Discuss Detroit DISCUSS DETROIT! Investors find real estate gold in Detroit Previous Next
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Strait_shooter
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Username: Strait_shooter

Post Number: 5
Registered: 04-2007
Posted on Tuesday, March 17, 2009 - 9:59 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

http://www.cnn.com/2009/US/03/ 17/rtr.detroit.opportunity/ind ex.html
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Thecarl
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Username: Thecarl

Post Number: 938
Registered: 04-2005
Posted on Tuesday, March 17, 2009 - 10:09 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

this just goes to show how underachieving those scrappers are.
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Maxdetroit
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Username: Maxdetroit

Post Number: 103
Registered: 08-2007
Posted on Tuesday, March 17, 2009 - 10:41 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

OK here's what I want to know. All we ever hear about is the one dollar houses in Detroit, doom and gloom, yada yada. But every Sunday the Free Press lists homes sold in Wayne-Oakland-Macomb. I only look at the Detroit sales but some of the prices don't really seem *that* bad considering the economy in this area. I'm wondering how many of these "sales" listed in the paper are re-fi's by the owner as opposed to selling the house to another party. Either way, a person would need a Very High credit rating.
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Goat
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Username: Goat

Post Number: 2835
Registered: 10-2003
Posted on Wednesday, March 18, 2009 - 1:32 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Speculators, just another reason for Detroit's ills. A city doesn't need more people owning property. They need people to INVEST in those properties to bring them back from oblivion.

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