So my cousins in the D just copped a house for 16k

[kenji714]

a house is a house. I don't care about look of the house i just want a place to sleep at night. Prop to your cuz. 16k on a property is a steal

 

[juju]

Originally Posted by phillypac

Originally Posted by JuJu

and starbucks decides one of your lots is a prime spot

STHU

why would they make there "prime spot" in a dump

them houses are cheap for a reason

i always thought u was on them rocks judging by ya sn but now with comments like this it's clear

dude you are an idiot. you obviously can't read words with more than two syllables or else you would have seen the part about gentrificationwhich means when a poor crummy neighborhood is bought up by companies and businesses because the decrepit state makes the land very cheap and all of a suddenthis broken down area is full of starbucks and 2k a month condos. you're still a moron from the last time you tried to throw jabs and you will be the firstever to go on my blocked list. and the fact that you make fun of a screen name on an internet forum is laughable. you go ahead and continue being proud ofgrowing up in the hood Tupac, cause im damn sure gonna continue to not be ashamed i never spent a single night calling it my home.

 

[jj1223]

some of yall are real niave

people werent even tryin to live in the D when the auto industry was doing good

flip those houses and make a killing

that was a good laugh
by the time any of those houses will turn you a profit theyll probably have crumbled to the ground


with that said, if I had the money to spare I wouldnt mind moving down there

 

[elnino4530]

Originally Posted by JJ1223

some of yall are real niave

people werent even tryin to live in the D when the auto industry was doing good

flip those houses and make a killing

that was a good laugh
by the time any of those houses will turn you a profit theyll probably have crumbled to the ground


with that said, if I had the money to spare I wouldnt mind moving down there

you must not have been down woodward in a while. Those condos goin up are insane and people are all over them.

In METRO detroit though you can cop for as low as 20k. I'm considering flippin a couple when i get outta school. Decent areas with homes couples arelooking at as starter homes, can't beat it.

 

[notoriouspat]

Originally Posted by Food4Thgt

Originally Posted by Mangudai954

RNS. Downtown supposedly

. Just how bad is it dt?



I know, "RIP".

im highly upset..... i wanted to post this video first lol ahhahaahahahahahahahahahahahahahahahahahahahahaahahahahahahahahahahahahahahahahahah

 

[jj1223]

^ yeah i havent even seen the condos theyre puttin up i gotta check em out

and thats a good point about the starter homes.. ive seen a few houses around st clair shores/harrison township for 30-50k

 

[superantigen]

Originally Posted by wawaweewa

Originally Posted by SuperAntigen

Originally Posted by Toy Collector123

Sad part is, I could flip those houses and make a killing.

Bingo.

Many of you are so naive it's unbelievable. Like most cities, Detroit is having a huge economic downturn. Unlike most cities however, detroit doesn't have the luxury of some booming industry and/or sector to rely on. This is why it's in the state it's in. But you'd be a fool to think this is permanent. At some point in the future, industry is going to move back because of prime real estate and a prime labor force. Of course, with the arrival of what is essentially "new" money into the city, you'll see the development of restuarants, apartments, shopping malls, and more forms of economic growth.

Purchasing a crib, for cheap no less, and watching it appreciate is sweet icing on the cake. If i had loot, I would seriously be in detroit buying property and investing for the future.

...

What the hell are you talking about?

"At some point......". At some point when? 50. 60. 100 years from now?

What's so "prime" about Detroit? They lived solely off of the US auto and auto parts manufacturers and those will not reach the heights that they once had in the US.
GM and Ford just opened new plants in Russia. Yeh, they basically told Detroit to *!%# off.

What "prime" real estate are you talking about? What "prime" labor force?
You'd be better off buying 16k worth of land in China or India and hoping to strike it rich in a few decades.

First, for any city to boom, one needs jobs and lots of them. Who the *!%# is going to bring jobs to Detroit nowadays?
I'll give you an example of a once vibrat industry laden area that turned to #%@! ala Detroit; Binghamton, NY.
Look where it's at now after 30 years of the industrial corp. leaving. It's still a ****hole.

You're dreaming if you think another boom is destined for Detroit in the near future.

1. I'm no psychic, thus I cannot tell you exactly how long it's going to take for Detroit to "rebound",hence the qualification--"at some point in the future...", with "the future" designating a "later" moment in time after thepresent. You're astute enough to realize this, I would hope, but of course, you wanna be obtuse...

Furthermore, only an idiot would try to put a numerical parameter, in terms of years, on this "rebound" word to50, 60, 100 years from now. This is an INVESTMENT--something that requires TIME, energy, and effort; something that redirects current resources (current money)from being consumed, for the purpose of creating benefits for THE FUTURE. If you don't have time, or patience, don't invest--that goes for all forms ofinvestments, not just real-estate, as it pertains to the Detroit market. You of all people should know this--you spend enough time in Yayo'sthreads...

But just to play devil's advocate--even if this economic boom doesn't return to Detriot at some point IN THEFUTURE, and these "investments" become more of the speculative kinds, you still hold property that can be rented because if you didn't know,people actually still live in Detroit. You won't be charging New type monthly rent but you can still make profits...


2. Ok, so Detroit lived of the auto industry, how is that relevant to it's future. That was then, in the past,we're talking about the future--

I mean, take a look at your own diction--you yourself state that "They lived ..."...thus signifiying thepast. So tell me, in a discussion corcerning Detroit's future, how is it's former industries relevant...? "GM and Ford open plants in Russia andtold Detroit to ^&@% off..."--once again, how is any of this relevant to a discussion concerning Detroit's future. I mean, you can't be stupidenough to think and/or believe that Detroit is incapable of anything outside of "automotives". Youcan't be stupid enough to think and/or believe that the only thing natives of Detroit excel at is building cars and working in factories.You can't be stupid enough to think and/or believe that no one is going to bring any other kind of industry intoDetroit at some point in the future. I mean, you just can't be that stupid--can you? Because if you couldactually predict and guarantee such things, you'd be, without a doubt, the most successful (and the wealthiest) business man to grace the complex that isthe global economy. But you're not--so...

...

What's so prime about Detroit...? Well last time I checked, Detroit has the largest city population in the midwest,second only to Chicago. Detroit also has the largest urban area population in the midwest, again second only to Chicago. And finally, according to Wikedia yetagain, Detroit has the second largest metro system in the Midwest, again second only to Chicago. You know what that means--i'll tell you. These facts, makeDetroit one of the great economic hubs, especially in the Mid west, second only to Chicago. They have the workforce any big or small business/corporationswould desire and the population necessary to "consume" what big or small business/corporations have to offer and they are a great conduit for theEast coast--West coast business, vice versa. It also helps that they have proximity to Chicago--probably the business capital of the Midwest. Any corporationthat kind wiggle into Chi-town for any reason, would most likely be best served implanting itself in Detroit. These are just a few reason why Detroit is"prime"--just FYI...


3. This is what makes Detroit "prime" real estate and why they have a "prime" labor force--word to the Midwest...

And as for buying land in China and India--go right ahead..."and hope you strike it rich in a few decades..."...sucha brilliant idea, and yet, you don't see too many people doing it...[color= rgb(255, 0, 255)]wonderwhy[/color]...


4. You're right, for any city to boom, one does need jobs--and many of them. But that's only half of the equation. One also needs a labor force, andone with a desire to work. That's what you can't see, because you're too intent on trying to belittle me, based off what I stated in my OG post...

You seriously think a company is going to bring jobs if there's no labor force or desire. If that were ever the case, then you'd find many, if not all,the big time companies in "small towns" all across America. But clearly, that isn't the case...

As for who "is going to bring jobs to Detroit nowadays"...no one. Why? Becausewe're in a freaking recession. How many @!*%$%* places you know in America, are booming with economic growth, so much so that they can't hire peoplefast enough to keep up with the "demand" side of things...

Furthermore, and this is another analysis of your diction, you're talking about the present (nowadays). I was talking about Detroit in the FUTURE. So onceagain, I ask, why are you talking about the present and past when I'm talking about investing in Detroit's FUTURE. Once again, are you a psychic? Doyou have the ability to predict areas of economic growth on the local and global level...? No you don't...

Binghampton NY...really...you're going to juxtapose Binghampton NY to one of the largest metropolitan cities in theUnited States in your silly attempt at an argument...

...

...

Tell me, what does Binghampton NY lay claim to. Are they the largest city in New York? Are they in an ideal position, geographically speaking, to facilitateand mediate big business. Do they have a huge labor force...? Do they have one of the top research Universities in the U.S...? Give me a good reason, besidesthe foolish one you gave, as to why you thought Binghampton NY would be a good example of measuring and gauging Detriot's future...

Binghampton NY...

You know what though, I'll play "your game".... I live in a city, and urban city, in CT known as Bridgeport. In the early to mid twentiethcentury, Bridgeport was the economic hub of Connecticut. In the late 20th century however,Bridgeport went through a "deindustralization" almost like what I suppose Binghampton NY went through. Property taxes went up, among other things,and BPT became just another "former" boom town. After how many odd years, actually 20-30 years (which is just how long Binghampton has been in thedumps according to you), this city is finally rising "from the ashes", and at the forefront of this rejuvination is the "Steel PointProject"--you have a computer, so you can research it all you want. Point is, NOT ALL "formerly" abandoned and lifeless urban/metropolitan areascontinue to remain abandoned and lifeless-- which is what you tried to imply with you Binghampton example. Additionally, it's laughable that you tried tocompare Binghampton NY to Detroit MI when these two cities are different on so many economically important levels--they're not even in the same league...

In the end, you're the one dreaming if you seriously believe a city like Detroit will be forever desolate of economic life. Hell, you will not only bedreaming, but you'd be an IDIOT. Read carefully before you try to get "smart" again...

...

...

 

[joeman1515]

Originally Posted by eLNiNo4530

Originally Posted by JJ1223

some of yall are real niave

people werent even tryin to live in the D when the auto industry was doing good

flip those houses and make a killing

that was a good laugh
by the time any of those houses will turn you a profit theyll probably have crumbled to the ground


with that said, if I had the money to spare I wouldnt mind moving down there

you must not have been down woodward in a while. Those condos goin up are insane and people are all over them.

In METRO detroit though you can cop for as low as 20k. I'm considering flippin a couple when i get outta school. Decent areas with homes couples are looking at as starter homes, can't beat it.

I know some foreclosures were going as low as 4k or so I read.

If you have money its a great time to spend it and make it back later, its only so long until the economy turns up...(I hope) and the houses will at least flipyou some profit..I mean 16k really how much lower can a house get, plus spending money is what is going to help get us out of the recession, its better toinvest and let your money work for you instead of working for your money

 

[toy collector123]

SuperAntigen-- let's make this money.

 

[esco51]

in the last 50 years the population of detroit has been cut in more then half. outsiders claiming a rebound or resurgence are ignorant to the real issues thatplague the city and are naive to think one will occur anytime within the next 30 years. the recession has been alive since the 1950's in the D. its sad butultimately the people of detroit have chosen their own fate.

 

[copped]

you have to pay taxes on these houses every year (around 1000 or so) that is why no one is willing to sit on them, well anyone who has a decent record/job withthese properties...selling them for 500 bucks is better than getting billed 1000 every year you sit on it....


no point in these properties, won't bring you in a penny especially during your life time.....why even bother.

 

[im not you]

Originally Posted by The R0yal Family

Originally Posted by Mangudai954

You're from DC, shush.

???DC is nowhere near as bad as Detroit.

As of right now...DC and Detroit are like polar opposites...I don't know what the hell dude is talking about.

Only a loyal native would rather live in Detroit than DC...

When's the last time you heard of somebody taking a vacation to Detroit?

 

[young br3ad]

Originally Posted by Im Not You

Originally Posted by The R0yal Family

Originally Posted by Mangudai954

You're from DC, shush.

???DC is nowhere near as bad as Detroit.

As of right now...DC and Detroit are like polar opposites...I don't know what the hell dude is talking about.

Only a loyal native would rather live in Detroit than DC...

When's the last time you heard of somebody taking a vacation to Detroit?

When snickers bars cost 5 cents at the corner store.

 

[kix4kix]

Filming 8mile must have been cheap

 

[i drink your milkshake]

Originally Posted by Mangudai954

RNS. Downtown supposedly

. Just how bad is it dt?



I know, "RIP".

u mean detroit, nevermind

 

[wawaweewa]

Originally Posted by SuperAntigen


...

You don't know waht you're talking about. Seriously.
Using multi colored font doesn't help your argument either.



Ideal position geographically? I guess being "ideal" in relation to exporting to Canada is somewhat decent.

A huge labor force is good for what in America nowadays? The textile industry that left in the mid 20th century? The auto industry? What so special aboutDetroit that certain industries will flock there?

You seriously need to ****. You don't know what you're talking about. You're making way too many assumptions that have no basis in logic when itactually comes to economics.


btw, It's Binghamton. Not Binghampton.

Go ahead. Put your money where your mouth. Why not, you'll become wealthy in the process, right?
Kids on NT love to talk.

 

[wawaweewa]

Originally Posted by Esco51

in the last 50 years the population of detroit has been cut in more then half. outsiders claiming a rebound or resurgence are ignorant to the real issues that plague the city and are naive to think one will occur anytime within the next 30 years. the recession has been alive since the 1950's in the D. its sad but ultimately the people of detroit have chosen their own fate.

You're a liar.

Antigen claims a rebound is inevitable.
He's already on the path to making mirrrrions of moniezzz "investing" in Detroit real estate.

Don't bother with logic and facts Esco.

 

[kix4kix]

Lets just say anyone investing in Detroit is making a long-term investment, to say the least.

....

 

[wawaweewa]

Originally Posted by kix4kix

Lets just say anyone investing in Detroit is making a long-term investment, to say the least.

....

Dude. Didn't you hear.

There's a coming boom in rural Pennsylvania. They have a huge (largely uneducated) labor force and great proximity to the Metro NY area and the coast. Aboom is acomin' for realz.
All those steel mills that closed up shop in the late 80's and early 90's are going to be replaced by............eermmmmmmm.................

 

[jimmybeanz]

Originally Posted by parada45

Sounds 2 good 2 be true

if you think that sounds too good to be true, you don't know alot about detroit. it's serious there.

 

[kix4kix]

Originally Posted by wawaweewa

Originally Posted by kix4kix

Lets just say anyone investing in Detroit is making a long-term investment, to say the least.

....

Dude. Didn't you hear.

There's a coming boom in rural Pennsylvania.
All those steel mills that closed up shop in the late 80's and early 90's are going to be replaced by............eermmmmmmm.................

Real estate is only cheap on two occasions.

War
City with one industry which has since left and is never coming back.

 

[gnarmyroly]

you cats who think detroit will come back one day...

keep on keepin' on

 

[classy freshman]

Originally Posted by wawaweewa

Originally Posted by kix4kix

Lets just say anyone investing in Detroit is making a long-term investment, to say the least.

....

Dude. Didn't you hear.

There's a coming boom in rural Pennsylvania. They have a huge (largely uneducated) labor force and great proximity to the Metro NY area and the coast.
All those steel mills that closed up shop in the late 80's and early 90's are going to be replaced by............eermmmmmmm.................

...Casino's.

 

[wawaweewa]

Originally Posted by Classy Freshman

Originally Posted by wawaweewa

Originally Posted by kix4kix

Lets just say anyone investing in Detroit is making a long-term investment, to say the least.

....

Dude. Didn't you hear.

There's a coming boom in rural Pennsylvania. They have a huge (largely uneducated) labor force and great proximity to the Metro NY area and the coast.
All those steel mills that closed up shop in the late 80's and early 90's are going to be replaced by............eermmmmmmm.................

...Casino's.

If each state starts to build full blown casino's there will be diminishing returns for all.
Casino's only serve to generate tax revenues. They don't exactly encourage industry with relatively high wages.

LV and AC are what they are because they're unique on their respective coasts.

 

[dacityslanga]

Originally Posted by Im Not You

Originally Posted by The R0yal Family

Originally Posted by Mangudai954

You're from DC, shush.

???DC is nowhere near as bad as Detroit.

As of right now...DC and Detroit are like polar opposites...I don't know what the hell dude is talking about.

Only a loyal native would rather live in Detroit than DC...

When's the last time you heard of somebody taking a vacation to Detroit?

QFT

My brother @ Howard said his friends from Detroit didnt even want to go back there for the summer, they told him its miserable..

Oh and DC Houses>>etroit.
Condos in DC @ 280k
Townhomes even in SE (East Capitol) 250k
Houses in Georgetown and upper NW 990k-1.3Mil

@ people thinking Detroit will make a comeback. GM is STILLLaying off workers, thats what happens when a city relies on just ONE industry instead of branching out to other indutries. May I need to remind you of N.O.and how the houses are STILL bad and not of much worth due to Katrina??