Large swaths of Detroit aren’t that great. That’s probably true of any major city, but Detroit is 143 square miles. Manhattan is 23. Thar creates a lot of opportunity to be in a not-so-great part of a city whose population is roughly a third of what it was 70 years ago. The city runs a land bank you can buy decapitated houses from for $1k. Even on the retail market, large swaths of the city are very cheap.
All that said, Detroit might finally be turning around. The city experienced its first year of population growth in forever last year and more and more people I interact with are either visiting the city and spending money there or are actively considering moving there. There are also a lot of Detroit run small businesses popping up and the region has a strong “buy local” vibe to it.
/Someone who lives nearby and would love to see the city succeed.
Large swaths of Detroit aren’t that great. That’s probably true of any major city, but Detroit is 143 square miles. Manhattan is 23. Thar creates a lot of opportunity to be in a not-so-great part of a city whose population is roughly a third of what it was 70 years ago. The city runs a land bank you can buy decapitated houses from for $1k. Even on the retail market, large swaths of the city are very cheap.
All that said, Detroit might finally be turning around. The city experienced its first year of population growth in forever last year and more and more people I interact with are either visiting the city and spending money there or are actively considering moving there. There are also a lot of Detroit run small businesses popping up and the region has a strong “buy local” vibe to it.
/Someone who lives nearby and would love to see the city succeed.
Damn, are there a lot of houses that had their heads cut off?