Detroit Property Advice

Discussion in 'General Chat' started by alstar70, Mar 18, 2009.

  1. #1
    No doubt you've all seen the media hype of cheap Detroit property as a result of the current collapse in America and the likely bankruptcy of GM, etc, spelling another death knell for Detroit's primary industry.

    That said I have some questions particularly for anyone living in Detroit who can give an honest opinion.

    What is the crime rate in these $10,000 dwelling suburbs?
    Do they rent out?
    Are people leaving Detroit in droves hunting jobs elsewhere?
    What is the city like?
    Would you rent a house knowing it was owned by a foreign investor?
    What's the current unemployment rate?
     
    alstar70, Mar 18, 2009 IP