I am thinking of moving into the City of Detroit, but, the city seems to be going through some very strange changes. More higher priced homes are being created in the downtown area, more people of different races are moving to Detroit, and the cost of living in Detroit is rising. It seems that 5 years ago, a person could find a nice brick house with a garage in a decent neighborhood in Detroit for about $85,000.00 to $105,000.00 but now -- the price of a comparable home is anywhere from $120,000.00 to $140,000.00. I could spend this much on a house in the suburban area, say Royal Oak or Troy. Yes I would be further away from the city, but, I would not experience as much crime. The crime rate in Detroit is high and so is the cost of insurance. What do you think? Are there any other cities you could recommend that are not too far away from Detroit?
2006-11-01
07:18:23
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4 answers
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asked by
Ms. Wizard
2
in
Business & Finance
➔ Renting & Real Estate