20K purchase... worth 100K.
3K purchase.. worth 14K. But renting it out, overtime will make more.
About to buy (if things aline well) 8K... in a few years because of the development and influx of CAC.. 40K.
The 20K one is damn near priceless tho. I love it when crakers drive slow down the street and try to see who's selling. fukk them. My street has a city councilman, a bunch of CAC, some professors, and young hipster white people. It's better to buy property when no one wants it then sit on it.
Anyway, Yea it's worth investing in if you have real money. There are people who bought abandoned buildings and turned them into luxury lofts. MI is now one of the best places to do business thanks to GOP takeover of state politics.
I know this thread is about NY... but NY TImes is talking about Detroit recently... We are still leaving the areas of the west n East side to be the most dangerous and broken places in America... but private businesses are booming in downtown areas. They want to show on our News how horrible the city is, how violent it is.. so that black feel great about leaving.. Meanwhile whites are flying back in. for the first time black are leaving at rates higher than whites. White are moving back in. During events downtown, you hardly see black people... you wouldn't know that ur in a black city.
http://www.nytimes.com/2013/03/05/u...troits-public-blight.html?pagewanted=all&_r=0