Quote:
Originally Posted by suburbanite
Wow, I'd never explored Bagley before but that is a massive collection of solid pre-war housing stock. How are they so consistently well-maintained when they go for $150,000 on zillow? Apart from the wider streets and more sparse tree cover, they remind me of houses you'd see here in Forest Hill that would easily go for $2 million+.
|
Most of them are probably owner occupied. When a Detroit neighborhood has a high percentage of renters, it typically signals that the neighborhood is going into decline.
But these are just suburban neighborhoods at a discount, or stepping stones to the suburbs. The real energy in Detroit over the next decade is going to be seen in rebuilding the multi-family neighborhoods in the core.