FASTEST GENTRIFYING NEIGHBORHOODS '2019

[Darius Kellar]

One of the things I here all the time as a landlord is "rent is too high".  I am from a city outside of Detroit where the real estate was extremely cheap and still relatively is in some spots.  So many people will complain about the rent but even worse will not buy a property in their own neighborhood. 

As I am writing this the homes are getting more expensive in Detroit metro area lol.  In my city Pontiac, 2 years ago it was normal to buy a 3 bed 1 bath 2 car garage house for 50K.  That has turned around to more like 100K now.  It is obvious the people from here are definitely not buying the properties. 

This is even more baffling that my area is 1 on the diagram. What is your take on Gentrification ?

[Marisa R.]

Originally posted by @Darius Kellar:

One of the things I here all the time as a landlord is "rent is too high".  I am from a city outside of Detroit where the real estate was extremely cheap and still relatively is in some spots.  So many people will complain about the rent but even worse will not buy a property in their own neighborhood. 

As I am writing this the homes are getting more expensive in Detroit metro area lol.  In my city Pontiac, 2 years ago it was normal to buy a 3 bed 1 bath 2 car garage house for 50K.  That has turned around to more like 100K now.  It is obvious the people from here are definitely not buying the properties. 

This is even more baffling that my area is 1 on the diagram. What is your take on Gentrification ?

Yes

I know, have been playing in Detroit market for 12 months, 10 properties later and many have already appreciated

Have to buy the right product in right area. Still cheap as chips, wont last ....