Via Galley Friend B.W. comes this amazing stat on home prices in Detroit. Don't click just yet.
First, if I told you that mean home price in 2003 was $97,850, what would you guess mean home price in Detroit was today?
If you guessed $19,448, you'd be the big winner.
As one of the commenters asks, "How low do house prices have to drop in Detroit before it pays to gut them for their parts?"
16 hours ago