Hardly anyone in Detroit gets a mortgage, and that’s common knowledge. Just ask Cymone Thomas,
“There’s some beautiful homes in Highland Park ... big family homes,” she said, describing the area’s blocks upon blocks of solid brick two-stories, three or four bedrooms with yards. A lot of them need work, but they can be really affordable, well below $50,000.
“I definitely want a home cause I have a son, I want him to have his own backyard,” she said. But when a home sells in her neighborhood, it’s almost always in cash.