Curbed – San Francisco: ” Eventually, someone saw the potential for change in the modest two-bedroom home and bought it for $850,000. Flippers have completely transformed the house into a four-bedroom luxury abode listed for $5.25 million, asking more than six times the previous price and ushering it right into the Sextuple Club, a thing we just invented.”
Now that’s a flip.
Compare that to what $140k gets you in Detroit. With some time and a bit of money this Detroit home could look just as nice, if not nicer, than the San Francisco home.