Discuss Detroit Archives - Beginning January 2006 Where to buy lots in detroit? Previous Next
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Empiredude
Member
Username: Empiredude

Post Number: 1
Registered: 04-2006
Posted From: 66.108.102.246
Posted on Monday, April 10, 2006 - 5:19 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

i want to purchase lots in the city of detroit in surrounding areas, and would like to know the best areas? I was looking into wayne county and saw some for some good prices?(im sure the neighboorhood aint good but not looking to sell anytime soon1) i know once the city of detroit (especially downtown buildings and land are preety much bought out), i know the housing should be hard to obtain after downtown get its self into better shape!) what are your thoughts about that?
im optimistic about detroit, once they fix the gm and ford crisis, it will be smoothing sailing over in detroit! there is no way the u.s economy would let overseas car makers be the only dominant force in the u.s! (thats why i see a future for detroit)
im a out of towner(nyc) and the prices over there seem inticing enough to buy! any suggestions? thanks!
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Miss_cleo
Member
Username: Miss_cleo

Post Number: 154
Registered: 05-2005
Posted From: 69.47.85.139
Posted on Monday, April 10, 2006 - 8:40 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

um, yeah, you dont know much about Detroit do you? It will never be smooth sailing here buddy
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Itsjeff
Member
Username: Itsjeff

Post Number: 5762
Registered: 10-2003
Posted From: 208.27.111.125
Posted on Monday, April 10, 2006 - 9:27 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

You could purchase Miss Cleo's lot, once she moves her double-wide up north.
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Miss_cleo
Member
Username: Miss_cleo

Post Number: 155
Registered: 05-2005
Posted From: 69.47.85.139
Posted on Monday, April 10, 2006 - 9:44 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

not moving to a double wide ya fool, and I have an acre lot in Clinton Township he is welcome to.
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1953
Member
Username: 1953

Post Number: 757
Registered: 12-2004
Posted From: 209.104.146.146
Posted on Monday, April 10, 2006 - 11:42 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

I'd sort of like to buy a 'lot' or two myself. Where does one find information about available grassland in the city of Detroit?
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Oldredfordette
Member
Username: Oldredfordette

Post Number: 606
Registered: 02-2004
Posted From: 65.6.177.36
Posted on Monday, April 10, 2006 - 11:49 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

Lots of what?
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Jams
Member
Username: Jams

Post Number: 3080
Registered: 10-2003
Posted From: 69.218.153.25
Posted on Monday, April 10, 2006 - 11:55 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

I picked up a few on ebay.
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Haydenth
Member
Username: Haydenth

Post Number: 22
Registered: 05-2005
Posted From: 67.107.50.35
Posted on Monday, April 10, 2006 - 12:17 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

That's just what the city needs - more speculators holding onto land with no plans to develop anything on them. Pretty soon they turn into an overgrown trashy eyesore like every other speculator-owned lot in the city.

pardon the cynicism

(Message edited by haydenth on April 10, 2006)
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Spacemonkey
Member
Username: Spacemonkey

Post Number: 3
Registered: 03-2006
Posted From: 63.102.87.27
Posted on Monday, April 10, 2006 - 5:50 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

I, too, would buy a few lots in Detroit and hang on to them for the property value. Or perhaps build a nice cabin in the Detroit fields and woods in a few years.
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Jsmyers
Member
Username: Jsmyers

Post Number: 1552
Registered: 12-2003
Posted From: 209.131.7.68
Posted on Monday, April 10, 2006 - 6:07 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Empiredude,

People like you are one of the main reasons Detroit has declined like it has for the last 50 years.

If you want to invest in something that will require no work on your part, Wall Street or your bank are for you. Development takes work, and hanging on to vacant land is only going to prevent the neighborhood you piss on from improving.

Now if you want to develope in Detroit, I'm sure you can find a number of individuals willing to help you.
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Spidergirl
Member
Username: Spidergirl

Post Number: 193
Registered: 12-2004
Posted From: 69.246.114.233
Posted on Monday, April 10, 2006 - 8:36 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

http://www.ci.detroit.mi.us/pl andevl/realestate/Sales2006/Bi dsalesMar2006.htm
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Kova
Member
Username: Kova

Post Number: 212
Registered: 12-2003
Posted From: 141.213.184.173
Posted on Monday, April 10, 2006 - 8:58 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Wait i thought wayne county was doing everything now? or what is the difference between that link and the stuff wayne county does for detroit?
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Motorcitymayor2026
Member
Username: Motorcitymayor2026

Post Number: 685
Registered: 10-2005
Posted From: 24.231.189.137
Posted on Monday, April 10, 2006 - 9:14 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

I believe it is because those are city owned lots
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Broken_main
Member
Username: Broken_main

Post Number: 1038
Registered: 06-2005
Posted From: 69.222.11.226
Posted on Monday, April 10, 2006 - 9:17 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Please leave Miss_cleo and stop bashing my city!!!
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Johnnny5
Member
Username: Johnnny5

Post Number: 203
Registered: 06-2005
Posted From: 71.227.95.4
Posted on Monday, April 10, 2006 - 9:25 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

"That's just what the city needs - more speculators holding onto land with no plans to develop anything on them. Pretty soon they turn into an overgrown trashy eyesore like every other speculator-owned lot in the city."

So you would rather have the city own the "lots" while they sit vacant and neglected without any tax revenue coming in? The city of Detroit is the number one offender when it comes to neglecting their property.
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Haydenth
Member
Username: Haydenth

Post Number: 23
Registered: 05-2005
Posted From: 68.74.30.209
Posted on Monday, April 10, 2006 - 9:38 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

The amount of tax revenue is pennies compared to the lost "opportunity cost" of preventing local businesses from moving in since most of these speculators won't sell unless you've got big cash on the table - and the land sits to rot.

A friend tried to open a bar on Woodward north of the old Mo-Town building (i'm not sure exactly which lot) but the speculator refused to even meet with them since they weren't a national chain.

It's these kind of lost opportunities that make this type of speculation bad for the city. The amount of tax money from a successful local business is enormous compared to the pennies from an out of state investor.
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Jsmyers
Member
Username: Jsmyers

Post Number: 1559
Registered: 12-2003
Posted From: 70.236.175.171
Posted on Monday, April 10, 2006 - 10:33 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Thank you Heydenth for beating me to the bunch.

One thing to add:

Many speculators are the first people to default on the taxes, or at least pay them as little and as late as possible in order to hang on to the property.
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Ventura67
Member
Username: Ventura67

Post Number: 23
Registered: 12-2003
Posted From: 69.245.93.12
Posted on Monday, April 10, 2006 - 10:44 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

The MCS has great potential for investment! If you can afford the millions to tear it down you'll have 27 acres in central Detroit!!! Or, just let it be demolished over time through neglect, like the current owner. You'd wait quite awhile but think of the huge returns!

Imagine all the cheap-looking condos you could put there!

I'd leave a cornerstone standing, or even part of the facade, to give the development some true character. Kinda like those silos they leave in those suburban subs made from cornfields.

LOL!!!

Look at what you could do!!!!!

Look!!
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Johnnny5
Member
Username: Johnnny5

Post Number: 204
Registered: 06-2005
Posted From: 71.227.95.4
Posted on Tuesday, April 11, 2006 - 1:22 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

^^^ I would agree if it was not for the fact that there is a enormous overabundance of vacant residential lots in Detroit. Valuable land downtown should be developed and shame on those who are slowing that development due to their greed; but most vacant residential lots are DECADES from being redeveloped and the city is losing 1000's of dollars in tax revenue and spending 1000's to maintain them. There's a big difference between greedy speculation and investing in an area where you see future growth.

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