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Old 08-06-2008, 02:35 PM
 
152 posts, read 420,748 times
Reputation: 61

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Am I crazy? No, I just moved from Texas after owning my house for several years to come here and live in a rental -transition home and throw my money down the drain for a year. I'm thinking of buying a brand spanking new home in Macomb-Beaufait Farms subdivision. The sub is located in the south side of 21 Mile Road between Card and North Avenue in Macomb Township. Are the property taxes really high in this area?
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Old 08-06-2008, 06:21 PM
 
866 posts, read 3,876,842 times
Reputation: 281
A friend of mine lives in Macomb Twp and where he lives he says the taxes are okay but he does not live in a huge house either, he has a one story new home with a finished basement. Macomb Twp taxes I hear as a whole are good.

Macomb Twp is a good area to buy a home right now, at least one of the best in metro Detroit because it is a growing area and it is easier to re-sell houses in Macomb Twp than in many other suburbs.
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Old 08-11-2008, 01:43 PM
 
Location: Grosse Ile Michigan
27,749 posts, read 65,567,547 times
Reputation: 32915
A new home may not be a great idea right now. Previously owned homes are selling for incredibly low prices. Why pay a premium for a new home when you can save hundreds of thousands by buying a home that is a few years (or a lot of years) old?

New homes often have a lot of bugs to work out of them a home that has been around for a while often has the problems expposed and resolved. On the other hand, with a new home, you can often get the builder to come back anad correct any problems that arise. A tleast you can witha good builder. Just something to think about.
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Old 08-12-2008, 06:46 AM
 
Location: Michissippi
3,119 posts, read 7,301,207 times
Reputation: 2056
You're making a big gamble that housing prices won't depreciate any further. The Detroit area's economy and the state's economy isn't going to improve any time soon and if anything, the area will just continue to lose population.
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Old 08-15-2008, 02:03 AM
 
Location: Tomball, TX
214 posts, read 660,013 times
Reputation: 59
Do not buy a home. Your just entering into a contract of continuing depreciation.
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Old 08-15-2008, 06:22 PM
 
152 posts, read 420,748 times
Reputation: 61
Thanks for the input...yeah, I was lucky to sell my house so fast. I am also looking at newer homes for sale not just brand new homes. Right now, we are spoiled in that we want the big bathrooms/kitchens/bedrooms that we are used to getting in Texas. I figure I will be here long enough to take the hit, if not, my job will buy me out. We just have a real problem with renting...where does the money go...what does it do for us...nothing. But, then again I know some homeowners could say the very same thing. I'm one of those people that try to be more optimistic rather than realistic at times...the friends are working on changing our minds about buying in this area. We are starting to listen.
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Old 08-17-2008, 06:09 PM
 
12 posts, read 36,145 times
Reputation: 15
Where the does money go if your home depreciates? Let's say all the sudden detroit metro turns around, what appreciation will you get, maybe 3% a year? You can get that in a CD. So it is not worth it to put money into a home unless you are planning to stay years and years. you can put your money for the downpayment somewhere else, and not have the hassle of selling a home when you move.

I think his post might have been a joke though, movung from dallas to detroit and asking about buying a home, seems like a joke.
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Old 08-18-2008, 01:21 PM
 
62 posts, read 162,238 times
Reputation: 25
After owning here for 10yrs and now finding out our house is only worth what we paid (or less) 10yrs ago, I would highly suggest you not buy. Not right now.

We currently have 18-24mo of inventory and values are not going up. Wait it out a bit before making that decision.

Even friends of ours that bought on a great deal last year are seeing their values drop. It's unfortunate, but a reality. The auto companies are not done with their downturn and the suppliers are now feeling the heat. Regardless of whether you are tied to automotive or not, this will eventually effect our home values as we see more foreclosures.
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