Should We Be Second Guessing This Billionaire?
When it comes to Detroit and the various outlooks that real estate Investors harbor in regard to whether or not to deploy capital, I am neither advocate, activist or torch bearer for the city.
I will however submit that when a billionaire takes a 1.3 billion dollar CASH position in real estate over the course of four years leading right up to here in 2014 in a "dying" city, it might cause one to entertain a possible rethink about our beloved Motor City and the future it may hold.
After all, as 2013 Census data will indicate, the metro Detroit area is still ranked as the 15th largest in the nation with 4+million folks residing, ranked just below a very favored yet crowded Phoenix Az investing market.
Do your homework and give it some thought. Here's something to read whilst thinking...
http://www.forbes.com/sites/joannmuller/2014/09/29...