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Old 05-30-2009, 01:52 PM
 
1 posts, read 2,795 times
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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.
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Old 05-30-2009, 02:17 PM
 
Location: Central Ohio
10,659 posts, read 14,105,739 times
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Quote:
Originally Posted by naokun View Post
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.
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Old 05-30-2009, 02:24 PM
 
Location: On the brink of WWIII
21,090 posts, read 27,319,994 times
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Quote:
Originally Posted by naokun View Post
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?
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Old 05-30-2009, 02:25 PM
 
Location: U.S.
5,764 posts, read 6,483,385 times
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Lightbulb List the pros please...

Quote:
Originally Posted by naokun View Post
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.
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Old 05-30-2009, 02:26 PM
 
Location: On the brink of WWIII
21,090 posts, read 27,319,994 times
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Quote:
Originally Posted by nicet4 View Post
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
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Old 06-10-2009, 03:46 PM
 
199 posts, read 870,849 times
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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.
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Old 06-10-2009, 09:23 PM
 
Location: Rockport Texas from El Paso
2,601 posts, read 8,171,327 times
Reputation: 1603
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.
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Old 06-14-2009, 09:19 PM
 
Location: In the heights
33,964 posts, read 33,103,598 times
Reputation: 18519
Do it if you can get hundreds to move in at once.
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Old 06-28-2009, 05:26 AM
 
15 posts, read 26,930 times
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Default 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 !
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Old 06-28-2009, 05:30 AM
 
15 posts, read 26,930 times
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Default Grocery stores ?

Quote:
Originally Posted by zthatzmanz28 View Post
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.
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