3 ms·
Can one buy multiple properties, combine them, and build a subdivision or apartment community with more modern designs and materials? I mean, if Detroit wants
by nitrogen 7y ago
Can one buy multiple properties, combine them, and build a subdivision or apartment community with more modern designs and materials?
I mean, if Detroit wants to save Detroit, seems like that would be better than letting houses rot.
- bilbo0s 7y agoWho would you sell these homes to? It's one thing to renovate one home in squatter and abandoned zones for yourself. Another thing entirely to bank on entire subdivisions of people wanting to move into such an area. Who's going to buy the home you build next to the squatters? And keep in mind, if no one buys and moves in, you're still liable for upkeep on each and every one of the lots. For as long as it takes to sell. Which may never actually happen.
- nitrogen 7y agoIf you have enough consolidated land, rezoned, you can build a community with commercial, retail, and residential integrated. I'm imagining enough that squatted buildings are on opposite sides of the street from the new development and/or there can be a buffer.