There's a lot of cheap real estate there. We all know why.

Opportunity abounds for the timely investor if the city ever booms again. Lot of risk though.

Anything good in Detroit has already passed through investors at least once. What you're left with will cost more to salvage than you can ever get out of it. If you know Detroit well you can still make money. If you're wanting it to be passive, you're going to have a bad time.

Detroit also has pretty high property taxes as well. A few years back I looked at a few properties at a tax sale, the back taxes owed where shocking. At the time there was also issues with the valuation at the tax office. For example a crack house was valued as if it was still a well maintained family home in a nice neighborhood. This was a widespread issue and I have no idea if it has ever been fixed.

https://www.cnbc.com/2024/01/09/home-prices-surge-detroit-gains-beat-miami.html

Seeing this article reminded me of this thread.

Depends on when they start voting R...