Buffett On Detroit

[brker_guy]

 

http://www.freep.com/article/20131126/BUSINESS06/311260096/buffett-goldman-sachs-detroit

[ERICOPOLY]

Is that a Benz I see in Detroit?

 

http://money.cnn.com/2013/12/04/real_estate/chinese-homebuyers/index.html?iid=HP_LN

 

[DTEJD1997]

Anybody buying real estate who is not an absolute expert AND "on the ground" is going to lose a TON of money buying real estate in Detroit...

 

There have been several waves of foreigners who have already got wiped out...

[ERICOPOLY]

Anybody buying real estate who is not an absolute expert AND "on the ground" is going to lose a TON of money buying real estate in Detroit...

 

There have been several waves of foreigners who have already got wiped out...

 

No, the Chinese have a lot of expertise investing in ghost cities.  So they are the world's experts.  If anyone can succeed purchasing vacant property in Detroit, it's them.