And i bet once the city (if ever) starts to rebound, all those investing restrictions will go out the window and the CACs will be allowed to go in and buy everything. All its going to take for a investor to pay the right person.
To the "Black people need to own property and practice group economics" people: How about Detroit?
- Thread starter Responsible Allen Iverson
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And i bet once the city (if ever) starts to rebound, all those investing restrictions will go out the window and the CACs will be allowed to go in and buy everything. All its going to take for a investor to pay the right person.
I think I understand what you're saying, so will they have someone available to move in as soon as the house is done?
I am someone who makes the money to do this, lives in Michigan (as stated in your first post) and is interested as to how well this would play out in the long run since things are still looking very bleak.
They really need to look at an investor (or several) and make them upgrade blocks upon blocks of houses. You're just not going to get enough individuals with the capital as well as the mindset to buy, update as well as live in the types of neighborhoods theses houses are in.
You should read the rules on the website if you are interested, but I think if you are a Michigan resident, you don't have to move in yourself but somebody needs to occupy the house after the work is complete. They do not want houses sitting with no residents.
I was looking at the FAQ's. So you have to use their lender to get that taken care of. So I was half wrong.
11. Will I be responsible for any back taxes or water bills owed on the property?
For properties purchased with federal funds, the Land Bank will pay all delinquent taxes, water bills and liens at closing. Purchaser will be responsible for paying real property taxes assessed against the Property during the current calendar year and all future years.
For all other properties, Purchaser will pay all delinquent taxes, water bills and liens at closing. Purchaser will also be responsible for paying real property taxes assessed against the Property during the current calendar year and all future years.
I was looking at the rules which says this: "If there were any property taxes still due from previous years, the Land Bank will resolve them before the closing. The winning bidder will not be responsible for them."
So, they need to clarify that in the rules.
What do they mean by properties purchased with federal funds?
BACK TAXES ARE FORGIVEN FOR THIS.
Yeah I'm not sure about that either. I'm assuming you have to use one of their banks in order to get the taxes and all that crap taken care of. If you use cash, then you'd be responsible. Hopefully if someone participates in this they will iron out those details.
cleanface coney
WENT LEGIT
http://www.myfoxdetroit.com/story/26097278/new-manufacturing-plant-to-open-in-detroit
DETROIT (WJBK) -A new manufacturing plant backed by The White House was supposed to be in the suburbs, but the multi-million dollar investment
is now headed for a plant in Detroit.
"This is a big fill-in-the-blank deal. This is a huge deal," says William Jones, CEO
of Focus: HOPE.
Focus: HOPE was the backdrop of the big announcement Wednesday that a $148 million lightweight metals institute was opening.
"We want to make sure Detroit is at the forefront again," says Mayor Mike Duggan.
The institute, Duggan says, will move cutting edge lightweight metals right into cars, trucks andmilitary
planes and ships. It is set to open this fall in Corktown but was originally going to be located in Canton.
"I listened to President Obama talk about the project that was going to be in Canton, and the first thing I thought was, 'Canton? Why can't we do this in Detroit?'" says Detroit City Council President Brenda Jones.
Sitting empty since 200, a building on Rosa Parks will house the new manufacturing institute. Eventually, two dozen employees will work inside but Duggan says the positive job impact and the training Detroiters will receive will stretch beyond city limits.
"If Detroit is the leader in producing the skills to make those parts, I think we have a leg up in attracting future business
," says Duggan.
The new location is close to Focus: Hope along with four other schools that will offer students internships and technical work.
Seeing the revitalization of midtown and downtown, Duggan says this is the first giant step into revitalizing neighborhoods and bringing back Detroit.
DETROIT (WJBK) -A new manufacturing plant backed by The White House was supposed to be in the suburbs, but the multi-million dollar investment
is now headed for a plant in Detroit. "This is a big fill-in-the-blank deal. This is a huge deal," says William Jones, CEO
of Focus: HOPE. Focus: HOPE was the backdrop of the big announcement Wednesday that a $148 million lightweight metals institute was opening.
"We want to make sure Detroit is at the forefront again," says Mayor Mike Duggan.
The institute, Duggan says, will move cutting edge lightweight metals right into cars, trucks andmilitary
planes and ships. It is set to open this fall in Corktown but was originally going to be located in Canton."I listened to President Obama talk about the project that was going to be in Canton, and the first thing I thought was, 'Canton? Why can't we do this in Detroit?'" says Detroit City Council President Brenda Jones.
Sitting empty since 200, a building on Rosa Parks will house the new manufacturing institute. Eventually, two dozen employees will work inside but Duggan says the positive job impact and the training Detroiters will receive will stretch beyond city limits.
"If Detroit is the leader in producing the skills to make those parts, I think we have a leg up in attracting future business
," says Duggan. The new location is close to Focus: Hope along with four other schools that will offer students internships and technical work.
Seeing the revitalization of midtown and downtown, Duggan says this is the first giant step into revitalizing neighborhoods and bringing back Detroit.
cleanface coney
WENT LEGIT
i only logged on cuz im free right now.... but i just wanted to post this
nikkas think its a game right now
i bet not ever see yall nikkas talkin shyt
cuz while the average person cracking jokes about Detroit
shyt is getting done up here
nikkas think its a game right now
i bet not ever see yall nikkas talkin shyt
cuz while the average person cracking jokes about Detroit
shyt is getting done up here
Kenny West
Veteran
how much they charge for a parking lot, fukk a house. im tryna recoup
you better move fast my nikka
