NY Times story on Detroit Downtown
One more story on Downtown Detroit revival - this time in NY Times. You can read it for free, requires registration but no fees.
Rents up to $2,000 per month for downtown condos! Folks, we are in a hot market which is just getting started. If you are in Michigan and not checking this city out - well let me give you a hint - I get lots of emails from folks from other States - California for instance - who want to do deals in Detroit.
This is hot - about to get hotter in the next 24 months. I just bought a three bedroom in a very nice area in Detroit for $40,000, reapirs less than $10,000 - after repair value is $88,000 - $95,000.
