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Home owner offers his house for iPhone

New York - A homeowner in Detroit wants to trade his property for a new iPhone after he failed to find a buyer for his run-down house currently listed for $3 000, a local TV station reported on Tuesday.

The three-bedroom, one-and-a-half-bathroom colonial house in Detroit's east side had been originally listed for $5 000.

The house is a victim of the economic dive taken by Detroit, once the thriving heart of the global car industry and now home to an estimated 78 000 abandoned buildings.

It wasn't long before the house owner decided to simply settle for the latest Apple gadget.

"It's a real listing," real estate agent Larry Else told local channel Fox 2. "My client, he is from overseas, and he told me he would be willing to trade the property for an iPhone 6... It sounds to me like he wants the premium version, but I'm sure he's willing to negotiate."

In fact, the owner would be up for trading the house even for a 32GB iPad.

While the swap might seem like a bargain, the new owner would also have to pay $6 000 in back taxes.

Currently, an Apple 6 Plus costs between $749 and $949 - without a contract with a carrier, and depending on storage capacity.

The Michigan city, which filed for bankruptcy in 2013, has suffered a long decline along with the Big Three US automakers, coupled with racial strife, suburban flight, mismanagement and corruption.

Motor City's population has dropped below 700 000 from a peak of two million in the early 1950s.

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