A New Way Out In Michigan

Planet Money listener and self-described "Michigan exile" Chad S. sends along the story of a Michigan couple who are using an economy themed essay contest to sell their home. With an entry fee of $750, the couple hope to raise enough money to sell the farmhouse and start a new life in South Carolina. Besides the fee, entrants are required to write a 500 word essay about how the economy has affected their lives and how winning the home would change that. The Flint Journal reports:

"We want to help someone start their life over, along with ourselves," he said.

Worley, 51, and Debra, 49, have lived in the farmhouse for five years.

He said the 1,200-square-foot home, built in 1892 and possibly eligible for designation as a centennial farm, is worth about $245,000, but he'd be lucky to get half that through a sale in the present economy.



Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

NPR thanks our sponsors

Become an NPR sponsor

Support comes from