Obviously they suck now and still haven't recovered since the 60's, but they are all major cities that you'd have to think have at least the potential to rebound. Particularly looking at the Detroit area and Cleveland, I had heard about how it has gotten so bad people hang out at the courthouses and borderline give their houses away for 10k. Again, just as an investment, what do you think about buying up some homes or land in hopes that it will be worth something, at some point.
I'll throw up some listings just for the hell of it. By no means are these mansions, but look at the price for a relatively move-in ready , non- mobile home and these are not foreclosures either.
|Property type:||Multi-Family Home|
Price: $15,000 Est. payment: $88/mo Bedrooms: 5 Bathrooms: 2 Property type: Single-Family Home Size: 2,026 sqft
Yes Cleveland, OH, Detroit, Mi and to a lesser extent Modesto, CA suck now, but do you think it would be worth it to buy property there in hopes they will be worth something when they cities stop sucking? You can buy houses for super cheap. You could realistically buy up a whole block cash.