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re: Houses for auction in Detroit
Posted on 6/12/15 at 2:51 pm to jmarto1
Posted on 6/12/15 at 2:51 pm to jmarto1
There still are some businesses and appeal to living in the city of Detroit, it just is so incredibly run down and dangerous that the value is easily outweighed
If you had some investors and bought some political influence, you could go to town. Just go out and buy a few neighborhoods. Build a low cost private school restricted to those neighborhoods. Essentially pay for private security
They said city employees get a 50% discount. Wish I had a family member who was a city employee.
If you had some investors and bought some political influence, you could go to town. Just go out and buy a few neighborhoods. Build a low cost private school restricted to those neighborhoods. Essentially pay for private security
They said city employees get a 50% discount. Wish I had a family member who was a city employee.
This post was edited on 6/12/15 at 2:53 pm
Posted on 6/12/15 at 2:57 pm to GenesChin
Never forget that the Silverdome was sold for around $600K. Things can always be cheaper than you think. That said, the Quicken Loans guy is evidently buying up half the city. Probably at least 50/50 that 25 years from now he will be hailed as a genius and everyone will be talking about how "obvious" it was.
Distressed investing often doesn't feel great when the distress is high.
Distressed investing often doesn't feel great when the distress is high.
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