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I've thought about the idea of establishing a micro community in Detroit. Buy up cheap adjacent houses and lots and get entrepreneurs interested in a combinatio
by goda90 11y ago
I've thought about the idea of establishing a micro community in Detroit. Buy up cheap adjacent houses and lots and get entrepreneurs interested in a combination of tech business(to draw outside money) and local service businesses(restaurants, stores, etc to service the community members and attract more people) to move in. The biggest investment would be establishing good security, utilities and internet.
- Apocryphon 11y agoI wonder what goes to an ecosystem first, talent or funding. For the latter, one approach should be to get the auto giants interested. GM, Ford, etc. are already investing in both automated vehicles and ride-sharing, they want a piece of that action too. If cars are the next big product space to be disrupted by tech, Detroit has potential for that. Also get Eminem involved, if he hasn't diversified in being a celebrity VC yet. For the former, maybe appeal to disgruntled devs who are getting priced out of the Bay?
- grizzles 11y agoI'm interested in this, maybe as an investor too. I like the idea of ways to enhance the 'buy and hold cheap houses' investment concept. I also have one or two ideas on how to do that. Send me a message if you go ahead with it. My email is in my profile.
- home_boi 11y agoThe thing about Detroit houses is that they sell for much lower than they are assessed for, so buyers would be paying taxes that are very high compared to the selling price.