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Reply #18: Get a quote for home and auto insurance in each neighborhood you're looking at [View All]

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Home » Discuss » Places » Michigan Donate to DU
Strawman Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-12-08 04:00 PM
Response to Original message
18. Get a quote for home and auto insurance in each neighborhood you're looking at
Edited on Thu Jun-12-08 04:00 PM by Strawman
http://www.insure.com/articles/carinsurance/detroit-aut...

Auto insurance is ridiculously high in Detroit. I think homeowners insurance is substantially higher also but I'm not as certain on that.

I'm amazed at what people I know who live in the city have to pay in property taxes and insurance. I think Boston-Edison is an area where you get tax breaks but I'd make sure. Those "savings" on lower home prices can disappear quickly and none of that money you pay in property taxes and insurance is converted into any sort of equity.
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