A
mother living in Detroit has traded in her four-bedroom home that was
once home to Diana Ross and the Supremes for a 2006 minivan. LaWanda
Flake, a 36-year-old, disabled mother of six traded in her four-bedroom,
three-bath house, located in one of the city’s better neighborhoods and
valued at $96,000 for a 2006 Chevrolet Uplander with 85,000 miles,
valued at between $5000 and $8,500. Flake said she posted the house
offer on Craigslist because she needed a new car in order to get her
children to school on time because the city’s bus system was proving
unreliable. Flake and her six children have relocated to a three-bedroom
home nearby that she was able to purchase on a $4,000 land contract.
Flake purchased her former home last year at a foreclosure sale for
$3,600, nowhere near its six-figure retail value. The house reportedly
has several thousand dollars worth of needed repairs waiting for the new
owners.
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