Buying Detroit

[blockburna420]

I don't mind sitting on it for a minute. I really don't know what Detroit is looking like in terms of where the city is going tho.

unless u got industrial or commercial money real estate aint the way to go

 

[DrX]

i would only buy if the city started to gentrify....which it will because lazy trust fund hipsters like living in dangerous places

 

[notwhoiusedtobe]

I'm looking to make a move and invest, is Detroit a good place to start? What's the going price for properties in the downtown areas?

 

[IAmGettingAMailOrderBride]

Bruh, houses for 3k?!?!

Where do I sign up


- blackierobinson

 

[Apollo Creed]

To be honest they can have detroit, lol michigan aint for black folks, too damn cold. Id rather invest in farmland in the south.

 

[Black Magisterialness]

I'm looking to make a move and invest, is Detroit a good place to start? What's the going price for properties in the downtown areas?

It's too late for Downtown, its been bought up already. And the adjoining areas (Corktown, Midtown/Cass Corridor, Brush Park, West Village etc) are all being bought up too. If you didn't get in 4 years ago, you can't now anywhere south of I-94 and East of i-96.

Bruh, houses for 3k?!?!

Where do I sign up


- blackierobinson

Yeah, you can get them...but not after you pay 45k in back taxes on the property, put in another 50k to get it to liveable conditions, perhaps another 50k to make in sweet. And you'd still be in an area where the services are ass and you'd be the only house on the block worth more than 40k.

It can't be a bunch of isloated people doing it, it has to be large communities of people coming into areas and revitalizing. Corktown was ass for the decade or so after the Tigers moved off Michigan & Trumbull to Comerica. It took those hippies to come in I hate to say.

 

[IslandG]

Isn't there some law that says if you buy property there you have to live there?

 

[CashmereThoughts]

Most of them need a bunch of work as does the surrounding area. Even if you fix yours the ones around it would need the same treatment. Definitely a project for a very rich person or a bunch of well off people to tackle.

The cash out is inevitable tho. Pretty sure cacs is wAiting to gentrify

 

[↓R↑LYB]

The cash out is inevitable tho. Pretty sure cacs is wAiting to gentrify

Supposedly Asians are trying to take over Detroit.

 

[CashmereThoughts]

Supposedly Asians are trying to take over Detroit.

What Africans doing about it

 

[↓R↑LYB]

What Africans doing about it

Nothing that I know of. But supposedly the Chinese government is really trying to make Detroit the next big Chinatown.

 

[Yup]

Where are all these wealthy african americans? @Poitier @marcuz

 

[CashmereThoughts]

Nothing that I know of. But supposedly the Chinese government is really trying to make Detroit the next big Chinatown.

No reason why they can't. shyt they got flushing looking like Shanghai

 

[-DMP-]

Wasn't Dr. Claude Anderson trying to do something with detriot? I know I read something in passing on here about it.

 

[marcuz]

Where are all these wealthy african americans? @Poitier @marcuz

why do you keep tagging me with stupid ass questions, as if you've made a valid point?