Real estate blog entries tagged with section 8 by Maximilian Richman (The Credit Store)

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Home : Blogs : Maximilian Richman : Maximilian Richman's Blog : Tag "section 8"

section 8: Detroit Michigan; The best and worst place to invest in real estate. - 05/27/09 11:50 PM

Detroit, Mi hate it or love it. Its heavily segregated, a vast majority of the residents have poor credit, the city is plagued with crime, the local government is too corrupt, the school system needs improvement, blight has invaded neighborhoods, and etc. I could go on and on, but the city is still highly profitable for real estate investors. By my estimates 70% of the cities residents prefer to rent oppose to owning. I have met landlords who have told me tenants have paid off their mortgages from living in their properties so long. Detroit does have several nicer areas to … (5 comments)

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Maximilian Richman

Detroit, MI

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