Why does everyone hate Michigan so much?

[Chad Harter]

I'm trying to understand why so many people stay away from investing in Michigan?  There are homes everywhere for 30k.  I realize there is no appreciation, but the cash flow seems great.  $700-$900 a month in rent for a 30k investment.  What am I missing?  Maybe I've just listened to too many podcasts with @Brandon Turner and @Joshua Dorkin  

[Richard Dunlop]

Originally posted by @Chad Harter:

I'm trying to understand why so many people stay away from investing in Michigan? 

 ...I realize there is no appreciation, ....@Brandon Turner and @Joshua Dorkin  

???

???

I invest in Detroit and Detroit suburbs BECAUSE the appreciation is better than ANYWHERE else!

 The amazing cash flow is gravy.