Readers of this blog have been keeping track of prices in Detroit all along. That's particularly because of our philosophy that Detroit is a great place to buy a house if you can buy the right one in the right neighborhood. That's why you need to know the neighborhood. Sometimes crossing the street can make a difference in prices.
Investors from out of state are vulnerable to being taken advantage of. The news story includes one such person, who bought a house and used a property management company, but did not make any money. As she observed, it is hard to make money on Detroit from afar.