Wednesday, October 1, 2008

The Michigan Economy

Oh, Michigan. Such a beautiful state. And yet, such a horrific economy. I just read this article about a Chicago woman who just bought a house in Michigan off of Ebay. For $1.75. Even I could afford that.

With a winning bid of just $1.75, a Chicago woman is getting an abandoned home in Saginaw, Mich.

The Saginaw News reports 30-year-old Joanne Smith recently was the top bidder for the home during an auction on eBay. Her bid was one of eight for the home, which she says she plans to sell.

Smith says she hasn't seen the property or visited Saginaw. The newspaper says she also must pay about $850 in back taxes and cleanup costs.

--Associated Press


The good news is, you can get a vacation home for less than lunch!

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