Reply #53: no, the market value for a home in a depopulated area is not the same as the

[Hannah Bell]

value of a home "in the areas that are occupied".

home prieces in detroit vary widely depending on the neighborhood.

$335K
http://www.prusnyder.com/homes/MI/DETROIT/48214/626_LODGE_DR/175210115928/index.html

$100K
http://www.trulia.com/property/3034669918-760-Lemay-St-Detroit-MI-48214


at the bottom of this page: 5 houses that last sold for around $30K
http://www.trulia.com/property/compare/3035481685-19960-Bloom-St-Detroit-MI-48234


The median asking price for a detroit home as of december 6th = $89K.

The price at the 25th percentile (the cut-off for the cheapest 25% of homes = $43K)

http://www.housingtracker.net/asking-prices/detroit-michigan/

Even assuming that they only get half that, that range = 22K to 45K.

If there were only 300 homeowners in the area where they shut off services, & they paid them all a minimal $22K (which appears to be a minimum price for something you could actually move into & live in without major work), that would be NEARLY 7 MILLION DOLLARS.

BULLSHIT if they're going to pay anything near that.

I went through the depopulated areas around the airport on google street view. Some of the homes are very well kept up, with flowers & gardens & mowed lawns.

Obviously homeowners, and possibly depopulated neighborhoods are safer in some ways than ones populated by drug dealers.

They're not going to get anything comparable.