Housing market in the city of Detroit shows some spark with bulk buyers

Housing bargains in the city of Detroit are so good that some buyers are getting them in bulk with purchases of 100 or more, according to a story in the Detroit Free Press this morning.

The story quotes some buyers who say they can pick-up a livable $85,000 in the city for $20,000 to $30,000 during these hard economic times.

Is there a silver-lining here for our struggling and biggest city in the state or are these buyers just vultures picking over the near dead?