State of the City - Detroit 2024 - #1 in property value appreciation in America!!

[Jonathan Weinberger]

Keeping tabs on the great city of Detroit, below is the high lights! 

If you're thinking of investing in Detroit, I've spent over $2M in the area. I plan on spending another $2M by end of 2025. This city is loaded with economic opportunities. 

If you have questions or looking to get started, send me a dm. I'd love to help!


Below is the email I shared with my private investors. Watch the full 60 minute discussion:

Great news from Detroit’s 2024 State of the City address! Mayor Duggan has laid out an inspiring vision of growth and transformation. Here are the key highlights:

1. Tourism & Events:
   • NFL Draft: Detroit hosted the NFL Draft, attracting 300,000 visitors and capturing over 50 million viewers worldwide, boosting local tourism and global visibility.
2. Automotive & Manufacturing:
   • New Jeep Plant: Thousands of jobs are being created for Detroiters at the new Jeep manufacturing facility.
   • Factory Zero: With 4,000 employees, GM’s Factory Zero is leading the charge in electric vehicle production.
   • Lear Seating Plant: A new facility bringing 700 jobs, reinforcing Detroit’s manufacturing base.
3. Corporate Expansion & Development:
   • Amazon: 1,200 new jobs added with Amazon's expansion.
   • GM Headquarters: Construction is underway for GM’s new headquarters.
   • Huntington Bank Headquarters: Moving its headquarters to Detroit, signaling confidence in the city's economic prospects.
   • JP Morgan Chase Call Center: Successfully launched, employing 120 Detroiters at $24/hour, with plans for expansion.
4. Urban Development & Housing:
   • Historic Building Restorations: Iconic abandoned buildings are being revitalized.
   • Affordable Housing: A substantial $200 million investment into affordable housing initiatives.
   • Vacant Properties: The Detroit Land Bank has reduced vacant houses from 47,000 in 2014 to just 4,400 in 2024, with a target to eliminate all vacant houses by the end of next year.
   • Property Values: Detroit leads the nation in property value growth, attracting more investment.
5. Health & Education:
   • $3 Billion Hospital Development: A major new hospital is being developed.
   • University Investments:
     • Michigan State University: New health and education research center.
     • University of Detroit Mercy: Undergoing a $100 million renovation for its nursing and engineering facilities.
     • University of Michigan: Committing $200 million for a new center of innovation.
     • New Riverfront University: Enhancing educational opportunities along the riverfront.
   • Free College: Detroit offers four years of college education for free, aiming to boost education and future workforce readiness.
6. Public Safety & Infrastructure:
   • Crime Reduction: Homicides and carjackings have decreased significantly.
   • Freeway Security System: A $30 million grant will fund a new security camera system to enhance safety.
   • Illegal Vehicle Removal: The city plans to remove all abandoned and illegally parked vehicles by the end of 2024.
7. Sustainability & Climate Action:
   • Solar Energy Initiatives: Converting 127 buildings to solar energy and developing new solar fields.
   • Home Energy Efficiency: Community funds are available to help homeowners upgrade their homes to be more energy-efficient.
8. Economic & Employment Growth:
   • Unemployment Rate: Down to 6.9%.
   • Job Availability: Over 4,720 jobs currently open in Detroit.
   • Land Development: $100 million investment in revitalizing a 7.5-mile stretch from North to Fullerton.
9. Financial Stability & Credit Rating:
   • Detroit has returned to an investment-grade credit rating for the first time since 2009, reflecting its financial recovery and growth.
10. Community and Social Investments:
    • Affordable Housing Leader: Continued emphasis on affordable housing solutions.
    • Abandoned Buildings: Continued focus on converting abandoned buildings into apartment spaces.

Detroit’s momentum continues to build, presenting numerous opportunities for growth and investment.

The city is ranked number 1 in America for increased property values. Let's ****ing go!!