Rebuild Detroit: Got a buck? Buy a lot
It doesn't take much to invest in Detroit land these days. Sometimes, a dollar is enough.Read more
#1 Apr 1, 2013
Buy a lot or plenty of lots for a buck and what do you do with them?
Want to live there? Build a 1,000 foot house for $100/ft., which is cheap. Now you have $100,001 invested in something worth $25K.
Hold on to the lot and demand will catch up? How long can you live? Meanwhile, you pay tax on the lot. I think you still pay the $300 trash fee. You are responsible for maintenance. That includes hauling off the trash placed on the lot by everyone who knows you can't stand there 24/7. Otherwise, get cited by Detroit and pay a fine plus clean-up.
There's a little inertia that stops people from investing that $1.
#2 Apr 1, 2013
yea the price is right, but I can't live with all of the negative social baggage that comes with a house lot in Detroit.
who would want to live around or near large numbers of people with no respect for the rule of law or other humans living in the area, people who burn, loot, kill babies over drug deals gone bad, commit assaults, armed robberies just because they feel like it??
Until the city hall fiscal mess is resolved in bankruptcy courts there is the looming threat of more and more city taxes to support the bloated corrupt city government.
Plus too much of the city population is on welfare , food stamps, involved in drug sales, carrying guns or pushing a extreme religious onto the city landscape for the city to be viable.
For the city to become viable the citizens. along with Federal ,state, county and city government need to decide who is going to control the streets of Detroit drug gangs or the rest of civilized society everyday citizens.
then enforce that decision with real action.
Detroit Chicago and other cities can not continue or long survive with things as they are now with one ethic group ignoring the rule of law and the common good.
#3 Apr 1, 2013
Yet and still, pioneers take the arrows. Somebody who is willing and able to take the risk will make money by buying cheap. I can't sleep with it myself. Pioneers get buried on boot hill.
#4 Apr 1, 2013
So detroit is like dodge city in late 1800's. I will bet the officials then werent as crooked as many in wayne county and detroit
#5 Apr 1, 2013
Now remember, when things look bad and it looks like you're not gonna make it, then you gotta get mean. I mean plumb, mad-dog mean. 'Cause if you lose your head and you give up then you neither live nor win. That's just the way it is.
#6 Apr 1, 2013
In detroit.....looks like we made it?
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