Buy a $100 home…

by Tammy on June 21, 2009

CNN recently ran a story about Detroit artists who purchased a trashed, abandoned house for $100 and fixed it up.

Image from CNN

Image from CNN

The story illustrates that you don’t need a lot of money to purchase a home. Looking for creative solutions to home ownership is key to living the American dream.

Part of a $263 million grant given to Michigan and other states under 2008’s Housing and Economic Recovery Act, the funds are intended to help buyers bring trashed properties up to code, according to Mary Townley, a director with the Michigan State Housing Development Authority….

The artists in BanglaTown are careful to say they are not looking to change a city. Their goal is simply to improve a neighborhood, one house at a time.

I think it’s really inspiring that Michigan is helping buyers fix-up abandoned properties. What do you think?

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Tiny House Living , Archive » The Hundred Dollar Homes of Detroit
June 23, 2009 at 11:11 pm

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1 Heather@TheGreenestDollar June 22, 2009 at 10:47 am

I heard this same story on NPR. I live about an hour from Detroit, and my husband and I go into the city once every few months for special events like ballgames or concerts.

I think it’s awesome that these artists are willing to stake a claim and try to turn around these battered neighborhoods. I can say from personal experience that some neighborhoods in Detroit look like a war zone; they’re incredibly sad and scary places to be, and I can’t imagine living there. But I’m hoping that the courage and creativity of these artists will help turn the tide in some places, and bring more people back into the city.

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2 Jenny August 26, 2009 at 11:41 am

I want to move to those houses, i wanna paint them so bad O.o.

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