The problems are that while the neighborhood is rapidly up and coming with a brand-new courthouse, brand-new health center, brand-new art center, huge university presence , new bars and restaurants, there is still a level of transients in the area that make me Worried about a building there.

I don't think that would cause any rapid scare in wall street.My INGdirect account went from 4.10% to 3.65%.

F3Nelson must have been #4, I was #5 and you were #6… The good news is that this lender is growing rapidly… Their business has doubled today alone!

At MichiganREIIt won't let me PM you for some reason so I gotta do this here:"I just registered maybe a few minutes ago in interest of perhaps buying some tax deeds here in Michigan, currently live in Grand Rapids.

It's not a bad area for sure, and is appreciating rapidly.

This will allow you to keep cashing out and building your portfolio rapidly. 

We are in our mid to late 70's, so we are rapidly approaching to time where cash in the bank to care for our needs is more sensible.

You wouldn't want to buy into an area that is declining rapidly where the tenant quality is decreasing along with the area.

And know what, yes things will be a bit different, like when the housing collapse changed mortgage finance it did not end the industry, it changed it, the internet changed retail, YoMTV changed.... ok thats a bad example, point is adaptation will be required, some evolution of how business is done and there will always be those few who simply can not or will not adapt and evolve and with such go the way of the dinosaur, but for vast majority, life will go on, we will go on, housing will go on. 

Super ugly, but the area is rapidly gentrifying and there are a lot of rehabs going on all around it.