House in Michigan listed for just 78 pence becomes world's cheapest home

A house in Pontiac, Michigan, was listed for just 78 pence, making it the world's cheapest home. The two-bedroom property, needing extensive repairs, was last priced at $4,092 in February 2023 but is expected to sell for around $45,000 to $50,000. The house has significant damage, including missing walls and overgrown shrubbery. It has been vacant for several years and requires major renovations. The listing agent has used creative marketing to highlight its potential despite its poor condition. This unusual sale contrasts sharply with rising house prices and the challenges faced by first-time buyers, who typically are over 30 years old. The property’s low price has attracted attention, but it comes with considerable renovation needs.