Remember the Main North Condo development in downtown Royal Oak I wrote about last month. The absolutely crazy Grand Opening with live Jazz band, great food and wine - well word from the street is that bunch of retired Detroit Lions have bought Condos in that development. I like the development but to break even - repeat just to break even on the mortgage payment plus the assoication dues plus the property taxes - I have to rent a one bedroom / one bathroom condo for $2200. That just seems a little teeny weeny high to me.
Your opinion might differ.
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