Apr
6
50,000 Foreclosures in Michigan
Posted by admin at 23:15 | Filed In Michigan, The US | Add a Comment
I hate to be a downer and repeating myself, but I stumbled across another one of those “Foreclosure Websites” with the local listings. They have a US map displayed and naturally I clicked on Michigan. Instead of my explaining what happened next, see for yourselves by clicking on the image below: 
On the other hand, if you’re interested in buying some of these foreclosed homes, check out my previous post about buying a house by a bus in Detroit.
Apr
6
Buying a house by bus (in Michigan too)
Posted by admin at 17:39 | Filed In Michigan | Add a Comment
I just saw a news story on FOX2 Detroit about organized bus tours going through Detroit filled with people interested in buying a house (or several houses) that are foreclosed. Have you ever thought that you’d be buying a house by bus.
Some of these people are interested in buying multiple houses and renting them out. One guy was talking about getting 10 houses for the price of 1 and renting them for $1000/mo. Now, I’m sure that the realtors involved in this craze told them that it’s possible to rent houses out for that much money. Come on..seriously, why would anyone want to do that? Why rent when you can buy?
The only thing that may go in their favor is if in 5-10 years things turn around dramatically in Detroit and they’re able to turn over these houses for insane amounts of profits. I’m all for that, but for someone who lives in Detroit, I don’t think that way.
What do you think, are these people investing in something that will pay off 5-10 years from now?
Apr
4
Ford employee won’t buy a Ford
Posted by admin at 13:46 | Filed In Michigan | 2 Comments
So we’re not all fortunate or lucky enough to win a $135 Million jackpot on Mega Millions, but Dave Sneath of Livonia, Michigan was. Dave is taking home around $60 Million after taxes and in a lump sum. Lucky people like Dave won’t have to worry about the trouble this country, especially the state of Michigan is in right now. I wish Dave all the best in life, after all, he deserved it after slaving his life away at Ford for decades. Oh yes, and this lottery winner will not be buying a Ford product again, he says. Good luck Dave!
For those of us who are not as lucky as Dave, we’ll have to stick to other ways in order to survive the recession in Michigan.
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