Chicago woman buys a house for $1.75


PRESS TV
Thursday, October 2, 2008

A Chicago woman has bought a house on eBay for an abandoned home with a bid of just $1.75, as the US economic crisis is deepening.

Joanne Smith, 30, recently was the top bidder for the home during an auction on eBay, The Saginaw News reported.

“I am going to try and sell it,” she told the newspaper. “I don’t have any plans to move to Saginaw.”

Smith said she hasn’t seen the property or visited Saginaw, which has been hard-hit by economic troubles in recent years.

There’s a notice on the door of the home saying a foreclosure hearing is pending, the newspaper said. She must pay about $850 in back taxes and yard cleanup costs.

The news came as the US economy faces its worst days after Wall Street experienced its biggest drop since the crash of 1987.

That's exactly why I got the hell out of Michigan... Over two years ago, And I will never look back.

its why I left the US 4 years ago and never looked back either....