Don't bulldoze buildings there. Blow them up for movies!

http://www.youtube.com/watch?v=jtde8GOCbtI&playnext_from=TL&videos=-CJhrQ7XbYg&feature=grec_index

:-)

Detriot....explosion for movies capital of the world. That has a nice ring to it!

It seems you can make more from destroying these building than selling them.

I come from Detroit. You no say Detroit weak! Detroit strong!

Detroit is game to you!

Eh?

Detriot is strong at what? Evictions?

Tom, tell us about your market area. I'm an outsider and have only heard bad news. What's your take on the Detroit area market?

Tom, tell us about your market area. I'm an outsider and have only heard bad news. What's your take on the Detroit area market?

Well, it's not my market area. I live in hawaii. I was raised in Detroit, but haven't lived there since 1974.

It depends on your strategy (flip, Landlord...etc.). I wouldn't invest in Wayne County except in Canton or Livonia.

I may end up buying a property or two in Grand Rapids or Kalamazoo. Just picked up some gossip that more people are moving to Kalamazoo, and that this city is stealing some of the medical industry biz from GR. Got this from a pharmacist from GR who is stationed in Hawaii with her Army husband.

But the Detroit suburb I grew up in (Wayne) has declined steadily since I left decades ago, although Ford's Michigan Truck Plant is still there and doing okay.

Metro Detroit might be okay as a long term play. As my Dad recently said (still spry at 83): "GEEZ OH PETE! I can't believe how low these home prices are! SOMEBODY is gonna make a lot of money somewhere down the road, Won't be me though, I probably won't be here!"

TC

Detroit is good for one thing. Profitable deals!! No I am not talking about the BS $1000 houses that everyone wants to sell. They are just that, pieces of crap.

But, I digress, that is for on-topic discussions. Detroit downtown will never be vibrant, but the surrounding suburbs are amazing. Did you know Oakland county which is 15 minutes north of Detroit was the second richest county in north america? There is a ton of cash in Michigan, too bad the governess tries to tax it all away from us!!

Originally posted by @Kevin Kaczmarek :

Detroit is good for one thing. Profitable deals!! No I am not talking about the BS $1000 houses that everyone wants to sell. They are just that, pieces of crap.

But, I digress, that is for on-topic discussions. Detroit downtown will never be vibrant, but the surrounding suburbs are amazing. Did you know Oakland county which is 15 minutes north of Detroit was the second richest county in north america? There is a ton of cash in Michigan, too bad the governess tries to tax it all away from us!!

Just read this 8 year old post saying "Detroit downtown will never be vibrant."  As I type, there are only three listings in downtown Detroit under $250k, while there are five over $1 million.

@Michael Harris Well said!  Detroit is the Nation's Comeback City!

@Michael Harris lol was just thinking the same thing I love going back in time. Should of followed my guy when I lived there

Originally posted by @Troy Bailey :

@Michael Harris lol was just thinking the same thing I love going back in time. Should of followed my guy when I lived there

There are still deals to be had in Detroit... though maybe not downtown.  The East Jefferson Corridor will see exponential growth in the next 5 to 10 years.  Lafayette Park, Elmwood Park, The Villages, the riverfront, and Jefferson Chalmers are already seeing new commercial development.  There's even talk of development near Conner Creek.  Much like Woodward links downtown to the northern suburbs, Jefferson is the commercial link to the Grosse Pointe neighborhoods.  Right now, capital is focused on Kercheval but it doesn't have the growth potential of Jefferson.

Well I have to be honest, I would have never imagined the headliner from the Learning Annex when I wrote this would be the president now.  Detroit made a concentrated effort to appeal to the hipster - which was smart as heck.  They have a shot at becoming Atlanta of the North.