Investing in the ‘D

UPDATE (7 FEB): Detroit’s mayor just announced a plan to help Detroit cops move back into the city (many left, for the same reasons so many others left). A part of the plan calls for fixing up abandoned homes in the Boston Edison neighborhood.


Need a unique, stunningly cheap place to live? Don’t mind long winters, crime, or utterly godawful schools? Then how about Detroit? For less than the cost of a tiny condo in other cities, you can afford a mansion amongst the finest homes in the city, surrounded by the former estates of the families that built the Motor City.

Don’t believe me? Click your way over to Historic Boston Edison and peruse the homes for sale – some for under $50K. I’ve been through 10-15 of these places (beware the crack addicts and copper pipe thieves, seriously) and they are equal parts sad and beautiful.

It’s a shame what’s happened to a once great city, but if you’ve ever wanted to own your own estate, albeit one in need of a lot of TLC, here’s your chance. Perfect for those who spend most of the year overseas, but still want an address in the States (and don’t mind paying for extra security while they’re not home …).

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