To the "Black people need to own property and practice group economics" people: How about Detroit?

[Responsible Allen Iverson]

The city of Detroit is auctioning houses at this website: http://buildingdetroit.org/

The houses start at $1000. They have to be brought up to code in 180 days, and if you are not a Michigan resident, you have to live in the property after fixing it.

Detroit is 83% black, so this is the perfect opportunity to own property and live in a majority black city where practicing "group economics" is easier. Imagine a city full of Coli dudes making six figures working in IT with certs out the ass.

 

[Detroit Wave]

you know them cats are fraudulent. Detroit could easily become a powerful black city

looking at copping a rental property by next spring

 

[Knicksman20]

The city of Detroit is auctioning houses at this website: http://buildingdetroit.org/

The houses start at $1000. They have to be brought up to code in 180 days, and if you are not a Michigan resident, you have to live in the property after fixing it.

Detroit is 83% black, so this is the perfect opportunity to own property and live in a majority black city where practicing "group economics" is easier. Imagine a city full of Coli dudes making six figures working in IT with certs out the ass.

That would be pretty crazy. If any modern deserves this it would be Detroit. The major obstacle I see would be employment there.

 

[Detroit Wave]

That would be pretty crazy. If any modern deserves this it would be Detroit. The major obstacle I see would be employment there.

business is picking up downtown. and the minimum wage is rising

there was a convention/fair for a bunch of tech start ups looking for investors a couple weeks back.

 

[Maddmike]

Hell they better hurry up before the CACs roll through buying shyt. Theres no reason why residents shouldnt have 3-4 houses at that price.

 

[Responsible Allen Iverson]

Hell they better hurry up before the CACs roll through buying shyt. Theres no reason why residents shouldnt have 3-4 houses at that price.

Yeah, that's what I was thinking. If you get a house for cheap, the costs to fix it up will probably be less than the house will be worth once the neighborhoods start improving. Black people can get in on the ground floor of this before white people gentrify the city. A lot of Detroit residents are poor though, so they can't just buy property like that.

 

[NatiboyB]

I'm down...my only issue would bee actually getting there and inspecting the property...if it was a group I'd Damn sure.buy in.

 

[mtu wa chuma]

We would rather talk about it on the internet if that's okay with you.

 

[Responsible Allen Iverson]

I'm down...my only issue would bee actually getting there and inspecting the property...if it was a group I'd Damn sure.buy in.

Yeah, you have to be there to inspect the property and make sure you can fix it in time. The rules are set up so people will have to move to Detroit and live there instead of just buying cheap property to sit on it.

 

[Maddmike]

Yeah, that's what I was thinking. If you get a house for cheap, the costs to fix it up will probably be less than the house will be worth once the neighborhoods start improving. Black people can get in on the ground floor of this before white people gentrify the city. A lot of Detroit residents are poor though, so they can't just buy property like that.

Well the drug dealers and pimps need to smarten up...This could be a big move for people in that position to get some of that "corporate" money. Nikkas need to start thinking ahead man

 

[Akata Man Bromo]

 

[Responsible Allen Iverson]

We would rather talk about it on the internet if that's okay with you.

That's exactly why I created this thread. People can actually do something instead of discussing the same points in every thread where this comes up.

 

[NatiboyB]

Yeah, you have to be there to inspect the property and make sure you can fix it in time. The rules are set up so people will have to move to Detroit and live there instead of just buying cheap property to sit on it.

Yeah I can't even do it I'm going to be doing to much training over the next 8 months.

 

[AtomicUse]

The catch is that you have to live there after you fix it. If you don't live in the state.

As desolate as Detroits economy is, the only people in a position to buy are in a small percentile.

It's got to be some brothers/sisters with a few grand laying around though.

 

[AtomicUse]

If I worked way up on the north border of Illinois , I could rent an apartment in Michigan to claim residency, then start buying property like crazy.

I suspect that's what some of the people with money from Illinois will start doing.