But the biggest reason I haven't done it is the city government. The above reasons not to invest in Detroit are clear - taxes, unknown assessments, liability. Allowing some of the land to go fallow or zoned agricultural or a long property tax holiday would help tremendously. The most expensive thing about living in Detroit are the taxes and the regulation if you can live through the crime.
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Rockefeller didn't listen to his wife :)
Yeah, I ain't Rockefeller.
But the biggest reason I haven't done it is the city government. The above reasons not to invest in Detroit are clear - taxes, unknown assessments, liability. Allowing some of the land to go fallow or zoned agricultural or a long property tax holiday would help tremendously. The most expensive thing about living in Detroit are the taxes and the regulation if you can live through the crime.