I checked out the list and Detroit wasn't on there, but Youngstown, Ohio is and that is just as big of a rust belt town as Detroit. You can buy a house in Detroit for $1000 (it will be a turd in a BAD neighborhood, but you can if you want. If you want a safe neighborhood without much trouble you could move to Taylor, MI. There are listings for under $10,000. There are move in condition houses on my street that have gone for $15,000. The house next door sold for $26,000 and the house across the street sold for $21,000. A house down the block sold for $6000. My house is worth about $20,000 ( I owe $81,000 and got a steal when I bought at the peak of the market at $93,000 houses like mine were going for around $105,000)
This is my house and there are plenty more in my neighborhood for under $25,000.
There are not many people buying right now, but some people are. There are people who have low wage jobs that could never have bought a house before that are buying houses. Why would MSN not list metro Detroit (Wayne County especially) on a list of affordable homes?
Is this just subtle case of detroit bashing?