Here is some un-shocking advice about the city where homes are $100: based on asking prices for rental units and homes listed for sale on Trulia.com, you should most definitely ditch your landlord, bite the bullet, and buy in Detroit! So says the Detroit News reporting that Detroit and the Warren-Troy-Farmington Hills area are the cheapest and fourth cheapest areas in the country to buy a home instead of rent. What can we credit for the deal$? It's all thanks to our slow-growth, high vacancy rates, and land to spare. Thanks bad economy! [The Detroit News]
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