If Metro Detroit had its own currency, it would likely be as worthless as Zimbabwe's dollar by now. Instead, we have Detroit real estate. Plenty of that lying around, much of it as close to worthless as it has ever been.
Yes, my friends, times like these call for creative thinking. Per example, sale by raffle. A Waterford couple is giving it a go; tickets are $100. While they are hoping to sell 2,500 tickets, that is probably wishful thinking - similar properties in Waterford are going for a lot less than $250K.
Still, might be worth buying a ticket - a $100 house in Waterford with lake access seems like great value. Oh, and also? They're paying closing costs.