http://www.realtor.com/search/listin...4564544&lsn=48
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There are 18 listings in Flint, Mich., for under $3,000, according to Realtor.com. There are 22 in Indianapolis, 46 in Cleveland and a whopping 709 in Detroit. All of these communities have been hit hard by foreclosures, and most of these homes are being sold by the lenders that repossessed them. I wouldn't mind being able to buy a fixer upper for what most people make in a couple of days work.
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http://money.cnn.com/2009/01/08/real...omes/index.htm
I was just watching CNN and they were doing yet another story on the American housing crisis and they showed houses that are available for under $3,000us. Some areas hit with the recession have houses selling for under $1000 that are of course fixer uppers but a house in decent shape a few doors down are selling for $100,000+ sounds like there is some money to be made for people willing to flip houses and wait for a buyer.