A Web designer is hawking square inches of an empty lot in Detroit for a buck each to show what can be done with vacant spaces. Jerry Paffendorf says nearly 600 “inchvestors” have bought some of the 10,000 plots for sale in the “Loveland” art-and-real-estate project on Detroit’s east side. Paffendorf says he bought the lot for $500 and that profits are fed back into the project. He says some inchvestors buy one plot while others have taken 1,000, and they may do with the land as they wish. He says some plan to construct tiny buildings. Paffendorf plans to stream video of the site this spring.
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