Would you suggest living/investing in Detroit or living/investing in Grand Rapids? 

Was the actual "market correction" the rapid increase over the past few years to get to where we are now and we are just reaching the point of where we will see property values rise at normal 50 year averages??

And, not trying to be a speculator, but there are a lot of attractions nearby that are ramping up tourist interest so there is also potential for rapid appreciation if that comes to pass.

But, those areas are largely turned now and I don't think there's any reason to expected that kind of rapid appreciation to continue.  

Hi I'm in Grand Rapids, Michigan and have been looking into refinancing or a HEL on my current owner occupied 3-unit home.

We live in a neighborhood that is rapidly gentrifying, but we believe in keeping our units affordable.

I'm sure things will continue to do well b/c Detroit has organic growth ahead of it, but due to the rapid appreciation and ># of investors piling in from around the globe, it's more of a risk now than it ever was in the Great Recession. 

I have a buyer who is looking for a rent to own property in the Coon Rapids, Blaine, Anoka, Andover, New Brighton, Roseville, Arden Hills, Maplewood, Shoreview, and Vadnais Heights areas - 1/2 acre +.

I have even seen programs where you get "Rapid Paid".  

Gentrification in the 741 zipcode has already been expanding outward from the river at a rapid pace.