51–60 of 71 posts
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My guess is that ubiquitous air conditioning made the south tolerable. Or it’s just a price thing. Lots of Canadians bought winter-homes in Florida and Arizona during the 08 crash.
My gut feeling is that the spending habits of people who can afford a second "winter" home don't really reflect those of the average consumer...
How's the real estate in Detroit? Is it too late to invest in good property for cheap?
The Midwest has a plethora of good opportunities for investors. It’s not overpriced like most of the coasts. Couple that with qualified opportunity zones and things will be heating up this year. Starting a fund soon with someone who has made millions in real estate within the Midwest. We intend to help others profit in these markets. Fund isn’t formed yet, we are not soliciting for investors yet. If you want more inf…
Downtown Detroit is kind of starting to seem like a Potemkin village. A lot of these “comeback” articles focus primarily on the development in a tiny portion of the city that honestly never declined that much to begin with, in comparison to everything else. Crime and poverty are still insanely high. The school system is a tragic disaster. The majority of the urban area is still abandoned and blighted. It’s really not…
I agree with you about the disfunctional public services. I disagree with you that downtown never really declined that much. Woodward was mostly boarded up 20 years ago. During the recession downtown was a ghost town. It didn’t get worse because there was no one there to make it worse. It wasn’t uncommon to go downtown and not see a single person on the streets. A revival has to start somewhere. Businesses and restau…
On the rare occasion you did see someone, would you at least wave hello to them?
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I don't necessarily disagree with your broader point but what makes you think Americans are less tolerant of winter than they once were? Cities like NYC and Boston/Cambridge seem to be doing just fine.
I think it's safe to assume most people don't prefer to live in places with freezing temperatures, risk of pipes bursting, salt corroding your vehicles, roads with potholes, etc. Only reason I can think of would be if the place had good skiing/snowboarding/snow activities, but you need decent mountains and snowfall for that. Edit: NYC/Boston are outliers that have other exceptional offerings, especially related to ec…
How is this "safe to assume"? Given the history of the world, and migration that is overwhelmingly to places that have seasonal freezing temperatures, this seems comically ill conceived.
I love winter, even though I don't partake of winter sports. I love cooler temperatures. It's a lot easier being comfortable when it's cold than when it's hot. The number of pests, diseases, and perils are just so far fewer.
I'm not going to say something as asinine as "people don't prefer to live in places without winters" because I know other people have different tastes, but an enormous number of us seem to rather like cold weather.
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I think it's safe to assume most people don't prefer to live in places with freezing temperatures, risk of pipes bursting, salt corroding your vehicles, roads with potholes, etc. Only reason I can think of would be if the place had good skiing/snowboarding/snow activities, but you need decent mountains and snowfall for that. Edit: NYC/Boston are outliers that have other exceptional offerings, especially related to ec…
>I think it's safe to assume most people don't prefer to live in places with freezing temperatures How is this "safe to assume"? Given the history of the world, and migration that is overwhelmingly to places that have seasonal freezing temperatures, this seems comically ill conceived. I love winter, even though I don't partake of winter sports. I love cooler temperatures. It's a lot easier being comfortable when it's…
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This is the essence of land in the Midwest. You do get what you pay for, there's no magic to it.
Equating a blighted Detroit to the entire midwest is a bit asinine. Finding no magic outside a coastal bubble might be indicitave of a deeper sentiment you are not airing.
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I work downtown but live in the burbs. I totally agree. Its a strange feeling when the entire business district (which is what is seen as evidence of the "comeback") feels just like a giant Quicken campus. I see far more private security than police.
The burbs sprang up around a city and economy 3-4x as large as it is today. Coupled with an overall shift in preferences towards urban living among millennials, it seems unlikely that there will ever again be a need for as much suburban housing around Detroit as there was in 1950. In other words, is it really reasonable to expect all of these areas to rebound?
"Detroit" is really collection of small towns packed into a fairly dense geographical area. The City of Detroit is relatively inconsequential without Royal Oak and Novi and Grosse Pointe and Bloomfield Hills and Warren and Pontiac etc.
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I wish you godspeed. I live in a 92% black, high tax neighborbood on Long Island, but at least the police answer the phone and crime is at reasonable levels!!
What does the but in this sentence mean?
There is nothing more sinister implied.
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The Midwest has a plethora of good opportunities for investors. It’s not overpriced like most of the coasts. Couple that with qualified opportunity zones and things will be heating up this year. Starting a fund soon with someone who has made millions in real estate within the Midwest. We intend to help others profit in these markets. Fund isn’t formed yet, we are not soliciting for investors yet. If you want more inf…
The kind of investing you are doin strikes me as immoral. Generates economic value for you while slowing the overall economy down. It’s the land version of human trafficking. You treat land like a prostitute.
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The kind of investing you are doin strikes me as immoral. Generates economic value for you while slowing the overall economy down. It’s the land version of human trafficking. You treat land like a prostitute.
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