AfricaOwn Posted March 25, 2013 The US federal government is finally taking steps to clean-up the motor city, GM oversea assembly plants is coming back to Detroit area, real estate is dirt cheap, all the criminals moved to the south. This trend sparked the Chinese interest " China Central Television (CCTV) aired an interview last week with Detroit real estate agent and entrepreneur Jasmine McMorris who told the state broadcaster she has bought more than 360 Detroit homes herself – many costing just $500. Detroit is in the early stages of a turnaround- Take advantage. The S&P/Case-Shiller index shows that home prices in Detroit rose 13.6 per cent in December. That’s the city’s single largest jump in real estate prices since at least 1991. Quote Share this post Link to post Share on other sites
underdog Posted March 25, 2013 Hmmmm...Interesting. http://www.businessweek.com/articles/2013-01-24/detroit-housings-for-sale-and-global-investors-want-in Quote Share this post Link to post Share on other sites
AfricaOwn Posted March 25, 2013 Detroit is in a perfect location in the middle of: Chicago-Toronto-New York area, one of America's greatest city. Quote Share this post Link to post Share on other sites
underdog Posted March 25, 2013 http://www.realtor.com/realestateandhomes-detail/4030-W-Grand-St_Detroit_MI_48238_M42904-97247 $1200 for 1600sp/ft about $1000 a year in property taxes Ideal for a buy and hold for 5/6 years. Quote Share this post Link to post Share on other sites
