Buying Properties in Detroit

[BlackRain]

I found 4 bed room, 2 bath room for just 25,000. I am planning to buy it and lock it up and hope the prices skyrocket in the near future. For those who been to Detroit what do you think?

[Itrah]

They are cheap because Detroit is a shit place to live. No jobs and highly ghetto.

Home prices aren't just construction costs.

[Hyperactive]

buy in florida, to may suprise is cheap compared to middle east, and way better weather.

[AbdiJohnson]

Have you been to Detroit?

Its a Western Mogadishu.

Street lights that dont turn on after sunset, grass growing on fire hydrants and entire neighborhoods boarded up and abandoned. Fires are extinguished by neighborhood volunteers because the Fire Department doesnt have the funds to respond to fire emergencies.

You have to pay property tax. Its not worth it

I am,

Abdi "House prices there will always be low" Johnson

[BlackRain]

buy in florida, to may suprise is cheap compared to middle east, and way better weather.

To much latinos I am afraid. the properties are around 250,000 +. I am not that rich boi

[BlackRain]

Have you been to Detroit?

Its a Western Mogadishu.

Street lights that dont turn on after sunset, grass growing on fire hydrants and entire neighborhoods boarded up and abandoned. Fires are extinguished by neighborhood volunteers because the Fire Department doesnt have the funds to respond to fire emergencies.

You have to pay property tax. Its not worth it

I am,

Abdi "House prices there will always be low" Johnson

It will pick up for sure. An Arbor which is about 40 mins away is just like any other Us city and their houses is comparable of those in any state. The city will get it's act together now that there is incentives to move in.

[Itrah]

The US economy will crash again like it did in 2007-2009. Nothing fundamentally changed, they only put band aids on the problems by printing money. There are far better investments than US real estate.

[BlackRain]

I am slowly moving to Africa but I can't totally abandon the greatest country in the world. I have to have some investment while I build some in Africa

[Lancer]

Detroit was one of the greatest cities in the us in the 20th century. Now it is 82.7 black......Do you see the correlation? I wouldn't waste my money if I were you.

[Hyperactive]

lol@blackrain, 250 000+ is nothing, ive witnessed somalis from west(islamo, with walfere and government housing) buying appartments doube that here in qatar!

bal mahey ko fali! funnything by law they cannot even invest it or rent out! wa on personal use thing! they dont even live here!!

Africa is scary place to live, africans not not joke and they are heatless. best place to live these days is maleysia or indonisia. its unpredictable , arabs and africans.

[anzeloti]

Another ''found"' property by blackrain...... you are the Adali of the real estate

[BlackRain]

lol@blackrain, 250 000+ is nothing, ive witnessed somalis from west(islamo, with walfere and government housing) buying appartments doube that here in qatar!

bal mahey ko fali! funnything by law they cannot even invest it or rent out! wa on personal use thing! they dont even live here!!

Africa is scary place to live, africans not not joke and they are heatless. best place to live these days is maleysia or indonisia. its unpredictable , arabs and africans.

Yeah Africans are unreliable but you can always bribe your way out. Kenya, Rwanda and Angola got huge potential for investments

[Itrah]

lol@blackrain, 250 000+ is nothing, ive witnessed somalis from west(islamo, with walfere and government housing) buying appartments doube that here in qatar!

lol... there's no way. Unless they are in some kind of illegal business.

Most Western countries cap net worth to about 30,000 when you are on welfare or council housing.

[BlackRain]

Another ''found"' property by blackrain...... you are the Adali of the real estate

So go ahead show me the other numberous threads you are talking about. Put your money where your mouth. If you can show me one single post or thread I will ban myself 2 months.

[Hyperactive]

itrah, i dont know how they got but islamahas wa rich. we call them islamo with huge hand bag carying. normally they looking wivies for their sons.

black, i hate bribing other my way in life. no wonder, africans when they know you somali they expecting money! that kind of life is not life. for once its wrong way to live.

we bought a summer house in fortlauderdale and we fall in love with the weather and cheap living cost, unlike middle east.