So why do we think that Detroit, is a good place to invest right now, I think you have to look at how the high foreclosure/repossessions started. As the Global financial crisis started to take shape, it severely impacted the real estate market causing a drop in home values, largely because of a lack of financial regulation on lending. Among the areas hardest hit was Detroit, Michigan. Obviously this has led to many government programmes to stimulate growth in the hard hit areas, which turns the crisis into a profitable opportunity:
This is how the press has received these opportunities;