Quote Originally Posted by Wesley Mouch View Post
Great move. Congrats to you.

The 'average joe' still has lots of great options out there right now. Its even very good for the 'way-below average joe' too. Even the 'nearly-broke' joe.

Detroit has accomplished something that's very valuable -- affordable housing.

The current housing depression is a very real opportunity for many people without wealth to get into the real estate market and a great time. When Detroit rebounds... and it will... there will be some real wealth created.
Like my friend says, "With $500 houses in Detroit there is no reason for anyone to be homeless." [[of course this is arguable) At least for Wayne County, the tax auction is a very easy way of obtaining a home. All online, and the County just mails you the deed one month after auction.

Dealing with realtors and the home buying process can be a real hassle. I've seen most homes now on the market go "highest and best" offer, many are short sales, and many banks take their time and don't do things the way they should be done. Buying a house is way more complicated than it should be. The tax auction gives an easy alternative!