Quote:
Originally Posted by dyna mo
in a nutshell: auto manufacturers destroyed Detroit economy. not politicians. and that's been and took longer than the last 30 years.
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It has nothing to do with the taxes being so high no one wants to own a home there? You can still buy homes there all day long for nothing but who would want it when you have to make a house note in taxes every month to the government..
I bought a investment house in Cincinnati which is not as bad off as Detroit. I've owned it 1.5 years and would have had it remodeled a year ago if it weren't for the city and the fees they want me to pay. I'm not even talking taxes which are high as well.. So instead of jumping through their hoops I've put my money elsewhere and the house sits in ruins..