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someone tell me why i shouldn't buy a lot in detroit for $325
i see no possible downsides of this, it's like buying Detroitcoin and hoping for a Bidenmoon when he pours ninety trillion dollars into HUD to Make America Great Still or Build Back Butter or whatever
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@willynilly it's $325 i wasted more on silver coins last month
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Whats your expected return time for The investment. Might be stuck for 8 years
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@Drive_By_Comment Some of the cheapest lots are sold by the Detroit Land Bank Association that requires a plan for development, but many do not.
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But do those lots have like "Must build in 5 years" clause.
Because those are pretty normal around here. Town sells lots for 1 euro, but you must build home in certain time or deal is off.
Yeah that must be it. Otherwise people would indeed buy them off just as sure investment.