Houses for auction in Detroit

Got to imagine if you had quite a bit of capital, you could snatch up a good bit of land and gentrify it for cheap.

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.

This is similar to what I am beginning to do. An alumni of my fraternity has done well buying and renting houses in less than desirable neighborhoods. He makes even more money financing them to people who want to buy the houses.

Detroit is a cool city but unless you find a way to get business there buying land won't pan out. What happened there could happen anywhere that is a one trick pony. Imagine Houston if the oil business discovered tomorrow that they were no longer needed and all those jobs were gone for good, thats what happened there.

I know Houston has other industry and Detroit must also to support 4 pro teams but its the same thing, your towns life blood suddenly gone never to reappear. Detroit lost 60% of its population. What city could recover from that? If the world went to corn as their oil substitute and ditched oil overnight Houston would suffer the same fate as Detroit. Those med centers and banks wouldn't have their high priced customers anymore.

I like it there and feel like the people who live there have the same grit as the folks who lived in New Orleans right after Katrina. It is hard to live there, but they love it and it makes you as a visitor love it. I could live there under the right circumstances and I hope that city rights itself sometime.