Detroit Man Buys House For $500

from Buzz 60: Drew Philip is determined not to abandon his home state of Michigan. He bought an abandoned house in Detroit for $500 to do his part to keep the city alive. Mara Montalbano (@maramontalbano) has the story.

Would you buy a house for $500? In Detroit?

On the one hand, if you spend $40,000 (for example) to fix it up, you own your home with no mortgage or payments for 30 years like most people.

On the other hand, it is in Detroit.

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