Detroit: Why Don't We Own This?

http://whydontweownthis.com/#14/42.3819/-83.1232

by shawndumas • 13 years ago

26 8 13 years ago

When the map covers the entire width of the screen, it is impossible to scroll past it on a mobile phone.

aymeric• 13 years ago

I don't understand the purpose of the website related to the domain name. Could someone tell me the link between the two, I am genuinely missing it?

martswite• 13 years ago

At first I thought it was a site encouraging people to buy up foreclosed homes on the cheap. I don't think it was just you confused by the slightly misleading domain name.

However if there is a logical connection between content and domain, I'd also like to know it.

beloch• 13 years ago

What amazes me the most is how insanely cheap these homes are assessed to be. I don't own a home in my own city, but I could buy one of these out of my pocket for less than I paid for my car! The only glitches are that I neither want to work or vacation in Detroit and I don't imagine property values are going to increase there any time soon!

The time is ripe for another 60's hippie commune movement. Instead of squatting in the country-side they could sell their VW vans and buy mansions in Detroit!

derleth• 13 years ago

As I understand it, the buyer is responsible for all back taxes, liens, assessments against the property in general, and the cost of either bringing the buildings up to code or having them torn down in a safe and code-compliant fashion.

If that sounds expensive, you've probably missed a few expenses along the way.

rorrr2• 13 years ago

The cost of the ownership is the dealbreaker here. Otherwise I'd buy a whole block and turn it into the best paintball/airsoft arena ever.

dsschnau• 13 years ago

Working as a developer in Detroit isn't actually a bad gig noawadays. There are lots (LOTS) of tech jobs there and they can't get enough devs to fill in all the spots.

Someone• 13 years ago

If you google, there are quite a few companies trying to sell the idea that now is the time for property investment in Detroit. Prices are incredibly low, there are quite a few people whose credit rating will not allow them to buy for a few years, and rent prices apparently haven't gone down.

Are they right? In general, I doubt it, but there almost certainly must be neighborhoods that will turn into nice small suburbs surrounded by nature that formerly was part of a larger suburb. Which ones is anybody's guess/a matter of expertise of property investors.

Detroit: Why Don't We Own This?

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