Quote:
Originally Posted by kane
Then you have to live in Detroit. . . the places that those houses are in are so run down and so nasty it would take a major movement to turn it around and most people would never move there unless they also knew that they would be able to get a job that is as good or better than the one they have now wherever they live.
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not to mention property taxes are still high so you'd be paying a tonne for those along with waiting about 15-25 years for the city to 'turn around' hehe
speculation is the wrong way to go.. buy in an area were people want to live, then you can at least rent it out and collect passive income in the meantime.