Wow, that's all pretty eye opening. How does someone making 15 to 20 bucks an hour afford that? I guess the answer is, they don't. Not much of a 'starter home.'
I paid 172 for mine in 2001. It was the cheapest house in the neighborhood and in a somewhat highly coveted area. I've done two renovations, both major, and it's tripled in value. (on paper anyway.) We aren't leaving anytime soon, so I guess that part doesn't matter. But the less desirable areas, closer to the fair city of Detroit are so high now, it feels like it has to burst at some point.