Detroit is a GHOST TOWN! what nex?!?

[chitownsfinest]

To all those folks talking about real estate, ya'll gotta stop thinking small-time. You remind me of all of those folks 3 or 4 years ago buying homes in the hood expecting to flip them and make millions.

Yea, real estate is usually always a good bet but Detroit is a special case. Gentrification work when there are bad neighborhoods in an otherwise healthy city. In the D, the WHOLE CITY (the city proper, not the suburbs) is in the toilet. They're city services is shit.

Buy "a house or two" in Detroit won't mean shit. In that city, unless you can afford to buy whole tracts of land, AND can afford to hold on to it for at least a decade, then don't bother.

You'd be better off picking off individual properties in cities where an economy exists.

-CTF

 

[d3troiter]

The problem is that Detroit is the most RACIALLY divided city in the ENTIRE country. All the blacks stay inside of the 8 Mile barrier and all the whites and arabs stay outside the 8 mile barrier. Its easy to say "well the city is just fucked up" if you dont know this. After the 1967 riot the whites moved out of the city. Detroit has multiple major suburbs surrounding the city, each with its own downtown. You cant even shop in Detroit, you have to goto the suburb.

After 67 Detroit was set-up to fail so the whites can move back to the city once the blacks flee. Its already set up with low property value and scores of vacant houses and land. 3 major casinos and a casino in Windsor. Add in 3 major sports teams playing in stadiums mere blocks away from each other and it seems like you have quite a gold mine...if you could just get rid of a few rats.


Thats the real story of Detroit you wont read in the paper.

 

[BigDaddyBuk]

they need to shrink the city. tear down what isn'tbeing used, recycle what they can, turn the land back into forest.

 

[wedrinkandscrew]

You know, you could use all those factories to build unmanned aerial vehicles, like the Predator and the Reaper. I just read where the Air Force is training more remote drone pilots than aircraft pilots these days. Detroit may want to go over to defense contracts. Hell D for defense, maybe its not just a sports slogan.

 

[d3troiter]

they need to shrink the city. tear down what isn'tbeing used, recycle what they can, turn the land back into forest.

lol, damn .You think they bout to give up all that money to be made there? Its fresh water in the great lakes which might be the next hot commodity after oil. When it all comes down to it, America is a business, and whats happening in Detroit is a business decision. Now if Detroit was 90% white...thats a thought huh.