|
05-30-2009, 02:52 PM
|
|
Junior Member
|
|
Join Date: May 2009
Reputation: 10
|
|
Investing in Detroit
I would like to invest in Detroit. Cheap single family homes are really attractive to me. i know there are pros and cons. Which areas would you reccomed to invest? I am thinking about east english villege, or roseville.
|
|
05-30-2009, 03:17 PM
|
|
Senior Member
|
|
Join Date: May 2009
1,694 posts, read 536,796 times
Reputation: 1180
|
|
Quote:
Originally Posted by naokun
I would like to invest in Detroit. Cheap single family homes are really attractive to me. i know there are pros and cons. Which areas would you reccomed to invest? I am thinking about east english villege, or roseville.
|
This is a joke, right?
You do realize the city of Detroit does not have a single grocery store left inside the city limits, right? Not a single one, the best you can do is an all night gas station or 7-11.
Huge expanses of town are reverting to the natural state they once were 150 years ago. Prairie, grasslands and woods. give it another 100 years and the only thing left to show man was once there will be a few old foundations.
Gunfire.... it's like Afghanistan only you would be safer in Afghanistan.
Lots of those homes you want you couldn't drive by even in the daylight.
Corrupt and inept politicians? Detroit rewrote the book on this one. The people of Detroit got exactly the government they deserve. |
|
05-30-2009, 03:24 PM
|
|
Living Large
Status:
"Heading North to see Michigan Clause"
(set 2 days ago)
|
|
Join Date: Jan 2009
Location: Clayton, North Carolina
1,133 posts, read 516,859 times
Reputation: 383
|
|
Quote:
Originally Posted by naokun
I would like to invest in Detroit. Cheap single family homes are really attractive to me. i know there are pros and cons. Which areas would you reccomed to invest? I am thinking about east english villege, or roseville.
|
EAst English Village is CHEAP??
ROSEVILLE is NOT even Detroit.
Maybe you should try looking into Birmingham? |
|
05-30-2009, 03:25 PM
|
|
Custom Advice Provider
|
|
Join Date: Nov 2007
Location: Louisville, Ky
563 posts, read 403,011 times
Reputation: 194
|
|
List the pros please...
Quote:
Originally Posted by naokun
I would like to invest in Detroit. Cheap single family homes are really attractive to me. i know there are pros and cons. Which areas would you reccomed to invest? I am thinking about east english villege, or roseville.
|
What pros are you aware of that makes it seem like a great idea to invest right now? There are over 800 homes for sale right now for under $5,000. |
|
05-30-2009, 03:26 PM
|
|
Living Large
Status:
"Heading North to see Michigan Clause"
(set 2 days ago)
|
|
Join Date: Jan 2009
Location: Clayton, North Carolina
1,133 posts, read 516,859 times
Reputation: 383
|
|
Quote:
Originally Posted by nicet4
This is a joke, right?
You do realize the city of Detroit does not have a single grocery store left inside the city limits, right? Not a single one, the best you can do is an all night gas station or 7-11.
|
University Market on Warren and Lodge may be the sole survivor GROCERY STORE |
|
06-10-2009, 04:46 PM
|
|
Senior Member
|
|
Join Date: Jul 2007
193 posts, read 188,261 times
Reputation: 61
|
|
|
I am not from Detroit but I was just at a grocery store right in the city. I think it was off of Livernois. If you don't live in Detroit you should refrain from making such blanket statements. Detroit is a big city and it makes no sense that there would be no grocery stores in the city. Maybe not chain stores like Kroger but there are stores.
|
|
06-10-2009, 10:23 PM
|
|
Senior Member
|
|
Join Date: May 2008
1,512 posts, read 915,862 times
Reputation: 463
|
|
|
naokin = a fool and his money....
You probably aren't smart enough to heed the advice you were given. The "pros" who want you to buy are hungry and desperate real estate agents today - and unless they find more suckers like you- next month they will be starting new jobs in Texas.
|
|
06-14-2009, 10:19 PM
|
|
Senior Member
|
|
Join Date: Feb 2009
Location: In the heights
1,880 posts, read 652,858 times
Reputation: 675
|
|
|
Do it if you can get hundreds to move in at once.
|
|
06-28-2009, 06:26 AM
|
|
Member
|
|
Join Date: May 2009
15 posts, read 5,172 times
Reputation: 10
|
|
Good areas
From what I saw, downtown Detroit looks up and coming.
Indian Village looks good.
Very impressive is Palmer Woods/Sherwood
Forest/University District. This area seems safe and well kept up.
These are not cheap places, but appear to be good value.
I don't live in Michigan, though, and others who do will know
better than I.
I must say there is a lot of excellent 20s and 30s architecture
in Detroit !
|
|
06-28-2009, 06:30 AM
|
|
Member
|
|
Join Date: May 2009
15 posts, read 5,172 times
Reputation: 10
|
|
Grocery stores ?
Quote:
Originally Posted by zthatzmanz28
University Market on Warren and Lodge may be the sole survivor GROCERY STORE
|
I saw numerous supermarkets within the city limits just driving through
yesterday.
I saw one near Indian Village. I then went up Woodward almost to 8 Mile
and several enroute. Around Livernois and 7 Mile there were several supermarkets. |
Please register to post and access all features of our very popular forum. It is free and quick.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
|
|
Welcome to City-Data.com forum! Make sure to register - it's free and very quick! You have to register before you can post and participate in our discussions with 700,000 other registered members. User profiles and some forums can only be seen by registered members. After you create your free account you will be able to customize many options, you will have the full access to over 15,000 posts/day about local topics and you will see fewer ads. 
Linear Mode
