How far have real estate prices fallen? The Silverdome, former home of the Detroit Lions, just sold for $583,000. The 80,300-seat stadium came with 127 acres of land.
That’s about the price of a McMansion before the real estate market collapsed. I hope the buyer turns the Silverdome into a home. It has lots of bathrooms and plenty of cooking areas. The locker rooms could be turned into bedrooms. Turn the playing field into a really big family room. Put a sofa on the hash mark on the 50 yard line and rig up a remote for the jumbotron. Invite 80,000 friends over. The only problem is having all that carpet to vacuum.
If you want to lament the loss of your property value, this is the place to do it. Do you see house prices going back up?
via Silverdome’s bargain price reflects financial woes in Detroit suburb of Pontiac – washingtonpost.com.
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