Detroit Couple Ready to Move after Robbery

[Gistok]

With Detroit non-historic neighborhood property values at only about 10-20% of what they were 10 years ago, people are just walking away from their homes.

Just to show how bad it's gotten... a block in the 48224 [[far east side) zip code had homes selling for around 95-115K 10 years ago. Then they went down to 65K about 5 years ago... now they're at 15K and dropping.... some beautiful streets just west of EEV have homes for 4K... and what was once a nice area [[Morningside) now has a lot of empty lots.

[rondinjp]

With Detroit non-historic neighborhood property values at only about 10-20% of what they were 10 years ago, people are just walking away from their homes.

Just to show how bad it's gotten... a block in the 48224 [[far east side) zip code had homes selling for around 95-115K 10 years ago. Then they went down to 65K about 5 years ago... now they're at 15K and dropping.... some beautiful streets just west of EEV have homes for 4K... and what was once a nice area [[Morningside) now has a lot of empty lots.

Yeah, it is shocking [[and quite scary) how quickly this whole east side area of Detroit has become decimated over the last 10 years. When I moved back to Detroit 9 years ago it was still a "stable" and nice area. Now, with most houses in this area are selling for less than $12k, the area has started to become downright scary. I am also hearing gunfire on an almost consistent basis every night coming from this area. That, is becoming increasingly worrisome.