All Forum Posts by: Aaron Yates
Aaron Yates has started 47 posts and replied 625 times.
Post: Who thinks Detroit will turn around within the next 5 years?
- Investor
- Macomb, MI
- Posts 654
- Votes 115
Originally posted by @David O:
Originally posted by @Scott K.:
Originally posted by @David O:
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 ;)
Ahhh... I didnt know Corktown was promising right now. What are the prices there?
Post: Who thinks Detroit will turn around within the next 5 years?
- Investor
- Macomb, MI
- Posts 654
- Votes 115
Originally posted by @Scott K.:
Originally posted by @Aaron Yates:
Originally posted by @Scott K.:
Originally posted by @Jerry W.:
I go to those vacant houses everyday. I drives me crazy when people think Detroit is making a comeback. They have no clue what they are talking about. You can't change the culture of violence. Every house in Detroit gets stripped even when people live there. They have made tools to get the siding off houses in 3 mins. I have seen it myself.
You should quit going to the Eastside. Educate yourself some more and expand your driving.
Just a suggestion.
WTH are you talking about. Its my damn job to go to these houses. They are on my list so I go. Expand my driving????????????// I go to Monroe all the to Holly. I would think that's enough driving.
I don't need anymore education about Detroit. In all of your post you seem to act like only you know whats going on down there.
I find it funny that you think you know more about the neighborhoods than I do. I go there almost everyday. I am in the neighborhoods that people would never go to. So what can I educate myself on.
You know what I educated myself on was getting myself a few guns and now I can defend myself.
I have been shot at 3 times and robbed at gunpoint 1 time. I have been tailed and have gotten guns pulled on me from the scumbags trying to scare the whiteboy.
You are not an expert on Detroit. You say you don't have much cash but you don't need much to get into Detroit so you should be there investing and rehabbing.
Geez in one post you say that its a great investment and the next you say that the people don't care. Well who the hell do you think will be renting your houses. The very same people that don't care.
No I never said it was a great investment. I never said I was an expert. I simply see that there are people making money there. The places to invest and be safe are more expensive than my current market.
I also stated olin one post that I still dont have enough lnowledge to make the move to the right areas that I could afford.
Not all of Detroit will you be shot at. I also work in Detroit sometimes at the auto plants. I also didnt say you were wrong. I just said expand your driving. Go to East English Village, Rosedale park, sherwood forest.
You wont be shot at there.
Post: Who thinks Detroit will turn around within the next 5 years?
- Investor
- Macomb, MI
- Posts 654
- Votes 115
Originally posted by @Stephen S.:
I think your overall logic is somewhat accurate but the word bigotry explains the phenomenon you describe better than does the word racist. Difference of race was not the primary driving factor spurring the exodus.
Why were black people stuck there while white people moved away?
Originally posted by @Aaron Yates:
Originally posted by @Jon Klaus:
You realize one of the biggest things to Detroit's demise that no one is mentioning and that also helped your chart decline? Racism and eventually the riots that people thought couldn't happen in Detroit. White's moved out. Blacks were stuck there.
This made thousands of people leave the city. Had nothing to do with jobs, the auto industry, or anything other than race issues. But we must have forgot this issue that started the downfall I guess.
The reason I point this out is like your previous comment. Back then it was even harder for a black to get a good job. Whites were able to afford to move and some blacks as well.
Some blacks chose to stay, as they do now because its 'their home'.
I didnt say tgis was the main reason. I was just pointing out one of the many reasons Detroit started the decline.
Post: Who thinks Detroit will turn around within the next 5 years?
- Investor
- Macomb, MI
- Posts 654
- Votes 115
Originally posted by @Ryan R.:
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.
Ok. So to an extent i can agree with you with how you just explained it. It must be combined with the residents as well though.
The city did finally elect someone who wants to make a difference. Butbwill the other officials allow him to do so is definitely the big question.
In short, many things created this problem and it will take many things to fix it.
Post: Anyone out there specializing in under 30k properties?
- Investor
- Macomb, MI
- Posts 654
- Votes 115
Originally posted by @Douglas B.:
Yes we are out there. and yes as mentioned on the first reply, @Lisa Phillips seems to finally get peoples attention.
I am not going to read this complete post but I do want to tell you that it is possible in some areas. Don't listen to anyone that tells you it's not.
Good luck on your ventures and I welcome any questions you may have.
Post: Who thinks Detroit will turn around within the next 5 years?
- Investor
- Macomb, MI
- Posts 654
- Votes 115
Ok, now that everyone is tired of my posts. My last point here is that opinions mean nothing in regards to Detroit. Fact and action is what matters.
Detroit has had years to reach where it's at. But people think it was this sudden mishaps. If the residents and the city officials started caring years ago after the riots then maybe it wouldn't be where it's at today.
But what do I know. I wasn't even alive during the riots so I must not know what I'm talking about.
Keep an open mind everyone. Don't accept the accepted. Create your own path.
Watch 'Detropia' on Netflix. Some people truly do care and refuse to accept the failure of Detroit. Some aren't willing to accept the change. Stupid or not, it shows a bit of the soul of Detroit that most people, including me, do not even know.
Post: Who thinks Detroit will turn around within the next 5 years?
- Investor
- Macomb, MI
- Posts 654
- Votes 115
Originally posted by @Account Closed:
When all the buildings around you are thrashed out, and the tenants are low end, are you really going to spend money fixing up the house/neighborhood? No, so it will just keep spiraling downward.
Unless there is a massive push back towards middle class owner occupants, it will never improve. They would basically have to start with the best area and then revitalize street by street around it.
This is for certain. It will not be easy if Detroit is to truly be brought back. It can't be done by revitalizing small areas in such a vast city. Essentially as any city, it needs to start at the heart and grow.
Maybe this means breaking up the city into new cities and/or developements. In any case, this will be a HUGE project and will only be successful if the current residents are willing to accept change. Most will not. So how does the city go from there???
This is the true question at hand. People should be talking about 'How' to fix it instead of what people 'think' will happen. Action is needed not opinions.
Post: Who thinks Detroit will turn around within the next 5 years?
- Investor
- Macomb, MI
- Posts 654
- Votes 115
Originally posted by @Jon Klaus:
You realize one of the biggest things to Detroit's demise that no one is mentioning and that also helped your chart decline? Racism and eventually the riots that people thought couldn't happen in Detroit. White's moved out. Blacks were stuck there.
This made thousands of people leave the city. Had nothing to do with jobs, the auto industry, or anything other than race issues. But we must have forgot this issue that started the downfall I guess.
Post: Who thinks Detroit will turn around within the next 5 years?
- Investor
- Macomb, MI
- Posts 654
- Votes 115
Originally posted by @Rob K.:
True.. Hipsters I believe is the term for them now? But again, if residents cared... it would make all the difference.
Post: Who thinks Detroit will turn around within the next 5 years?
- Investor
- Macomb, MI
- Posts 654
- Votes 115
Originally posted by @Account Closed:
Originally posted by @Scott McMahan:
What concerns me going forward is how one dimensional the economy remains. Optimists like to point to growing services and seeds of tech startups but the economy is still primarily dependent on producing vehicles that utilize the combustion engine. Decentralization is a trend in almost every industry - where smaller players innovate and transform an industry, opening doors for other smaller players to compete. As technology continues to evolve for improved electric motors and storage, the combustion engine will eventually become obsolete and there will be significant disruption in the automotive industry. I'm not an industry insider, but I don't see that the big three or any of the small, medium, and large manufacturers are preparing adequately for that disruption. I hope to be wrong about that.
It's really now just the big two technically. Now that Chrysler is known as "Fiat Chrysler" and is headquartered in the Netherlands as of this week.
To me that's a huge development (even though it's been in the works for a long time) that nobody is really talking about.
Thank you. And if you want to get even more technical, Toyota I believe it is, is more 'American' than our own cars are. I think the number was around 80% built in America for Toyota a couple years ago. I know this because I am in the industry and am familiar with many of the vehicles built out-of-country that we call 'American'.
The Union workers don't see it that way though. The stay strong with their 'buy american' stickers while they work on the assembly line where most parts are shipped in from other countries to be assemble here.
So in actuality we should say 'Assembled' in America. Oh and more expensive, built with a little less quality (except for chrysler after daimler first bought them)... this I know also due to my job. Sorry for spilling the beans to all you die-hard workers in denial.
Mercedes took the profits from Chrysler to expand ( but at the same time bring dodge and chrysler back to quality) then when they were done they sold Chrysler and moved on. Yes, I know this too from my work I do. But I won't swear on that in court obviously... :-)
Food for thought!
wake up america!