Detroit the first to start tear down houses program? 450 a WEEK

[Rich Weese]

http://news.yahoo.com/home-demolitions-turn-detroit-blank-canvas-050316719.html

Anyone buy any of "these great cash flow properties" in Detroit or some other mid west areas? Might be some other neighborhoods to follow. I remember seeing a house for $10 in that area a couple years ago. Rich

[Mathuw Chandler]

why tear down the houses. That is not a smart idea, yes some areas are in blight but doesn't mean mass amount of homes need to be torn down. Salvageable homes should be rehabbed to keep the history and culture alive with in a city. This is preserving a culture, history, and identity within a city. this is what happened in the 60's in american cities called Urban Renewal, Mass areas of cities were destroyed and along with it neighborhoods and and culture. Only to be replaces with suburban type developments. What tends to follow this act are developments and homes built to suburban standards and little architectural details. This re development will stick out like a sore thumb surrounded by historical homes built in a dense pattern. Some investors only think about money, how about the community? I also understand the flip side saying these properties lead to low property values and high crime, implementing a community improvement district and other incentives such as tax breaks can draw investors to this area. Put the money spent tearing these homes down into more police or increased safety measures. How about use the money to help and preserve the neighborhood