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.
Apr
4
How to survive the recession in Michigan
Posted by admin at 13:44 | Filed In Michigan | Add a Comment
When you take into consideration the bad mortgage problem in Michigan, plummeting interest rates and especially the outrageous Michigan prices, it almost feels like the world is just about to end. Many people in Michigan are hopeless and many are devastated by their current living situation. Michiganders giving up their homes and going bankrupt is most disturbing. You can buy a house in Michigan for a fraction of its price 5 years ago. It’s ridiculous! It’s a buyer’s market like never before but if you have to sell a house first, then you’re pretty much completely screwed.
As someone who lived in the war zone, I’m going to tell you that things are not so bad here. Let’s just hope that they do not get any worse. Although, in order to get through this recession, or if you want, depression, we do need to adjust and change the way we live.
There are five most basic needs to survive this - food, clean water, clothing, shelter and of course, the transportation. Read more
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