I love how people in here think they know what is going on in Detroit strictly by reading something on the internet. I was just in Detroit yesterday, right around the area of this home and there are many other reasons why this house might not be looked at. Yes, there are areas in EVERY city that you would not want to buy and settle a family. To be honest, in the article it says it was the nicest home on the block when it was bought for 65,000.....what.....are you serious??? If that was the nicest then of course it was already crap and the other homes are as worthless as this one. Who would want to buy this home when everyone around you is worse, you lose money as soon as you sign.
Anyhow, there is a ton of new construction going on in downtown Detroit (commercial construction, infrastructure) it took forever to get where we needed to go and downtown may be trash but all the areas around the downtown are very high end communities. This house is a rare example and I am sure you could find houses like this in all large cities. Yes, Michigan has been hit hard, unemployment is the highest here but you can thank our Democratic leadership for the situation we are in. If you want to see what will happen if Obama becomes president, look no further than Michigan. Our leadership is all Dems and they have driven us into a nice hole because they need money and "tax and spend" is their solution as always. The Michigan leadership here is horrendous.
