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Updated over 11 years ago,

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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
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Detroit, bankruptcy, any silver lining?

Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Posted

Any silver lining there. 100,000 creditors. 78,000 homes empty, population 700,000, down 1,300,000 from the glory days. 40% of the street lights are out, half the parks closed and over 100 schools closed. Highest crime city.

Talk about rehab....? Even high rises are trashed and empty.

I'm sure the city will stabilize and come back, perhaps not to its prior self but to some degree. The city has buildings scheduled for demo and can't due to the expense. Bet they would take properties off the list and give a deed if someone would make repairs and bring the property back.

I'm sure there is money to be made there, big money! Any thoughts?

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