Who thinks Detroit will turn around within the next 5 years?
Detroit, MI · Member since 2014 · 40 posts · 5 votes
Who thinks Detroit will turn around within the next 5 years?
Most Popular Reply
I have to reject the premise of the question because it asks if "Detroit" will turn around in 5 years. What is "Detroit"?
If you know the city then you know it's the size of Boston, San Francisco and Manhattan combined. It's not one monolithic neighborhood and it never has been.
Some areas clearly have momentum. There are areas where rentals are hard to find, waiting lists abound and landlords with desired properties have increased rents from $1100/mo. to $1500/mo. in one year.
There are other areas that are bad and getting worse. And then there is the urban prarie, the land that was occupied by many of the 2 million people who lived in the city in the 50's, that's now vacant and fallow.
There's not just one story of Detroit, or one future trajectory. Like many cities, Detroit real estate is neighborhood by neighborhood.
We can discuss the city's overall finances, or mass transit, or the local economy and refer to "Detroit" as one entity, but when looking at a "potential turnaround" you better specify the neighborhood or even the cross streets.
130 Replies
Originally posted by @Tom A.:
Originally posted by @David O:
Originally posted by @Scott K.:
Originally posted by @David O:
Certain areas of Detroit are already "coming back". In 5-10 years the perception of Detroit will be different. There are alot of powerful figures that are actively investing in "rebranding" Detroit and they have a good track record. Now is the time to invest IMO. You really need to know the area though. I'm not talking about investing in some $500 house in the middle of nowhere on the eastside. Corktown, Midtown and Downtown are the hot spots right now and it will grow outward into other neighborhoods. New Center, Mexicantown, Brush Park and other areas are luke warm. Some areas are dead cold. There is alot of rehab going on and alot of new businesses opening in the hot areas. Smart people are investing in Detroit right now. Follow the money. If my money wasn't tied up right now I would be investing in Detroit. I plan to in the next couple years. If anyone wants to partner up message me ;). I live Downtown and work Downtown and really "get" the pulse of this area.I said Corktown in an earlier post. Its the cheapest way to get into the game. With Cork town being one of the closest hoods to downtown that is not bombed out it will be worth a shot.
Yes smart people are investing but those people are big big big money to think that an average investor could get in on those deals is silly. Those deals never even reach the market. To get into the downtown area you need to get approval from the downtown economic club that holds the cards
Yep, I agree. Corktown right now would be the easiest and cheapest way to get in. I wasn't saying to invest in downtown, as yes I agree, that would be hard. My point is basically that the people investing downtown and midtown have a huge incentive to expand this growth. If Detroit truly "comes back" ( at least Downtown, Corktown, Midtown, Southwest, Brush Park) then they are going to transition from being millionaires to being billionaires. I would not invest in a lot of neighborhoods in Detroit except for a select few. Either way it will be risky, but with risk comes great reward ;)
My perspective is that it's too late to be "getting into" Corktown. 5, 10 or even 20 years too late. Houses in Corktown are going for $100K - $250K, when they come up which isn't very often. It's not a very big area. Prices have been strong and supply has been low for years.
You may be able to find a good deal in Corktown, the same way you can find a good deal in Royal Oak or Troy, by beating the bushes and getting a bit lucky, but Corktown isn't a neighborhood that is just starting to get some traction, making the turn around, getting discovered by gays, hipsters and creatives. It's already there, or more correctly, it was there and now it's getting too pricy.
Ehh I agree that buying at the lowest prices is long gone. It depends what you mean by getting into. 5-10 years ago it would have been scary to invest in Corktown. That would have been a great investment though. It was basically a dead zone after Comerica Park was built. There are still a lot of new businesses popping up in that area right now though. Motor City Wine, Sugar House, Mercury Bar, Detroit Institure of Bagels, Astro Cofee, etc have all opened in the last three years. The neighborhoold is reinventing itself into a hip area and I think there is alot of room left to grow. Even suburbian people go to that area (Slows BBQ). Getting a renter in that area would be easy and with the way rents are going, you could get a great investment at the right price. For me, I'd rather invest in Corktown than Royal Oak. Royal Oak is what it is. Corktown is just getting started. It's riskier, but it could work out very well. If Moroun ever does anything with the train station your investment will be looking pretty good.
Detroit is hot right now with the younger crowd. Wayne State University is a big part of why perceptions are changing for the younger generation. Still a lot of work to do, but there are some promising things happening.
Originally posted by @Joe Delia:
Originally posted by @Scott K.:
Originally posted by @Joe Delia:
Detroit is already turning around. The rents in downtown have doubled in 5 years, pushing the old business district people to midtown, driving up midtown rents. There is only one listing on the MLS right now for corktown, for 800sq ft 1 br $120,000. Detroit as a whole will need to shrink it's footprint, and it's going to be a long time before the whole city is realistically functioning but large pockets are improving at an exponential rate.
Todays under 40 population is flocking downtown and that trend is going to continue.
The building department and courts still have a long way to go. We're not that far removed from kwame, so we need to give duggan and the state time to sort the morons out after years of corruption
A perfect example of when people get involved with social engineering. They were paying people to stay downtown instead just letting it happen on its own. Now they priced the very same people that started the comeback down there. I hate the fact that now most of those people have to move.
I think the next area that will make a comeback will be around Motor City casino. In the next 5 years that area should be built up with the new Wings arena going up not that far from there. The problem is where do the poor people move to when that area is back up and boomig
You hate that gilbert offered a carrot to his employees to live around tons of his current investments? They don't have to move, they can just choose to pay more. What else was going to happen when an area "comes back"? You expect rents to stay low because they were there first?
I have a great pulse of the 30 year old demographic, and I'm in the business district all the time due to my wife working for quicken. I understand what is happening and talk to people all the time. Everyone is very optimistic and lots of people in my generation are looking to move downtown.
Can you imagine what brush park is going to look like in ten years? It's going to be amazing.
True. Brush Park could be awesome if it's done right. Plus it would connect Downtown / Midtown to Eastern Market. I work for the same employer as your wife. Most of my building down here works there as well. The perception of Detroit is definitely changing.
- Residential Real Estate Agent · Tampa, FL · Member since 2014 · 177 posts · 122 votes12y
to the original poster, you should seek the advice of experience investors from the NYC area. NYC was in a shambles in the 70's and early 80's. the city was bankrupt, crime was high, it was a dump in a LOT of places. Somehow NYC weathered the storm and came back stronger than ever. I don't see why Detroit couldn't do the same.
- Involved In Real Estate · Rochester Hills, MI · Member since 2010 · 812 posts · 178 votes12y
Originally posted by @Ryan R.:
@Aaron Yates it's apparent that your posts lack one thing; passion! (read facetiously)
While you reject my proposal that a political ideology was the major principle in Detroit's demise, you agree with Rob K. that "the three biggest problems with the city are crime, taxes, and schools. Until you fix those three, there's no hope."
If political ideology affects anything, I think it fair to say, it affects a community's stance on crime, taxes and public education. I agree that the ingredients implicit in Detroit's fall are too numerous to consider and are only hypothesis at best. But, someone or something must be held accountable, and if we do not hold the Leadership of Detroit accountable, whom are pawns in a political ideology, then who is responsible?
One need not be intimate with the inner-workings of Detroit to understand in whole what contributed and lead to this mess; one only needs to look at the City's balance sheet.
While it was a brief visit, I have been to Detroit. Just like I've been to L.A., Spokane, Phoenix, Vegas, Dallas, Houston, Montgomery, Birmingham, Jacksonville, Charleston, Nashville, Knoxville, Lexington, Richmond, NJ, Chicago, Lincoln, Kansas City, Minneapolis and on and on.. And I agree that every city is the same; there's the good and the bad.
I'm sure Detroit has the potential to flourish, but it can't do that at the hands of fools. And thus far, the people of Detroit refuse to elect anyone to the contrary.
@Rob K. already knows duggan has claimed to be fixing this tax issue. We'll see what happens.
Detroit has elected duggan, who i don't believe is a fool and i'd be surprised if you can find ANYONE on this forum who will say he is a fool.
- Involved In Real Estate · Rochester Hills, MI · Member since 2010 · 812 posts · 178 votes12y
Originally posted by @Chris Clothier:
Originally posted by @Aaron Yates:
Keep an open mind everyone. Don't accept the accepted. Create your own path.I have exactly zero experience with Detroit and like most investors I only know what I hear from other real estate investors and read in the news or on sites like this one. I liked this 3-sentence quote from what you said earlier. I think a city itself is too broad for this statement to apply, but then again...don't listen to me, right! It takes people who are passionate and believe for any endeavor to come to fruition. It takes more than slogans, but a city like Detroit, which is identified as an iconic American city from the past, can absolutely come back and be a great city of influence again. It is going to take a change in mindset for both elected officials and residents. It will also take a mindset shift on the part of investors promoting the city and developing properties for sale to out of area investors. A shift in focus to high integrity, realistic returns, attracting experienced investors who understand long-term holds and the risks associated with a re-development of a city that has seen so much negative.
Before anyone says I said companies selling Detroit don't or didn't have integrity or realistic returns, I am not saying that. But there has been a perception, and some of it rooted in reality, that companies have been taking advantage of naive investors. There has been a perception that some opportunists had hurt the reputation of the market. That is true in every city, but it may have just seemed to be more pronounced in Detroit or at least more talked about. So for a city to overcome that, it is going to take some really high-integrity companies and individuals to be transparent and start telling a better story for the city. It is going to take people who are open-minded and don't accept what cannot be done...they are going to be too busy doing what others think is impossible!
I knew you wouldn't be able to help yourself from commenting on an active detroit thread. Where's ali now so the typical agenda pushers can be heard?
Originally posted by @Joe Delia:
@Rob K. already knows duggan has claimed to be fixing this tax issue. We'll see what happens.
Detroit has elected duggan, who i don't believe is a fool and i'd be surprised if you can find ANYONE on this forum who will say he is a fool.
It's not just property taxes, but also a city income tax. I know I would NEVER live in a city that charges income taxes. It's bad enough that the state charges income taxes when other states don't.
I agree that Duggan is a good choice for the city, but I don't see the crime and schools getting better anytime soon. Those will have to be fixed in order for families to WANT to live in the city.
These suburbanites moving to the city will have a big decision to make when they have kids - pay for private school and drive the kids who knows where, put the kids in public school, or move to the suburbs. I would bet on option #3.
@Joe Delia , I retract my claim that Duggan is a fool. I'll sit back and patiently observe from afar.
Best of luck Detroit.
- 12yChris ClothierBusiness MemberRental Property Investor · memphis, TN · Member since 2009 · 2k+ posts · 3k+ votes
Originally posted by @Joe Delia:
Originally posted by @Chris Clothier:
Originally posted by @Aaron Yates:
Keep an open mind everyone. Don't accept the accepted. Create your own path.I knew you wouldn't be able to help yourself from commenting on an active detroit thread. Where's ali now so the typical agenda pushers can be heard?
As I was typing it I was thinking about you calling me out for my mis-statement about Detroit!
I flubbed my facts about the city in the past and should have included your name on the thread as the kind of guys that believe whole-heartedly in the city. I thought I was highlighting a good thing for the city itself! You need more positive people telling the cities' positive story...that is all I was highlighting.
- Involved In Real Estate · Rochester Hills, MI · Member since 2010 · 812 posts · 178 votes12y
Originally posted by @Rob K.:
Originally posted by @Joe Delia:
@Rob K. already knows duggan has claimed to be fixing this tax issue. We'll see what happens.
Detroit has elected duggan, who i don't believe is a fool and i'd be surprised if you can find ANYONE on this forum who will say he is a fool.
It's not just property taxes, but also a city income tax. I know I would NEVER live in a city that charges income taxes. It's bad enough that the state charges income taxes when other states don't.
I agree that Duggan is a good choice for the city, but I don't see the crime and schools getting better anytime soon. Those will have to be fixed in order for families to WANT to live in the city.
These suburbanites moving to the city will have a big decision to make when they have kids - pay for private school and drive the kids who knows where, put the kids in public school, or move to the suburbs. I would bet on option #3.
Well crime HAS dropped. But i'm with you for the most part.
- Involved In Real Estate · Rochester Hills, MI · Member since 2010 · 812 posts · 178 votes12y
Originally posted by @Chris Clothier:
Originally posted by @Joe Delia:
Originally posted by @Chris Clothier:
Originally posted by @Aaron Yates:
Keep an open mind everyone. Don't accept the accepted. Create your own path.I knew you wouldn't be able to help yourself from commenting on an active detroit thread. Where's ali now so the typical agenda pushers can be heard?
As I was typing it I was thinking about you calling me out for my mis-statement about Detroit!
I flubbed my facts about the city in the past and should have included your name on the thread as the kind of guys that believe whole-heartedly in the city. I thought I was highlighting a good thing for the city itself! You need more positive people telling the cities' positive story...that is all I was highlighting.
No, it's not all you were highlighting. You are trying to pin the perception that turn-key companies in detroit are shady, when in reality it's turn-key companies in general, regardless of city, that are guilty of being shady until proven innocent.
Look, the agenda is clear. You cleverly word your posts as someone of knowledge and make no commitments either way, but then slide in some negativity about the city but then say you're not being negative. It's obvious. Now a new investor will seek you out asking where is a better place to invest, ironically enough you run a turn key company! SHOCKING!
Or in others case, get a referral fee by sending people to other parts of the country.
Plant the seed that your competition has to overcome being shady, while offering that same product. It's agenda pushing plain and simple. Frankly I find it transparent.
It's like me quoting your original post and saying "we all know you've been very wrong before, but you're probably not wrong all the time". I've started the intrigue as to what you've been wrong about, but then to cover my *** i've backtracked to say you're probably not always wrong.
- Involved In Real Estate · Rochester Hills, MI · Member since 2010 · 812 posts · 178 votes12y
Originally posted by @Chris Clothier:
Originally posted by @Joe Delia:
Originally posted by @Chris Clothier:
Originally posted by @Aaron Yates:
Keep an open mind everyone. Don't accept the accepted. Create your own path.I knew you wouldn't be able to help yourself from commenting on an active detroit thread. Where's ali now so the typical agenda pushers can be heard?
As I was typing it I was thinking about you calling me out for my mis-statement about Detroit!
I flubbed my facts about the city in the past and should have included your name on the thread as the kind of guys that believe whole-heartedly in the city. I thought I was highlighting a good thing for the city itself! You need more positive people telling the cities' positive story...that is all I was highlighting.
I could have said "Chris you've been wrong with numbers, so maybe your companies turn key numbers are wrong, but they probably aren't", but I didn't.
We can play this game all day.
- 12yChris ClothierBusiness MemberRental Property Investor · memphis, TN · Member since 2009 · 2k+ posts · 3k+ votes
@Joe Delia - I don't think we met at the BP conference and can't imagine where we would have met otherwise, so I'm gonna let your rant slide off my back and chalk it up to a bad day for you. You don't know me well enough to suppose you know what I meant from a few typed sentences. It looks from the other comments that there are plenty of Michigan investors who are telling the a different on the ground story for Detroit. I will let you fight it out with them. Best of luck to you.
@Account Closed both of you made posts about staying positive. I originally tried to highlight your post Aaron and commend you for those 3 sentences about a positive attitude and approach. If you believe in what you are doing, then you can have a positive effect on your city. It may be small, but it may also be the most one man and one company can do and that can make all the difference. I have not a clue where Detroit will be in 5, 10 , 15 or 20 years, but I know that Memphis overcame a lot since the 70's and has continued to go up and down over the last decade. Stay positive and just make your little piece happen.
- Involved In Real Estate · Rochester Hills, MI · Member since 2010 · 812 posts · 178 votes12y
Originally posted by @Chris Clothier:
@Joe Delia - I don't think we met at the BP conference and can't imagine where we would have met otherwise, so I'm gonna let your rant slide off my back and chalk it up to a bad day for you. You don't know me well enough to suppose you know what I meant from a few typed sentences. It looks from the other comments that there are plenty of Michigan investors who are telling the a different on the ground story for Detroit. I will let you fight it out with them. Best of luck to you.
@Account Closed both of you made posts about staying positive. I originally tried to highlight your post Aaron and commend you for those 3 sentences about a positive attitude and approach. If you believe in what you are doing, then you can have a positive effect on your city. It may be small, but it may also be the most one man and one company can do and that can make all the difference. I have not a clue where Detroit will be in 5, 10 , 15 or 20 years, but I know that Memphis overcame a lot since the 70's and has continued to go up and down over the last decade. Stay positive and just make your little piece happen.
It's neither a rant nor a bad day. Life is good.
Had I just been called out for being passive aggressive to bash one city to promote my business, I'd want to move on asap as well.
Lets do this, you stop passive aggressive statements about detroit, and I'll stop pointing out how you can't stop posting passive aggressive statements about detroit.
- 12yCurt DavisBusiness MemberFlipper/Rehabber · Memphis, TN · Member since 2008 · 5k+ posts · 2k+ votes
I dont know much about Detroit except it has a loooooonnnngggg way to go before it gets a good reputation again not only as a place to invest but a place that people will want to move back to. Its sad that the Detroit economy has gone sideways like it has.
The people who live in Detroit would be the expert on what the long term outlook would be.
Curt Davis - KAIZEN Realty538 Reviews - Wholesaler · Holiday, FL · Member since 2013 · 571 posts · 221 votes12y
That is an interesting statement. Because it is my opinion that it is far likelier for people who do not live anywhere near Detroit to have the better perspective on Detroit's long term outlook. <g>
Originally posted by @Curt Davis:
I dont know much about Detroit except it has a loooooonnnngggg way to go before it gets a good reputation again not only as a place to invest but a place that people will want to move back to. Its sad that the Detroit economy has gone sideways like it has.
The people who live in Detroit would be the expert on what the long term outlook would be.
Originally posted by @Joe Delia:
Originally posted by @Scott K.:
Originally posted by @Joe Delia:
Detroit is already turning around. The rents in downtown have doubled in 5 years, pushing the old business district people to midtown, driving up midtown rents. There is only one listing on the MLS right now for corktown, for 800sq ft 1 br $120,000. Detroit as a whole will need to shrink it's footprint, and it's going to be a long time before the whole city is realistically functioning but large pockets are improving at an exponential rate.
Todays under 40 population is flocking downtown and that trend is going to continue.
The building department and courts still have a long way to go. We're not that far removed from kwame, so we need to give duggan and the state time to sort the morons out after years of corruption
A perfect example of when people get involved with social engineering. They were paying people to stay downtown instead just letting it happen on its own. Now they priced the very same people that started the comeback down there. I hate the fact that now most of those people have to move.
I think the next area that will make a comeback will be around Motor City casino. In the next 5 years that area should be built up with the new Wings arena going up not that far from there. The problem is where do the poor people move to when that area is back up and boomig
You hate that gilbert offered a carrot to his employees to live around tons of his current investments? They don't have to move, they can just choose to pay more. What else was going to happen when an area "comes back"? You expect rents to stay low because they were there first?
I have a great pulse of the 30 year old demographic, and I'm in the business district all the time due to my wife working for quicken. I understand what is happening and talk to people all the time. Everyone is very optimistic and lots of people in my generation are looking to move downtown.
Can you imagine what brush park is going to look like in ten years? It's going to be amazing.
No no no I am saying in the end it will be a good thing. The true meaning of how Detroit is doing is when people don't need to be bribed to live down there. I walk around downtown every so often to get the feel of how it should have been when I was younger. It angers me sometimes that I didn't have a chance to have that chance of living downtown and enjoying that type of living. I am older and married so now that will never happen.
That's why I laugh at the younger people that think it was always like that and wonder why older white people are still a little scared to go downtown.
I am not a big fan of Gilbert. I remember hearing those stupid radio adds for all the crazy loans they were giving away. Interest only and all the other garbage they were peddling.
Gilbert is a smart man he knew that was impossible to ever work in the long run. Also I am libertarian so I am not a big fan of people getting taxpayer money for their own business. That should have never of happened
- Detroit, MI · Member since 2014 · 40 posts · 5 votes12y
@David DuCille I will be glad to get the insight of the experience investors in NYC & get a better understanding of when to invest. I've said it once & I'll say it again this sight is AMAZING. I have learned FAR more reading articles, forums, & opinions of investors local&afar!!! If you would be so kind as to give me a name or 2 of those investors from the NYC I'd greatly appreciate it. Thanks again.
Now as far as where to invest in our city & what area's are hot right now guys @Joe Delia @Scott K. @David O. @Tom A. if Corktown is the cheapest but is still expensive & very very limited on properties what would you all recommend for a beginning wholesaler like me??? I'm extremely eager to get started & be a part of our cities growth & it's obvious it's been happening for some time now from what you all are saying. You guys are experienced investors & your opinions on my question i asked in this forum surpass any advice/opinions I expected to hear! Everyone of you seems to be right. What should I do as a wholesaler, where do I began to look if I were a birddog for either of you looking for the next best area to invest in in the city???
- Detroit, MI · Member since 2014 · 40 posts · 5 votes12y
I like this guy @Joe Delia for keeping it "real" as we would say up here in Detroit. Being straightforward & putting people in the hot seat for trying to bash cities can only be appreciated by someone like me who doesn't know as much about this business but can see others arrogance/ignorance!
- Involved In Real Estate · Rochester Hills, MI · Member since 2010 · 812 posts · 178 votes12y
I'm no detroit expert as far as the neighborhoods and street by street. Come to Renegade Detroit Investors association tonight. Plenty of Detroit investors who can point you in the right direction.
This issue with Chris is an ongoing issue that he cannot help himself from posting on Detroit threads that are active, not just this one.
Curt, Adam, and Ali typically weigh in, Curt and Adam at least are haters and don't hide it, Ali will throw out random "facts" yet will never come back to support them, and chris is passive aggressive. Go back and read any detroit thread with more than 20 posts. You'll see the same posts from the same cast of characters doing exactly what I just said.
Bigger pockets future needs to be one where you cannot just go in and bash a city w/o some substance behind it or else your post will be hidden. Agenda pushing in the 4+ years I've been on this site is at an all time high.
It's not hard to bash detroit with substance. Probably the easiest target in america from the outside looking in.
- Mechanicsburg, PA · Member since 2013 · 3k+ posts · 2k+ votes12y
The book "Devils Night" by Zev Chafets, who lived in Detroit is an interesting read and has recently been re-published.
It will take much longer than 5 years for Detroit to come back. If I recall correctly in 1960 Detroit was the wealthiest city in the US and was the same size as Los Angeles.
And Detroit is not the only Detroit.
- 12yDeborah BurianPro MemberRental Property Investor · Oklahoma City, OK · Member since 2013 · 1k+ posts · 412 votes
I moved to the Southwest (think drought) from Cleveland so have more than a passing familiarity with the Rust Belt issues. Leaving aside the current social and economic issues, there is an underlying reason for Detroit to remain a manufacturing center and ultimately to come back as a city - an abundant supply of water... Yes, it has issues now and like Cleveland, will need to find an effective way to contract to a sustainable size. When that is achieved, either through planning or erosion, the likelihood is that Detroit will emerge as a dynamic and profitable location. At the same time, communities like this are not realistic targets for long distance investment. Like any challenging location, local knowledge and support will be key for success.
- 12yChris ClothierBusiness MemberRental Property Investor · memphis, TN · Member since 2009 · 2k+ posts · 3k+ votes
Originally posted by @Joe Delia:
This issue with Chris is an ongoing issue that he cannot help himself from posting on Detroit threads that are active, not just this one.
Curt, Adam, and Ali typically weigh in, Curt and Adam at least are haters and don't hide it, Ali will throw out random "facts" yet will never come back to support them, and chris is passive aggressive. Go back and read any detroit thread with more than 20 posts. You'll see the same posts from the same cast of characters doing exactly what I just said.
Joe -
I didn't really think much of your posts yesterday and then you decide it's time to insult me with more posts and go at it again today. I respected you going into yesterday because I thought you were passionate about your city. That respect is gone when you lower yourself with personal BS.
I just wasted about 15 minutes researching your crap posts on here. I have posted on 3 Detroit forums in the last 12 months - not sure, but I am going to take a swing and guess there were over 100 in that time span.
First post - Yesterday's post was to praise young investors for having a positive attitude. I could not care less what you think about my post or if the guys I was praising are too new and naive to listen to a 12 year veteran who has built a $50 million real estate business.
Second post - Six months ago I suggested the name of @Jake Kucheck to another investor asking about investing in Michigan from out of area. This is the same thread where you said there were piles of dead dogs in the Hell Hole that is Detroit Animal control.
Third post - You called me to it for a factual error you found when listening to my talk at the BP conference. Without you putting my name in the thread, I don't even know it exists. BTW, here is your final sentence in that thread - the last time you responded to or mentioned me:
"Not a big deal. When i heard it i clicked back a few times to make sure i heard it correctly. Overall you did a great job. Keep plugging, i love what you guys do.
-Joe"
Don't have the time to see if I said the word Detroit in any other ones (I may have been passive aggressive and mentioned it in some post about Florida).
As a side note, I am truly hoping that you are not dumb enough to think part of a marketing strategy is to go on BP and bash Detroit in hopes of gaining business for another city. And the passive aggressive bit - that was funny if it was not so stupid. If you do believe that funny crap you were writing, then you are so far behind the marketing curve, you will not catch up.
I've already broken my own rule and responded to dumb posts on here, but you did earn my respect when you called me out the first time. It is almost impossible to lose my respect, especially over forum posts, but you make it personal and I have no need to waste more time.
- Involved In Real Estate · Rochester Hills, MI · Member since 2010 · 812 posts · 178 votes12y
Originally posted by @Chris Clothier:
Originally posted by @Joe Delia:
This issue with Chris is an ongoing issue that he cannot help himself from posting on Detroit threads that are active, not just this one.
Curt, Adam, and Ali typically weigh in, Curt and Adam at least are haters and don't hide it, Ali will throw out random "facts" yet will never come back to support them, and chris is passive aggressive. Go back and read any detroit thread with more than 20 posts. You'll see the same posts from the same cast of characters doing exactly what I just said.Joe -
I didn't really think much of your posts yesterday and then you decide it's time to insult me with more posts and go at it again today. I respected you going into yesterday because I thought you were passionate about your city. That respect is gone when you lower yourself with personal BS.
I just wasted about 15 minutes researching your crap posts on here. I have posted on 3 Detroit forums in the last 12 months - not sure, but I am going to take a swing and guess there were over 100 in that time span.
First post - Yesterday's post was to praise young investors for having a positive attitude. I could not care less what you think about my post or if the guys I was praising are too new and naive to listen to a 12 year veteran who has built a $50 million real estate business.
Second post - Six months ago I suggested the name of @Jake Kucheck to another investor asking about investing in Michigan from out of area. This is the same thread where you said there were piles of dead dogs in the Hell Hole that is Detroit Animal control.
Third post - You called me to it for a factual error you found when listening to my talk at the BP conference. Without you putting my name in the thread, I don't even know it exists. BTW, here is your final sentence in that thread - the last time you responded to or mentioned me:
"Not a big deal. When i heard it i clicked back a few times to make sure i heard it correctly. Overall you did a great job. Keep plugging, i love what you guys do.
-Joe"
Don't have the time to see if I said the word Detroit in any other ones (I may have been passive aggressive and mentioned it in some post about Florida).
As a side note, I am truly hoping that you are not dumb enough to think part of a marketing strategy is to go on BP and bash Detroit in hopes of gaining business for another city. And the passive aggressive bit - that was funny if it was not so stupid. If you do believe that funny crap you were writing, then you are so far behind the marketing curve, you will not catch up.
I've already broken my own rule and responded to dumb posts on here, but you did earn my respect when you called me out the first time. It is almost impossible to lose my respect, especially over forum posts, but you make it personal and I have no need to waste more time.
I'm not going to waste the time to go back beyond this year and drag this out. I've stated my piece, and you've stated yours.
Call me dumb if you want, doesn't matter to me, I'll double down on that statement, I think that is exactly what you and others have done.
I appreciate you linking that post, I did feel that way at one point.
It's no secret that Detroit has money problems, and DAC is a hell hole. Like I said, it's not hard to bash Detroit with substance. I can take the opposite approach and crush the city up and down easily.
Best of luck to you
- Investor · Atlanta, GA · Member since 2013 · 212 posts · 107 votes12y
According to this NY Times article, a lot of developers see near-ish term upside (since I presume they aren't in the business of trying to lose money):
Well now it looks like the cass corridor area is getting the Wings Arena. I would say the next logical area that might be in demand would be around the Motor City Casino. Plenty of vacant and burned out properties in that area. That would seem like the next step.
I am talking 10 years of holding on these properties
Join the conversationCreate a free account to reply, vote on answers and follow this thread.