Quote Originally Posted by DetroitDad View Post
Many of those lofts, from what I have seen, have not survived the test of time. They are essentially falling apart thanks to corner cutting and poor craftsmanship.

I can not and will not mention names [[if you know me, you have a good idea of what prominent places I am talking about), but those $399,000 Midtown and Downtown condos now selling in the five digits are still no deal. That is all not to mention, or taking into account that prices for some of them are facing the very real possibility of plummeting another 5%-30%.

And yes, I am still a huge Detroit supporter, and believe she is "coming back". But, those projects were "flip rich quick" scams, and the people that think they are getting them for deals are still, in some cases, fools. Be very careful with all Metro Detroit real estate right now!
You aren't the first one that I have heard this from. A cousin of mine has a loft downtown and it was cheaply finished with sub-paar and sometimes average craftsmanship at best.