Homes For $1,000? It's True if you Live in the Rust Belt

     I saw the article below, and I had trouble believing the title.  Houses in Cleveland, Detroit, and other cities are hitting prices that haven't been seen in a while.  Banks have already lost a bundle, and at this point, they just want to be rid of the properties.  As the article mentioned, many of these properties need work and they are often located in neighborhoods that aren't the best.  With that said, how can investors not be intrigued by houses selling at these prices?



http://finance.yahoo.com/news/Radical-cheap-1000-cnnm-14005833.html

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