle class families cannot even be given away.  This is happening all over America, and what we are witnessing right now is only just the beginning.
The photo that I have posted below was sent to me by a reader just the other day.  It is a photo of a house in Yakima, Washington that is apparently being given away for free.  At one time it was probably quite a lovely home, but now nobody seems to want it...

......And guess who is selling more "one dollar homes" than anyone else?
If you guessed "the federal government" you would be correct.
Right now, the federal government is selling foreclosed homes to low income families all over the country for just one dollar...

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