"Eighty-eight percent of the homes sold in Detroit last year were purchased by investors, according to Attom Data Solutions, up from 35 percent in 2010."
Is Detroit just being set up for another crash? The article is concerning as it mentions not only a vastly oversized portion of properties in Detroit being purchased by investors, but also the unusual "flipping" of those rentals. Are these local investors worried about holding the bag when the music stops?
https://www.bloomberg.com/amp/news/a...t-belt-rentals
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July-26-17, 06:50 AM #1
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Investors purchased nearly 9/10 Homes in Detroit last year. Reason to worry?
Last edited by Johnnny5; July-26-17 at 08:42 AM.
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