A few years ago i told you that Detroit was a steal. You could have purchased houses for $1000. Everyone wrote it off but i know better. Experience has told me that things come back. I knew the auto industry would come back. The govt would not let it fail. There used to be a saying that said, “AS General Motors goes, so goes the nation”.
So now the auto industry is buzzing and will continue to improve without all the ridiculous union demands. Those who bought early have more than gotten back their original investment. This is not for out of state, in your pj investing. You have to have boots on the ground that you can trust.
It’s still probably a good buy.
