Chinese Investors Snap Up Property in Bankrupt Detroit

Bankrupt Detroit’s thousands of empty buildings are being flogged at rock-bottom prices — and Chinese investors are answering the siren call of unbeatable deals, reports NBC News.

With family homes regularly selling for around $10,000, Detroit is now the number-four destination for Chinese housing investors in the U.S.

As I have said before, Detroit is for everyone, but for rugged pioneers, there is opportunity in the city.

Chinese interest picked up steam, according to NBC, after a Chinese TV report claimed that homes in Detroit could be bought for the price of a pair of shoes .... http://www.blacklistednews.com