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http://www.cnn.com/2009/US/06/17/detroit.a...omes/index.html Houses is Detroit going for 100$. Check Craigslist, there are numerous houses going for 2000.00, quite a few for 15,000.00 or less. How hard would it be to get a few companies, say like a Schwab or a Discover to, hand in hand with some of these bailout bucks, open new call centers and take volunteers within the company to move? Job is already in hand, you wouldn't have enough volunteer so it would spur hiring a bit, land values start going up, etc. It just seems like it would not be that hard to do, especially if the the Government did not run the program, you let the businesses do it, being they have a stake in making it work. Also, you are giving employees the opportunity to damn near save Detroit from having to actually build Robocop.
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Read the fine print. Most have unpaid tax leans in the 1,000's of dollars and are so dilapidated that it would cost 20K + to fix up, if they could be fixed up at all. So let's say you get 30K into a place, that is probably worth 60K. Good investment property right? Well there is nobody there to rent it, so it would sit vacant, and get re-run down.Until Detroit's unemployment dips into single digits, this will continue.

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Read the fine print. Most have unpaid tax leans in the 1,000's of dollars and are so dilapidated that it would cost 20K + to fix up, if they could be fixed up at all. So let's say you get 30K into a place, that is probably worth 60K. Good investment property right? Well there is nobody there to rent it, so it would sit vacant, and get re-run down.Until Detroit's unemployment dips into single digits, this will continue.
my boy is wicked smaht.
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Some have unpaid tax liens- all now have a little sweetener where the gubment gives you 25,000 just for moving in. Yes. Detroit is bad. Yes, employment sucks- that's why you attack it all at once. Move in productive citizens, tax dollars roll in, hire a bunch of cops, put a beat-down on the riff- (locals) and clean house. I agree that these could not be rentals, that's why it's key that new blood moves in and the current failures GTFO.

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