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Deciding whether to buy or rent? Here's how the math plays out for some of the nation's biggest cities, according to real estate site Trulia.
Anyone who wants to live in Detroit for awhile should find the neighborhood they like and start visiting some open houses.
Home prices in Motor City are about half what they were back in 2004. The median price for homes sold during the last quarter of 2012 was just $80,000, less than a fully-loaded Cadillac Escalade.
Even buyers who sell after three years, would save about 62% more than renters on housing costs, according to Trulia.
Related: 11 ways to save Detroit, before it's too late
Yet, Detroit definitely has some downsides: The city has been emptying out. That has left a housing stock of numerous homes to chose from, many in bad shape, but all cheaper than almost everything else in the country.