Conyers has some problems...

HoustonHusky

For someone whining in another thread about people not understanding Texas you are quick to defend a town where you can buy a house for less than a car.

AZDuck

HoustonHusky said:

For someone whining in another thread about people not understanding Texas you are quick to defend a town where you can buy a house for less than a car.

Welcome to last week's conversation. Where I mentioned that real estate was booming, relatively speaking, in Detroit. The cooger saw a twitpic of Detroit looking shitty and got all het up. Facts is facts, Jack.

Southerndawg

AZDuck said:

HoustonHusky said:

For someone whining in another thread about people not understanding Texas you are quick to defend a town where you can buy a house for less than a car.

Welcome to last week's conversation. Where I mentioned that real estate was booming, relatively speaking, in Detroit. The cooger saw a twitpic of Detroit looking shitty and got all het up. Facts is facts, Jack.

Detroit proper is an utter shit hole. Grosse Pointe, Grosse Point Farms, Grosse Pointe Shores, Bloomfield Hills, etc, not so much. HTH

RaceBannon

Got me curious so I checked Redfin for homes under 50K in Detroit city limits. Got 350 hits

Did the same search in Seattle and got ZERO results.

I think the larger point originally was that if there was some REAL hope for Detroit on the horizon some fund would buy all 350 of those and more because the return would be huge if there were a revival.

20 - 30 years ago you could buy in the CD in Seattle for under 50K. It was a good value obviously.

The IE was bought up and sold again after the 08 crash.

I'm not sure what would bring value back to Detroit but follow the money and you may or may not find out.

Pitchfork51

RaceBannon said:

Got me curious so I checked Redfin for homes under 50K in Detroit city limits. Got 350 hits

Did the same search in Seattle and got ZERO results.

I think the larger point originally was that if there was some REAL hope for Detroit on the horizon some fund would buy all 350 of those and more because the return would be huge if there were a revival.

20 - 30 years ago you could buy in the CD in Seattle for under 50K. It was a good value obviously.

The IE was bought up and sold again after the 08 crash.

I'm not sure what would bring value back to Detroit but follow the money and you may or may not find out.

So either way...

RaceBannon

Yes

AZDuck

RaceBannon said:

Got me curious so I checked Redfin for homes under 50K in Detroit city limits. Got 350 hits

Did the same search in Seattle and got ZERO results.

I think the larger point originally was that if there was some REAL hope for Detroit on the horizon some fund would buy all 350 of those and more because the return would be huge if there were a revival.

20 - 30 years ago you could buy in the CD in Seattle for under 50K. It was a good value obviously.

The IE was bought up and sold again after the 08 crash.

I'm not sure what would bring value back to Detroit but follow the money and you may or may not find out.

What I've read is that Detroit is now officially "undervalued," as real estate there is so much less than surrounding areas and the nation as a whole. And there's kind of a hipster revival thing going on where young people are moving in, taking advantage of one of the few urban areas in the country with affordable housing stock.

The Quicken Loans guy seems to be involved as well.

I've only ever changed planes there.

oregonblitzkrieg

This is great. It's actually a great way to really drain the swamp. Get rid of as many of them as possible.

HoustonHusky

AZDuck said:

RaceBannon said:

Got me curious so I checked Redfin for homes under 50K in Detroit city limits. Got 350 hits

Did the same search in Seattle and got ZERO results.

I think the larger point originally was that if there was some REAL hope for Detroit on the horizon some fund would buy all 350 of those and more because the return would be huge if there were a revival.

20 - 30 years ago you could buy in the CD in Seattle for under 50K. It was a good value obviously.

The IE was bought up and sold again after the 08 crash.

I'm not sure what would bring value back to Detroit but follow the money and you may or may not find out.

What I've read is that Detroit is now officially "undervalued," as real estate there is so much less than surrounding areas and the nation as a whole. And there's kind of a hipster revival thing going on where young people are moving in, taking advantage of one of the few urban areas in the country with affordable housing stock.

The Quicken Loans guy seems to be involved as well.

I've only ever changed planes there.

As of last year 1 in 5 homes in Detroit is vacant. As with all places there are some nice areas and not so nice areas, but in Detroit the latter far outweighs the former. And I'm sure it can be considered "undervalued", but that is only because it's at rock bottom.

And one of the main reasons why is because it's been run by a bunch of folks like Conyer's wife...

oregonblitzkrieg

Detroit is the blueprint for the rest of America under dotardcrat leadership. Nothing but fail.

#SocialismInAction