I live here in Detroit. I live in Midtown, moving closer to the River in a few months. I honestly don’t think most of the people in these comments have ever been here, or at least in the last 10 years. Downtown Detroit is beautiful to me. There’s a lot of good going on in the city
So true Eddie. I was born and raised in Oakland county and saw what the D was like in the 90s and early 2000s. Without life and crumbling. Much different city now. Lived in Dearborn heights back in 2015 before eventually moving to Texas and even THEN Detroit was already on its way back
Before we moved to Texas, my family was planning to buy a house in Boston-Edison, a couple houses away from the Berry Gordy mansion. We actually looked at a couple houses in that neighborhood but ultimately passed due to how renovations would cost more than what the house was worth.
It's a historic district and so there's a lot more to consider when renovating those homes. Had friend that had one he received after his parents died and just replacing the roof was like 40k because he couldn't just use regular shingles and it had a expensive slate roof that had to be recreated due to the historic factor.
About 12 years ago I was amazed to find I cold buy a decent brick house in Detroit for $25,000. It was so good I snapped up 10 of them. I spent about $25,000 each on rehab so I had $50,000 invested. Now they are worth about $120,000 each. The rent has gone from $650 to $1400. I have stopped investing in Detroit because of the very short sited property tax situation. The last one I bought I paid $70,000. The property tax was $700 which is about 1% which is about average all over the country. But then I got the property tax bill. $3250! That is based on some previous value of the house. That's just about all the profit so I never bought another one in Detroit. There are lots of places to invest where the tax is a lot more reasonable.
@Darcy Bolton To make matters worst you got you this extremely high city income tax!!!! @2.5 percent and they put these speed hump thing in that wreck your car, so your car MX bills double overnight, no thanks I rather live out in rural Livingston county.
I want to invest in a home there. I’m from there but haven’t lived home since I was young. I always go home and miss it and enjoy my family. I want to move downtown when I do .
Detroit is a city that has never given up and it is slowly paying off. If people continue to invest both their time and money, it will continue to improve.
Glad you're enjoying this moment. For now, relocating is not an option, but if I could live DT, perhaps in the Millender Center or Riverfront I would. Crime is my top concern.
As much as I wanted to move back to Detroit, where I was born, I could not because of continued problems that have not been addressed such as poor public transportation, city services, high taxes, and a lack of quality shopping. There is not one major supermarket in the city limits. Meijer took a chance by building a store on the outskirts at Woodward Avenue and 8 Mile Road, and it has the highest theft rate of all of its 40 stores. They even have a mini police station there. This is why no major supermarket chain will operate in Detroit. I was surprised that the Aldi's off Gratiot in Harper Woods had no customer access to the Public Restroom. You had to ask the Security Guard to unlock it. The same applies to Gas Stations in the city. They have no Public Restrooms, where others do. The inevitable truth, I am sorry to say is that these things are Race-based due to the way that certain Black people behave. While they have complained about not having nice stores and facilities, there is a negative element that brings in elements of crime and anti-social behavior that discourages major retail companies to locate in the city. I know that this steps on some toes, but this is the honest truth, which no none is daring to say. So if this bothers some people, the solution is to consider a change in attitude and behavior. Be grateful that a nice store was made available and value it. Then maybe there might be more of the same. Until we can come together on this, Detroit will not truly come back.
Gentrification! Furious Styles from the movie Boys In The Hood said it best. Property values in a neighborhood are brought down, while the land is bought out and sold for big profit. He also notes that this could be prevented if residents maintained solidarity by retaining black ownership. Buy in the better parts of the city before Gentrification has been done, because that is where the comeback is happening.
Man about the time this video was released I was considering investing in Detroit housing. Do you think 7 billion GM plan with boom the housing market there? What area should I buy in? I prefer a property around $120,000 or so..
Not nearly enough pictures of the downtown and the residential homes. Most of your video should be this instead of watching you. I am eager to see the city, condos, streets etc before buying
@@PaulWolfert clearly you are not bad to watch its just you get us excited about the city and the homes and we wait for a in depth visual and tour etc but it's doesn't happen
Honestly I'm just sick of Texas...been thinking about getting into real-estate plus alot of my family lives there so why not. I think I'll be there in the next year. Sound like a great deal for me personally.
When your currency is rapidly losing purchasing power you distort price discovery. For as long as you have been alive we've had artificially low interest rates. Three decades of debt monetization is ending via dollar death or unsustainable rate hikes. The withdrawal from modern monetary theory failing will be epic.
I drive around almost everyday recording renovations, developments, etc. Detroit is developing so fast downtown right now. And it’s so low cost down here. Right now would be equivalent to buy a stock when I was like $5 before it shoot up to $100 the next few years. As a Black Man from Detroit, imma be real with some y’all. I don’t wanna bring race into this, but you gotta a White Man telling you to buy property in Detroit. You think he’s doing this for no reason ? Lmao
I moved from Connecticut to Detroit. Any one who tells you detroit is lame or dangerous, they are full of it. I bought a house for a 1000 bucks during covid. literally people were out buying TVs with their stimulus checks and i bought an old detroit fixer upper. i just got my appraisal on the house today. the realtor told me 70k to 90k.
I thought you said Detroit was the worst city in the country???? 🤔 I already have a bunch of houses in Detroit because that’s where I’m from… you are late
You can get some good deals on houses. Probably only been 10 murders in them. I will admit they have put a lot of work and they are downtown and there is some decent places around Detroit, but good luck. The crime and crappy weather isn’t for me.
Detroit is going to always be Detroit....(ie, high crime, poorly run city, high taxes). Prices are cheap on all sinking ships and Deteoit is no different. It is "cheap" for a very good reason. Even if you buy a home for cheap it is still in DETROIT. You have been warned.
You forgot to mention NO ONE WANTS TO LIVE IN A PLACE WITH SO MANY BLACK PEOPLE .. That why the federal government and State made it easy for white people to move out and take there JOBS TAX BASE AND POLITICAL CLOUT OUT .. and more recent they’ve REMOVED most of the MAJOR EVENTS that had been staples within the city ~ STATE FAIR , the HOE DOWN ..the Circus.... even the grand finale Auto Show has been held OUT in OAKLAND COUNTY...the last couple YEARS they’ve been trying to TAKE THAT SENCE 2009 .
Do you live here in Detroit ? Why would this city ALWAYS be the same? I just don’t understand why anyone would think they way about anything. I have lived here almost my whole life and this city is massively different than it was 10 years ago, so just there your point is invalid. Geez what a dark take on an entire city that’s legitimately making a huge comeback xD
Big Facts, my father past from CV, 2019 left house in Detroit, didn't won't to move back, now it's already gutted, people always say Detroit coming back, but how the same people that took it down,bringing it back?
Detriot? I feel like i am in a jungle.. the crime is high, i dont feel safe and its dirty… lots of homeless too there is a lot of historic beautiful home that are being abandoned…sad but people here in Michigan don’t want to live in Detroit because of the crime..
You mean they wanted to be closer to the crack and heroine dealers. What the hell else is going on down there except gambling? "Job market is booming" lmao 🤣 Maybe as a street dealer for crack and heroine. "All the activities" like getting car jacked, robbed, or hanging out in a trap or crack house getting high. This video is hilarious 🤣
You've never been or spent any amount of time in Detroit. Another idiot beyond a keyboard parroting what the media says and equating all of Detroit to its worst hoods. Get lost
I left the Georgia market to explore Michigans real estate market with an emphasis on Detroit because of how cheap it is. When speaking to most native Detroiters, they have NO CLUE what’s going on in their own city and it’s sad. They only see the bad. Meanwhile, huge tech and finance companies and even foreign companies are scouting out the city in droves! I’ve met tons of people here for work from other countries (DR and even France) and I take the time to ask them what they do and why they’re here. A lot of people also fly into Detroit to go visit Canada. Fly into Detroit and drive to Chicago since it’s cheaper. There’s tons of construction going on and the price you’d pay to live downtown in the city is a HUGE price difference between living downtown in other cities. 10 years ago, Atlanta was in a similar boat. Not those same “worst neighborhoods” in Atlanta are million dollar neighborhoods. If you’re observant and willing to do your own market analysis, Detroit is a literal gold mine. It’s a shame the natives here don’t see it because they’ll be pushed out within 10 years. Houses in the “hood” are sitting steps away from the sports arenas. You can get anywhere within 20 minutes without ridiculous traffic. I like it here.
I'm a native Detroit-er, I keep telling people who are trying to move out of the city.....that's it's going to be hard move back, because the prices of home's will be too expensive.
@@DARKPurpleNailPolish crime is one of them, but in certain areas there's no crime. I will say this, since the pandemic, the city has gotten wild. At the same time more people from the suburb's and New York, are moving to Detroit, because it's cheaper to move in.
I am a believer but it has to be done strategically although the process can be simple. Even in the worst of neighborhoods, there is always some major new development taking place. The theory is to acquire adjacent properties as close and as fast as possible to whatever new development is taking place. Here are a few recent examples within the past few years. First, properties close to the new Fiat Chrysler plant location both commercial and residential. Second, properties around the train station renovation. Properties at or near Meijer/Amazon DET6, State Fair &, Bauman ( 8 Mile Rd. area), and so on. Whatever the case, there of course will always be some kind of risk but careful research will mitigate these risks!
All the naysayers - with the negativity comments ignore them - I have done very well here coming from NYC there is good and bad every where but Detroit has some really gem areas - a PLUS PLUS PLUS great restaurants great people ❤️❤️❤️
That's right tony. It's a great city. Really nice metro too. Lots of things to do. Hopefully the sports teams can start winning again though lol. But LCA is nice and Copa and ford field. All nice venues. The fox and Detroit opera house as well. Cheers!
I spent some time there around 1990 after growing up in Detroit and Mexican Town seemed livable and growing especially with my Spanish speaking ability and an Hispanic wife. There were family run grocery stores and fast food places and homes being renovated. Of course just outside of the renovation was full on ghetto . Seeing how Hamtramck had changed with the crime and middle eastern influence was interesting.
Real Detroiters didn't live in highrise buildings downtown or midtown. They lived in homes on the house side of 8 mile. Not the trailer park side of 8 mile. Real Detroiters worked hard in nursing, automotive industry and construction. Detroit is a good place for dysfunctional trust fund recipients and lifetime colleges students that watched friends on t.v. and want to act pretentious in low cost city environment. They have opened new bars that serve $5 can beer and $18 craft cocktails. Their "butcher shop " sells $15 rotisserie chicken. Secret bakeries and coffee shops abound designed to keep the local real Detroiters out. Its still a free world. Variety is the spice of life . Maybe your Mary Jane lager micro brewery in Detroit will be successful.
Lived here my whole life. It will never come back to what it was. Downtown is nicer during the DAY, but that's about it. Many people who moved here 5 years ago during the boom have mostly sold and moved away. Don't believe the hype, sorry.
@@andremoore6928 exactly I live in Chicago weather is not a factor for me and the crime here is crazy can't listen to the news there is good and bad from sea to shining sea j
A friend of mine quadrupled his money on real estate in Detroit. He bought a house in Detroit in 1993 for 1 dollar and sold it this year for 5 dollars.
I live here in Detroit. I live in Midtown, moving closer to the River in a few months. I honestly don’t think most of the people in these comments have ever been here, or at least in the last 10 years. Downtown Detroit is beautiful to me. There’s a lot of good going on in the city
Agreed. A lot of people don't even watch the full video before commenting.
Facts
When I busted Detroit in 2019 I was pleased to see that the hype is accurate. May move there next year. Go for it, Motown!
IIRC, Detroit is top 10 in food, arena distric & safety. Downside is Detroit is a ghost town, unless there is a big event.
So true Eddie. I was born and raised in Oakland county and saw what the D was like in the 90s and early 2000s. Without life and crumbling. Much different city now. Lived in Dearborn heights back in 2015 before eventually moving to Texas and even THEN Detroit was already on its way back
Damn, wish I would've gotten into the market 5 years ago.
Detroit is a beautiful city, if this was 10-20 years ago, I dont think anyone would be heard saying that. But man is it making a comeback
I remember going downtown to a few bars 16-17 years ago and it was a TOTALLY different place. Almost unrecognizable.
Before we moved to Texas, my family was planning to buy a house in Boston-Edison, a couple houses away from the Berry Gordy mansion. We actually looked at a couple houses in that neighborhood but ultimately passed due to how renovations would cost more than what the house was worth.
That would have been cool though! The Boston Edison homes just keep going up in value
Taxes are ridiculous 💯
It's a historic district and so there's a lot more to consider when renovating those homes. Had friend that had one he received after his parents died and just replacing the roof was like 40k because he couldn't just use regular shingles and it had a expensive slate roof that had to be recreated due to the historic factor.
R.I.P. Chuck Jarvis!
I grew up on Arden Park right near Boston-Edison!💖 I hope to buy back my childhood home back one day ☺️
I love Detroit. I do a lot of work there and the food is fantastic. Especially Corktown, I think they have the best food
About 12 years ago I was amazed to find I cold buy a decent brick house in Detroit for $25,000. It was so good I snapped up 10 of them. I spent about $25,000 each on rehab so I had $50,000 invested. Now they are worth about $120,000 each. The rent has gone from $650 to $1400.
I have stopped investing in Detroit because of the very short sited property tax situation. The last one I bought I paid $70,000. The property tax was $700 which is about 1% which is about average all over the country.
But then I got the property tax bill. $3250! That is based on some previous value of the house. That's just about all the profit so I never bought another one in Detroit. There are lots of places to invest where the tax is a lot more reasonable.
@Darcy Bolton To make matters worst you got you this extremely high city income tax!!!! @2.5 percent and they put these speed hump thing in that wreck your car, so your car MX bills double overnight, no thanks I rather live out in rural Livingston county.
Your property tax was $700? I live in Pontiac and my taxes just went up to $1500. Want to trade places?
I live in the NW and am so sick of paying $1,800 for a crap 1 bdrm with no amenities. My state is dying, Detroit MIGHT be an alternative.
Ok you convinced me. I'm a investor from Miami. Let's do this
Shoot me an email! paul@movingmi.com
I want to invest in a home there. I’m from there but haven’t lived home since I was young. I always go home and miss it and enjoy my family. I want to move downtown when I do .
Paul love your videos and i’m working on video in Mid Michigan my son sent your videos to me!
Great Job
Thank you! RUclips is the best!
Detroit is a city that has never given up and it is slowly paying off. If people continue to invest both their time and money, it will continue to improve.
I agree with you 100%
Idk man.... 80's & 90's Detroit was absolutely disgusting. Born and raised Detroit here.
He doesn’t live in the ghetto. He keep saying DOWNTOWN. Detroit is more than DOWNTOWN.
Glad you're enjoying this moment. For now, relocating is not an option, but if I could live DT, perhaps in the Millender Center or Riverfront I would. Crime is my top concern.
You're definitely not alone. Crime is a top concern for most people considering Detroit.
Loving your upbeat commentary of DETROIT woof WOOF !
I would love to but the taxes are crazy
Yeah they are!
As much as I wanted to move back to Detroit, where I was born, I could not because of continued problems that have not been addressed such as poor public transportation, city services, high taxes, and a lack of quality shopping. There is not one major supermarket in the city limits. Meijer took a chance by building a store on the outskirts at Woodward Avenue and 8 Mile Road, and it has the highest theft rate of all of its 40 stores. They even have a mini police station there. This is why no major supermarket chain will operate in Detroit. I was surprised that the Aldi's off Gratiot in Harper Woods had no customer access to the Public Restroom. You had to ask the Security Guard to unlock it. The same applies to Gas Stations in the city. They have no Public Restrooms, where others do.
The inevitable truth, I am sorry to say is that these things are Race-based due to the way that certain Black people behave. While they have complained about not having nice stores and facilities, there is a negative element that brings in elements of crime and anti-social behavior that discourages major retail companies to locate in the city. I know that this steps on some toes, but this is the honest truth, which no none is daring to say. So if this bothers some people, the solution is to consider a change in attitude and behavior. Be grateful that a nice store was made available and value it. Then maybe there might be more of the same. Until we can come together on this, Detroit will not truly come back.
I'm looking at investing in detroit what areas do you recommend and would you buy and rent or buy and flip ???
I'd suggest buy, hold & rent. Especially in areas near downtown. Values keep climbing there and rental demand is high.
Gentrification! Furious Styles from the movie Boys In The Hood said it best. Property values in a neighborhood are brought down, while the land is bought out and sold for big profit. He also notes that this could be prevented if residents maintained solidarity by retaining black ownership. Buy in the better parts of the city before Gentrification has been done, because that is where the comeback is happening.
Man about the time this video was released I was considering investing in Detroit housing.
Do you think 7 billion GM plan with boom the housing market there?
What area should I buy in? I prefer a property around $120,000 or so..
9% unemployment is still 3x the national average. Motor City is making a nice comeback, but it still has a ways to go.
Agreed! Just heading in the right direction
It's a new market and extremely easy to start a business in! If you know what you are doing 😁
Yeah, and factor in insane property taxes, car insurance at $800 per month, city tax if you work in the city. Crime. No thanks, I'll pass.
Bye!
Car insurance $$800!!
@@phlyerthanyou5387 See ya.
@@janpack7095 - Per month? Leave the Rolls at home!
I can tell you don’t make money!
Great content! Hope to see more
Thanks!
Not nearly enough pictures of the downtown and the residential homes. Most of your video should be this instead of watching you. I am eager to see the city, condos, streets etc before buying
Appreciate the feedback! This year I'm planning on doing more tours of cities/areas without me in the videos as much
@@PaulWolfert clearly you are not bad to watch its just you get us excited about the city and the homes and we wait for a in depth visual and tour etc but it's doesn't happen
@@MichiganUSASingaporeSEAsia you'll see much more this year 😀
These are posted prices what are or were the transaction prices?
You need to use median figures not averages.
Honestly I'm just sick of Texas...been thinking about getting into real-estate plus alot of my family lives there so why not. I think I'll be there in the next year. Sound like a great deal for me personally.
hi paul, what areas to avoid in detroit? like what streets or neighbourhoods are the worst where if you buy a house it will get breaken into
Hey!! Let me know if you want help buying a place - paul@movingmi.com - I usually have people check out neighborhoodscout.com for crime stats.
thanks man!@@PaulWolfert
When your currency is rapidly losing purchasing power you distort price discovery. For as long as you have been alive we've had artificially low interest rates. Three decades of debt monetization is ending via dollar death or unsustainable rate hikes. The withdrawal from modern monetary theory failing will be epic.
I drive around almost everyday recording renovations, developments, etc. Detroit is developing so fast downtown right now. And it’s so low cost down here. Right now would be equivalent to buy a stock when I was like $5 before it shoot up to $100 the next few years.
As a Black Man from Detroit, imma be real with some y’all. I don’t wanna bring race into this, but you gotta a White Man telling you to buy property in Detroit. You think he’s doing this for no reason ? Lmao
And we have a Black man confirming what the White guy is saying. Sounds like it’s all good.
I love the city!🥰
Do you post any of your recordings anywhere?
You can get a wonderful home for a $1,000 in the hood. You then put 100,000 in fixing it up. Three years later you have a home worth $25,000.
🤣
LOL 😆
Note : cop cars setting around ,yeah a lot going on their . Go figure !
I moved from Connecticut to Detroit. Any one who tells you detroit is lame or dangerous, they are full of it. I bought a house for a 1000 bucks during covid. literally people were out buying TVs with their stimulus checks and i bought an old detroit fixer upper. i just got my appraisal on the house today. the realtor told me 70k to 90k.
That's amazing! Detroit has so much potential, and it's great to see your investment paying off.
Don't, unless you're planning to move here and be a part of the solution. Otherwise you're a problem
So why are tiny houses being built? Maybe amazon can set up shop there
There already there
No Twitter ?
I thought you said Detroit was the worst city in the country???? 🤔 I already have a bunch of houses in Detroit because that’s where I’m from… you are late
Never said that. Not once.
You can get some good deals on houses. Probably only been 10 murders in them. I will admit they have put a lot of work and they are downtown and there is some decent places around Detroit, but good luck. The crime and crappy weather isn’t for me.
4:30. Yeah, gunfire
Detroit is going to always be Detroit....(ie, high crime, poorly run city, high taxes).
Prices are cheap on all sinking ships and Deteoit is no different. It is "cheap" for a very good reason. Even if you buy a home for cheap it is still in DETROIT.
You have been warned.
You forgot to mention NO ONE WANTS TO LIVE IN A PLACE WITH SO MANY BLACK PEOPLE .. That why the federal government and State made it easy for white people to move out and take there JOBS TAX BASE AND POLITICAL CLOUT OUT .. and more recent they’ve REMOVED most of the MAJOR EVENTS that had been staples within the city ~ STATE FAIR , the HOE DOWN ..the Circus.... even the grand finale Auto Show has been held OUT in OAKLAND COUNTY...the last couple YEARS they’ve been trying to TAKE THAT SENCE 2009 .
Oh ONE MORE MAJOR EVENT that is NOW OUT in the suburbs Oakland County the HOME and GARDEN SHOW
Do you live here in Detroit ? Why would this city ALWAYS be the same? I just don’t understand why anyone would think they way about anything. I have lived here almost my whole life and this city is massively different than it was 10 years ago, so just there your point is invalid. Geez what a dark take on an entire city that’s legitimately making a huge comeback xD
Big Facts, my father past from CV, 2019 left house in Detroit, didn't won't to move back, now it's already gutted, people always say Detroit coming back, but how the same people that took it down,bringing it back?
Waiting fof economy to crash. Any day now
It'll be a long wait.
There was a bunch of shit houses back in 2015 - you won’t see as many today
Absolutely! Detroit houses around 2010- 2015 were a mess. It's good to see that things have improved since then.
Fix the crime Issues first,
Crime is everywhere in this country
He forgot to mention the crime rate 😆
Very nice homes there cheaper than California
Lots of people get gunned down there too.
Same in LA, NY, Chicago, etc
Ignorant
Detriot? I feel like i am in a jungle.. the crime is high, i dont feel safe and its dirty… lots of homeless too there is a lot of historic beautiful home that are being abandoned…sad but people here in Michigan don’t want to live in Detroit because of the crime..
Detroit? You're kidding right?
He doesn’t live in the ghetto. He keep saying DOWNTOWN. Detroit is more than DOWNTOWN.
He got swamp land he's trying to sell to lol 😆
Too cold..
You mean they wanted to be closer to the crack and heroine dealers. What the hell else is going on down there except gambling? "Job market is booming" lmao 🤣 Maybe as a street dealer for crack and heroine. "All the activities" like getting car jacked, robbed, or hanging out in a trap or crack house getting high. This video is hilarious 🤣
Sounds abt white…
@@chriswil5919 don't be a genteifier!!
@@VaughnMalecki Black and born and raised in Detroit… #TherealDetroit
@@chriswil5919 White, born in Detroit, and don't want to be anywhere near the city.
@@VaughnMalecki I know . Was that thought taught ?? Smh ..
MASSIVE IDIOOOTTTT....
LOCATION LOCATION LOCATION
THATS REAL ESTATE AND U CAN
TAKE THAT TO THE BANK.....
You probably have no idea how much development is going on in the city.
You've never been or spent any amount of time in Detroit. Another idiot beyond a keyboard parroting what the media says and equating all of Detroit to its worst hoods. Get lost
Not WORTH THE RISK
Right
What about crime tho? No thanks!
I left the Georgia market to explore Michigans real estate market with an emphasis on Detroit because of how cheap it is. When speaking to most native Detroiters, they have NO CLUE what’s going on in their own city and it’s sad. They only see the bad. Meanwhile, huge tech and finance companies and even foreign companies are scouting out the city in droves! I’ve met tons of people here for work from other countries (DR and even France) and I take the time to ask them what they do and why they’re here.
A lot of people also fly into Detroit to go visit Canada. Fly into Detroit and drive to Chicago since it’s cheaper. There’s tons of construction going on and the price you’d pay to live downtown in the city is a HUGE price difference between living downtown in other cities.
10 years ago, Atlanta was in a similar boat. Not those same “worst neighborhoods” in Atlanta are million dollar neighborhoods.
If you’re observant and willing to do your own market analysis, Detroit is a literal gold mine. It’s a shame the natives here don’t see it because they’ll be pushed out within 10 years.
Houses in the “hood” are sitting steps away from the sports arenas. You can get anywhere within 20 minutes without ridiculous traffic.
I like it here.
I'm a native Detroit-er, I keep telling people who are trying to move out of the city.....that's it's going to be hard move back, because the prices of home's will be too expensive.
@@MrDantte What’s the main reason people are leaving?
@@DARKPurpleNailPolish crime is one of them, but in certain areas there's no crime. I will say this, since the pandemic, the city has gotten wild. At the same time more people from the suburb's and New York, are moving to Detroit, because it's cheaper to move in.
@@MrDantte thank you! Which parts aren’t as crime ridden?
Crime map for Detroit: www.neighborhoodscout.com/mi/detroit/crime
I am a believer but it has to be done strategically although the process can be simple. Even in the worst of neighborhoods, there is always some major new development taking place. The theory is to acquire adjacent properties as close and as fast as possible to whatever new development is taking place. Here are a few recent examples within the past few years. First, properties close to the new Fiat Chrysler plant location both commercial and residential. Second, properties around the train station renovation. Properties at or near Meijer/Amazon DET6, State Fair &, Bauman ( 8 Mile Rd. area), and so on. Whatever the case, there of course will always be some kind of risk but careful research will mitigate these risks!
All the naysayers - with the negativity comments ignore them - I have done very well here coming from NYC there is good and bad every where but Detroit has some really gem areas - a PLUS PLUS PLUS great restaurants great people ❤️❤️❤️
That's right tony. It's a great city. Really nice metro too. Lots of things to do. Hopefully the sports teams can start winning again though lol. But LCA is nice and Copa and ford field. All nice venues. The fox and Detroit opera house as well. Cheers!
If you can get enough like minded preservationist purchase and move into Detroit it might be a good start.
This guy is delusional!
Very
You got me fucked up trying to buy a home in Detroit
I spent some time there around 1990 after growing up in Detroit and Mexican Town seemed livable and growing especially with my Spanish speaking ability and an Hispanic wife. There were family run grocery stores and fast food places and homes being renovated. Of course just outside of the renovation was full on ghetto . Seeing how Hamtramck had changed with the crime and middle eastern influence was interesting.
Taxes suck! Reason to not buy!
A majority of corporate travelers do not stay in detroit.
With increase in WFH Detroit should not be a bad idea
Was für ein Sieg ... für den Rechststaat und das Insolvenzrecht .....
How about mortgage
Didn’t you make a video a year ago on saying we shouldn’t move here??? hmmmmm ok
If you actually watch that video, I didn't.
Where will your kids go to school? Where will you get gas, grocery shop or go to the store?
Don't worry, I'll just send my kids off to the School of RUclips and get my groceries delivered by drone!
Real Detroiters didn't live in highrise buildings downtown or midtown. They lived in homes on the house side of 8 mile. Not the trailer park side of 8 mile. Real Detroiters worked hard in nursing, automotive industry and construction.
Detroit is a good place for dysfunctional trust fund recipients and lifetime colleges students that watched friends on t.v. and want to act pretentious in low cost city environment. They have opened new bars that serve $5 can beer and $18 craft cocktails. Their "butcher shop " sells $15 rotisserie chicken. Secret bakeries and coffee shops abound designed to keep the local real Detroiters out. Its still a free world. Variety is the spice of life . Maybe your Mary Jane lager micro brewery in Detroit will be successful.
Hi should I get my real estate license right now in Detroit and surrounding areas?
I pass i stay in az
No it's not.
Talk about living on fantasy island
Rising rates, rising taxes, rising crime....Good Luck!
Lived here my whole life. It will never come back to what it was. Downtown is nicer during the DAY, but that's about it. Many people who moved here 5 years ago during the boom have mostly sold and moved away. Don't believe the hype, sorry.
Big Facts, born and raised there,moved 12yrs ago, the place is worse, this guy selling snake oil 🛢 lol 😆
Lived here !?! Is that metro Detroit (suburbs) or Detroit ?? Big difference…
Only A SUCIDAL FOOL WOULD BUY A HOME IN DETROIT...TERRIBLE WEATHER & CRIME IS THE WORST
You ever been to Detroit in the Spring, Summer, or Fall? Lmao
Right
Weather is terrible in New York Boston and Chicago to so whats the difference. Bc its Detroit?
@@andremoore6928 exactly I live in Chicago weather is not a factor for me and the crime here is crazy can't listen to the news there is good and bad from sea to shining sea j
@@eddielacrosse2 Born and raised there and I agree with the comment.
I have been hearing Detroit's coming back since I was 8 y/o. I am now 58. Not happening. Best case a dead cat bounce.
A friend of mine quadrupled his money on real estate in Detroit. He bought a house in Detroit in 1993 for 1 dollar and sold it this year for 5 dollars.
Lmao😅