Detroit
Posted: 22 May 2009 10:57 AM   [ Ignore ]
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Interesting article on investing in RE in Detroit

The New Prospectors: Buying Cheap Homes

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Posted: 22 May 2009 11:55 AM   [ Ignore ]   [ # 1 ]
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I can’t get over the belief that Detroit will once again boom as soon as the auto industry “rebounds.”  I just don’t think that’s a reasonable assumption.  Although I imagine that there are good deals for “cash flow” investors, as long as there are people employed in Detroit.

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