Quote:
Originally Posted by Sun Belt
Can you explain the "told you so" part of your post?
Are you saying No to just the bombed out neighborhoods of Detroit, or just No in general to the idea?
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I'm saying that if you go and try operating a decrepit portfolio of multi-story centenarian woodframe properties in a Northern climate from thousands of miles away, after a while you'll either 1) throw in the towel on that experiment or 2) grab the bull by the horns and move to where your portfolio is.
I'd say "hell yes" to ultra-cheap Detroit neighborhoods, if you intended to relocate there with all your Orange County capital to oversee everything yourself. (And if you're handy and wanted to do a lot yourself, then I'd be
even more certain of your near-assured medium-term success.)