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Old 10-29-2013, 05:36 PM
 
66 posts, read 101,221 times
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What is the scoop on this area? Found some amazing houses on Trulia on that street and area.
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Old 10-29-2013, 07:03 PM
 
Location: Michigan
4,647 posts, read 8,551,660 times
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The area directly east to the university is pretty decent. A lot of upkept homes. It falls off pretty quickly though once you get about several blocks away. To the north is the University District which has a lot of good housing and overall the neighborhood is pretty good. I'd highly recommend getting a home here, though the only draw back is that a lot of them are dated and need a fair bit of money to update and taxes are a bit on the high side.

The area to the west and south of there is far from ideal. It seems a little more stable that other parts of the city, but it's still definitely where I don't think I'd feel comfortable being out at night. It's an area you'd have to get used to with the roughness.

But overall, north of McNichols is pretty good and has a good community organization.

University District Community Association
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Old 10-29-2013, 11:34 PM
 
66 posts, read 101,221 times
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Nice to hear. Thanks for the info. I live in Maine, which I mostly love, but I was having a discussion with some folks about Detroit. One of them said "Go take a look at the prices of houses there", and it was shocking.
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Old 10-30-2013, 12:40 AM
 
Location: Michigan
4,647 posts, read 8,551,660 times
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Yea there's a few different things going on.

Number one is probably the high unemployment rate which is around 18%. Obviously there's not a high demand for housing if jobs are hard to come by. That also means high crime rates since that means more people turning to crime as a means to make money which in turn makes housing lose it's value (arson, drug dealing, robberies, etc).

Number two is that taxes are high. Over time the city has tried to combat the shrinking tax revenue from population loss by adding more taxes onto the remaining population. Right now the city is at the legal maximum allowed in Michigan. That often means that the nicer homes you do see often have crazy insane taxes. So what you probably do save in the price of housing, you lose in trying to cover taxes.

Things are seemingly improving as of lately; prices in the city and metro have gone up 20% over the last year, unemployment is down (albeit still one of the highest in the country), and there's new development going on in the downtown area with companies and residents filling formerly vacant space and a vested interest in improving the neighborhoods. There still a ways to go before it's really a "comeback" as most people would call it, but it's heading in the right direction at the very least.
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