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?























