House for US Dollar one, credit
to Aria
Bendix
Yes, you could have
a house with one of US dollar equal to value of 0.87 Euro. Why so
cheap? It is because a lot of houses are abandoned by their owners.
The city of Gary, Indiana decreased their population from 178
thousand in1960 to 76 thousand currently, decrease more than a half.
More than 30% of
houses no ownership, thus the city tried to sell the empty houses
with a single dollar only.
Gary city, Indiana
is not far from busy city of 2.7 million population, Chicago,
Illinois. Driving will takes around 30 minutes or US$ 5 for one way
bus ticket.
The city seems don’t
get profit for selling abandoned houses, the main purposes is to
attract new residents to make city more prosperous. Neighborhoods
will sustainable with new business development.
New resident no need
to pay expensive mortgages like in many US cities, but they need to
pay utilities and taxes. Revenue could be used to pay city debt of
US$100 million.
However, US$1 houses
are not ready to move in, you need to repair them. Repairment cost
much cheaper than buy new houses.
Do you excite to buy
one?
En España Tanza tenemos el mismo problema pero en mayor escala, pues hay pueblos enteros vacíos que nadie reside en ellos y se suele vender el pueblo entero.
ReplyDeleteSaludos
thank you to comments on my article:
DeleteHouses, with Price of One Dollar?
@
Yes, you could have a house with one of US dollar equal to value of 0.87 Euro. Why so cheap?
Tanza, Much of the problem with Gary and similar cities in the US is poverty where manufacturing industries used to flourish and have since gone overseas or moved to less expensive labor markets. Gary has a crime problem too in significant segments of town so even at a dollar per home, it may not be an appealing bargain. Take Care, Big Daddy Dave
ReplyDeleteI agree with you..
Deletethank you to comments on my article:
Houses, with, Price of One Dollar?
@
Why so cheap?
These types of houses would probably be a lot of work, and I've never seen one for just a dollar! I'm not sure it'd be worth it for me! Hope you're having a wonderful week so far!
ReplyDeletewww.jessicabroyles.com
yes, indeed...
Deletethank you to comments on my article:
Houses, with, Price, of One Dollar?
@
It is because a lot of houses are abandoned by their owners.
Doesn't sound like a good idea. Re: Big Daddy Dave's comment.
ReplyDeleteThe old saying... "If it looks too good, it probably is." ,-)
I agree with you...
Deletethank you to comments on my article:
Houses, with, Price, of, One Dollar?
@
The city of Gary, Indiana decreased their population from 178 thousand in1960 to 76 thousand currently, decrease more than a half.
'Abandoned houses' - that's interesting! I've heard about similar houses in Italy too.
ReplyDeleteThe house in the picture looks not bad at all.
Usually , it's the people that form the local community that matter, less the houses.
yes, the security could be a problem...
Deletethank you to comments on my article:
Houses, with, Price, of, One, Dollar?
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More than 30% of houses no ownership, thus the city tried to sell the empty houses with a single dollar only.
I have heard about this. A great opportunity for the right people. Renovations can be a nightmare though! It would be wonderful to see neighborhoods and towns be revitalized by programs like these.
ReplyDeletethank you to comments on my article:
DeleteHouses with Price of One Dollar?
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Gary city, Indiana is not far from busy city of 2.7 million population, Chicago, Illinois.
That's a good idea, I think. Beautiful photo.
ReplyDeleteI wish a nice week.
thank you to comments on my article:
DeleteHouses with Price of One Dollar?
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The city seems don’t get profit for selling abandoned houses, the main purposes is to attract new residents to make city more prosperous.
Who knows what problems those houses have now? But that's an idea for people who need to start over.
ReplyDeletethank you to comments on my article:
DeleteHouses with Price of One Dollar?
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Neighborhoods will sustainable with new business development.
No, not for me. For two reasons...labor for repair work very expensive & WAY TOO COLD up there!
ReplyDeletethank you to comments on my article:
DeleteHouses with Price of One Dollar?
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New resident no need to pay expensive mortgages like in many US cities, but they need to pay utilities and taxes
No, not for me. For two reasons...labor for repair work very expensive & WAY TOO COLD up there!
ReplyDeletethank you to comments on my article:
DeleteHouses with Price of One Dollar?
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Revenue could be used to pay city debt of US$100 million.
Das hat man hier mit kleinen Gütern gemacht, weil sie einen historischen Wert besitzen. Die Fassaden waren ja noch so einigermaßen, doch innen alles baufällig. Doch wer das nötige Geld besitzt, kann das machen, aber ich glaube, wer reich ist, der baut gleich neu...
ReplyDeleteLiebe Grü0e
Rachel
(Der Übersetzer bei mir ist ganz unten rechts!)
thank you to comments on my article:
DeleteHouses with Price of One Dollar?
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However, US$1 houses are not ready to move in, you need to repair them.
A ghostly idea.
ReplyDeletethank you to comments on my article:
DeleteHouses with Price of One Dollar?
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Do you excite to buy one?
If I had te money to repair it, that might be a good investment.
ReplyDeletethank you to comments on my article:
DeleteHouses with Price of One Dollar?
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House for US Dollar one, credit to Aria Bendix
Hmm! A shame houses stand empty like this when, if like England, there is the increasing problem of people living on the streets.
ReplyDeletethank you to comments on my article:
DeleteHouses, with Price of One Dollar?
@
Yes, you could have a house with one of US dollar equal to value of 0.87 Euro.
wow, i'd love that house! I had no idea about Gary Indiana - the abandoned homes ...I have a friend who came from there and still has family back there. i wonder if she knows about this.
ReplyDeletetake care with repairmen...
Deletethank you to comments on my article:
Houses, with, Price of One Dollar?
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Why so cheap?
I don't want to buy a house. But I would probably have the time of my life exploring the abandoned structures. I bet they are full of stories to be found. 😁
ReplyDeletethank you to comments on my article:
DeleteHouses, with, Price, of One Dollar?
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It is because a lot of houses are abandoned by their owners.
I did not know this, and I like learning new things. It is both sad and fascinating. But one would have to have quite a bit of money to fix the house up and pay taxes and utilities. Still, I would love to look around a few of these.
ReplyDeletethank you to comments on my article:
DeleteHouses, with, Price, of, One Dollar?
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The city of Gary, Indiana decreased their population from 178 thousand in1960 to 76 thousand currently, decrease more than a half.
It's not the only city with a program like that. I'm happy in my dynamic, sunny city.
ReplyDeletethank you to comments on my article:
DeleteHouses, with, Price, of, One, Dollar?
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More than 30% of houses no ownership, thus the city tried to sell the empty houses with a single dollar only.
That's really cheap !
ReplyDeletethank you to comments on my article:
DeleteHouses with Price of One Dollar?
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Gary city, Indiana is not far from busy city of 2.7 million population, Chicago, Illinois
I've been living in the same home for 26 years and we checked with a realtor that we could get a great deal for our home. I thought Oh my goodness, I better sell soon as I can. Homes are for sale and the prices are so much but building them are also expensive. I just want to move into a small place and those are still expensive. What ever happened to the cheaper prices?
ReplyDeleteCruisin Paul
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DeleteHouses with Price of One Dollar?
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Driving will takes around 30 minutes or US$ 5 for one way bus ticket.
I could afford that house. It'd be nice for someone who works in Chicago, and is able to make the upgrades.
ReplyDeleteThank you, Tanza.
thank you to comments on my article:
DeleteHouses with Price of One Dollar?
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The city seems don’t get profit for selling abandoned houses, the main purposes is to attract new residents to make city more prosperous.
Not for me though. I am already shuddering at the thought of having to renovate the house. All that hassle and money!
ReplyDeleteGive me a brand new house that's ready to move in anytime!
hehehe.... yes, it is interesting to have a ready to move in house.
Deletethank you to comments on my article:
Houses with Price of One Dollar?
@
Neighborhoods will sustainable with new business development.
thank you to comments on my article:
ReplyDeleteHouses with Price of One Dollar?
@
House for US Dollar one, credit to Aria Bendix
Sounds like a great idea!
ReplyDeletethank you to comments on my article:
DeleteHouses with Price of One Dollar?
@
New resident no need to pay expensive mortgages like in many US cities, but they need to pay utilities and taxes.
I would love to be handy! It looks like some excellent opportunities are out there...
ReplyDeletethank you to comments on my article:
DeleteHouses with Price of One Dollar?
@
Revenue could be used to pay city debt of US$100 million.
What a good idea - let's hope it works.
ReplyDelete