Mass real estate purchases

>>1518286
Do you get to pay property taxes on that land for decades until any recovery happens? Sounds like a plan, do it Op

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>>1518286
>The value has no choice but to go up
That's what everyone who bought the dip in Enron said.

>>1518286
China is buying because of the possible resurgence of the automotive industry and their current on-shoring efforts.

Buying land in detroit is a bad idea though for an individual because of all of the income tax and property tax requirements.

The biggest problem with buying in Detroit is that you have to live in your property. You can't just sit on them and wait

https://www.buzzfeed.com/jessicaprobus/heres-everything-you-need-to-know-about-buying-a-500-house-i?utm_term=.uhk704nx1#.jtKXjyDvx

Go to 8

I can't find the articles I was reading about it but it is true.

>>1518317
>buzzfeed

Didn't even bother, try again.

Michigan had been losing people and jobs for a long time. So there's no rental base.

But the Chinese don't care about renting things out, they just do a pure appreciation play with all their stuff. Stupid, really.

But it would be a fun project to do, I've always wanted to tackle a bigger reno than just the cosmetic stuff that I've been doing

>>1518334

Good for you, mate.

detroit is a 50 year play at the soonest. there are much better things in that timeframe imo