I had 3 crews doing Detroit rehabs 7 days a week for the last two years. I just recently reduced to 2 crews 5 days a week. The average purchase price for a house in the city has been $7,000.00 we typically drop another $12,000 into the rehab. Yes we can buy houses for a $1.00 but those are complete demos typically. My clients have waiting lists for the rental of these houses.
As far as safety goes everyone that can legally carry a gun on the crew does carry one. The other thing I have found to be helpful is to make friends with the neighbors. If they know you are there to better the neighborhood they will look out for you.
I have more theft and Job site vandalism happen in the suburbs then in the "ghetto". We work in some of the worst neighborhoods in the city.
The best example of a an area completely deserted is the old Packard plant in Detroit. It has been in the news a lot because it was just sold. It is several square miles and is surrounded by a true wasteland. It has bend used for many things including movies and murders.
I did. The documentary seemed to indicate that there isn't a solution to Detroit's problems. It's a situation, and people are pretty much on their own about how they cope with it. Eventually it will settle into a new steady state.
Bill Pulte's grandson has put together an outfit - that with Lansing's help - may be able to reclaim whole blocks - with the necessary feeling of safety and quick access to downtown workplaces.
Detroit isn't going to close up shop - too much of our infrastructure, all the way to mid-Michigan, depends on Detroit's existing services, like sewer, water, power. In the immediate short term, what has happened, is its caused new builds not to happen up in my neck of the woods like in the old days, but straight out towards Ann Arbor.
Hell, yet today I can take you to burned out buildings still standing from the riots of 1967 - that is how bad the corruption was.
You can already see a huge acceleration in the city transferring ownership and forcing/allowing demo of blight to make it favorable for new builds and rehab.
The right people are on board with Bill and guys like Dan Gilbert and Scott Romney know how to make things happen - once the unmentionable obstacles are removed or behind bars.
You think Detroit is bad, Flint MI. Is a real hell hole.
Detroit always was what it is after the riots.
Purchased a block(18 houses) this summer there around 6 and VanDyke, some beautiful masonry there
I had a client call me up one day and say they stole my power line. This client owns a flower wholesale company. The power line was3-75ft pure 00 gauge copper wire. The kicker to this call was it was hot and carrying 800amps. They stole it while it was live. This was in Flint. Flint died when the auto industry left the city. Flint needs to be turned into a big farm field.
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