How Cheap Are Houses In Detroit Right Now? :mindblown:

babylon1

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why, exactly does anyone anticipate a rebound? plenty of economically depressed cities never rebounded and continued to shrink in population or stagnate.
 

unit321

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Blame the liberals for ruining a once great city.

You buy one of these houses and you are either getting shot at at night or will be robbed.
The neighborhood is trash
First off, prices have been low in Detroit for a long time. These cheap homes aren't in good neighborhoods. It would be safer to live in the suburbs, and then, the prices are more in line with the rest of the country.

Pictures aren't enough. Look at the surrounding neighborhood. Get a crime activity report, if there is one, and compare it to the home's address.
Daytime is safe and may look safe, or relatively safe. Leave for work though, and your home is a burglary target.
Have kids? Public schools aren't good.
Need police services? They are thinned out. Hopefully, you aren't in a dire emergency or they aren't busy when you call.
Want to jog or walk around the neighborhood for exercise, get a bulletproof vest, handgun license and gun.
Need to sleep in peace, get a major security system, steel window bars and iron screen door, and a gun.
 

unit321

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Permit to purchase handgun. Permit to carry. Licensing of owners.
 

HarlemUSA

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Do it, the prices cannot possibly go much lower. At worst you break even IMO
All I need to see is a coffee shop and a whole foods then I know breh. A change gon come :blessed:
 

Liquid

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why, exactly does anyone anticipate a rebound? plenty of economically depressed cities never rebounded and continued to shrink in population or stagnate.
It's a gamble, but again...these are floor prices. At worst you are breaking even, best bet you win big. It's worth dropping 10-20K
 

Pink Slime

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I've been watching this dudes youtube channel who's involved in taking care of/fixing up properties that out of state people (and sometimes out of country!) invest in. Really good for an inside look at the area and the kind of shyt you have to put up with around here in the D. Interesting stuff here and he's got a ton of videos. Many are quite mundane but I still like watching them for some reason



I wouldn't mind seein a real show on TV from dude. "This Old Ghetto House" could work. You never saw Bob Villa chasing crackheads off his work sites
 

Liquid

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I've been watching this dudes youtube channel who's involved in taking care of/fixing up properties that out of state people (and sometimes out of country!) invest in. Really good for an inside look at the area and the kind of shyt you have to put up with around here in the D. Interesting stuff here and he's got a ton of videos. Many are quite mundane but I still like watching them for some reason



I wouldn't mind seein a real show on TV from dude. "This Old Ghetto House" could work. You never saw Bob Villa chasing crackheads off his work sites

I would never pay for a house in such a location...not even for $500
 

Blackking

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I'm inclined to visit for a few weeks to scope the scene, but first: What do the open / concealed carry laws look like up there? :lupe:
my boy walked down the street with a AR... police spoke to him but couldn't do shyt. Also, if you have cw you can carry your hand guns. It's a very liberal policy up here...

and you more than likely wont need it though... this isn't really a random people getting shot type of city... it's more of a you were basically asking for it type of city - minus a few rare cases.
 

Blackking

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so a small as house today going for 150k min bid... it was broken down and fuked up looking but it was in a area that is under development. Why do you suppose they are looking for all that money for that shyt?
 

Liquid

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You guys are thinking short term. You sit on 5 properties that cost you about 25K in decent areas with research can be flipped for 500-650K in 10-20 years...thats an INCREDIBLE return even if you have to put 10K in each house to get them up and running.

This is not even including the options of renting them out to start off. Again, even if you have to invest 10K in each and fix one up once a year to rent...you'd be foolish to pass it up. Section 8 if you have to. I literally have Detroit mapped out already and I haven't even been there.
 
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