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Old General Motors Plant to Become Car Condos
Posted: Tue Jun 30, 2015 9:00 am
by ozbilt
The headline screams ......
"Old General Motors Plant to Become Multi-Million Dollar Car Condos"
http://news.boldride.com/2015/06/m1-con ... oit/83074/
It will take some money in a really run down (think bankrupt) town. Hope it works, but I could think of a hundred better cities in the USA where it would work better ......
Re: Old General Motors Plant to Become Car Condos
Posted: Tue Jun 30, 2015 9:46 am
by boofhead
Interesting. Last time I looked 100K gets a nice house in Detroit. Not so sure it is in a nice area though. Good luck to them.
Re: Old General Motors Plant to Become Car Condos
Posted: Tue Jun 30, 2015 9:54 am
by StephenSLR
ozbilt wrote:I could think of a hundred better cities in the USA where it would work better ......
True but I hear Detroit wants to get out of the rut it's in and draw people as well as industry back to the place.
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Re: Old General Motors Plant to Become Car Condos
Posted: Tue Jun 30, 2015 4:02 pm
by ozbilt
boofhead wrote:Interesting. Last time I looked 100K gets a nice house in Detroit. Not so sure it is in a nice area though. Good luck to them.
You could by the whole street for that money. I know of a guy that bought 2 houses in Detroit for US$40k.
The city has been bulldozing abandoned homes for many years now, so it is possible to go into a street & see one or two houses still standing.
Re: Old General Motors Plant to Become Car Condos
Posted: Tue Jun 30, 2015 10:08 pm
by nassi
ozbilt wrote:boofhead wrote:Interesting. Last time I looked 100K gets a nice house in Detroit. Not so sure it is in a nice area though. Good luck to them.
You could by the whole street for that money. I know of a guy that bought 2 houses in Detroit for US$40k.
The city has been bulldozing abandoned homes for many years now, so it is possible to go into a street & see one or two houses still standing.
That is so sad.