Considering Warrendale

[Hamtragedy]

Warrendale as suffered immensely from the foreclosure crisis. This is an area where people invested in the 90's as home-ownership in Detroit became cheaper than rent, many whom have since lost those homes. And, unfortunately, slum landlords bought here as well, as some home-owners, seeing the proverbial "writing on the wall" split from their well kept homes while they could get the highest dollar possible. Enter the slum lords who haven't so much as cleaned these properties after 15 years of renter turn over. Consider also the tax cost on most of these rental properties is near 3K/yr, and turnover is high.

Enter the scrapping nightmare, and many houses that were viable have been sufficiently and effectively scrapped, even while being worked on. When neighbors aren't looking out for the properties next store, that's a bad sign.

I would proceed with caution.