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Updated over 11 years ago,
Tired of people ripping on Detroit
The city, of course, is bad for investing. There's crime in every city I wouldn't touch with a 10' pole.
Have you not seen the appreciation numbers? Think it was 20% last year & 10% so far this year. Plus, the cash-on-cash return with rentals of 20-50%.
Sounds like a good investment to me.
The thing I keep hearing is the Detroit auto industry is dead. It is not dead! A couple of the them have made quite a turnaround since the govt bailout.
Our nation has some great entrepreneurs and continues to amaze the rest of the world.