Quote:
Originally Posted by cmbdiesel
At that price, buy the house and strip it for copper and reusable building materials. Raze the house after you've recouped your expenses and pay tax on a vacant lot.
Heck, FEMA could buy these houses for Katrina victims cheaper than a trailer, although a little harder to move 
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I'd imagin most of them are already stripped of copper.
I would take a property in Detroit if someone paid me to take it.
I'm quite happy building cheap $300k spec homes, in my little corner of the world.