Detroit

[stepping_up_IHB]

Interesting article on investing in RE in Detroit



<a href="http://www.smartmoney.com/investing/economy/the-new-prospectors/">The New Prospectors: Buying Cheap Homes</a>

 

[centralcoastobserver_IHB]

I can't get over the belief that Detroit will once again boom as soon as the auto industry "rebounds." I just don't think that's a reasonable assumption. Although I imagine that there are good deals for "cash flow" investors, as long as there are people employed in Detroit.