Topic: Crowdfund Homes in Detroit? - page 3. (Read 7305 times)

Lol. I can imagine something similar to The Wire.

A large Bitcoin holder buys up a bunch of homes.  Turns them in to stash houses, hires a gang of youngsters and gives them each burner phones as well as a bitcoin address.  The gang peddles drugs and hands over the loot to a cleaner who launders the money through bitcoin.  The gang gets payed weekly through their bitcoin address.

Sounds like a good cypherpunk book.

dude, write that shit up haha

If that's the only attitude you project then yes certainly, but look at the video here:

http://theurbanfarmingguys.com/about

You will see the guys moving in to invest in that neighborhood are not doing it without betterment of the neighborhood being their core mission. Making a profit isn't the only thing which might attract people to Detroit. Opportunity can mean different things. There are actually entrepreneurs already on the scene in Detroit. A couple articles:

http://www.fastcompany.com/3007840/creative-conversations/how-young-community-entrepreneurs-rebuilding-detroit

http://www.cnbc.com/id/100900219

I agree it's probably not for the fainthearted, though.

Lol. I can imagine something similar to [ur=lhttps://en.wikipedia.org/wiki/The_Wire]The Wire[/url].

A large Bitcoin holder buys up a bunch of homes.  Turns them in to stash houses, hires a gang of youngsters and gives them each burner phones as well as a bitcoin address.  The gang peddles drugs and hands over the loot to a cleaner who launders the money through bitcoin.  The gang gets payed weekly through their bitcoin address.

Sounds like a good cypherpunk book.

... Fix up your home, drive a nice car, and take pride in yourself? You are now a target.

Also, it's a relatively cold climate, and with an AC unit, a basement could be ideal for hosting miners.  E-Commerce can be done from a basement as well.

Both of these things would help the Bitcoin community.

3. governmental collapse - it's a good thing. The quicker they let the government of Detroit die completely, the better. There is already a private police force that has started up to good reviews. There is also a private bus system that is probably the best in the nation as far as service goes.

Yet in this case its deal, deal then DEAL!   You make it what you want it to be. If for some reason Detroit turns it around you ( us ) are sitting on a goldmind as Bitcoiner's. Just my 2 cents.

I thought most ppl here knew the golden rule of buying property. Location, then location, and finally location.

The second rule is buy quality for a good price. Not shit for cheap. There is a reason homes in detroit are cheap. It is due to the people who live there. No one wants neighbors that will take revenge on you and yours just because you try to better yourself. Fix up your home, drive a nice car, and take pride in yourself? You are now a target.

Detroit is not Boston in the 60s and 70s. That 5000 dollar home full of lead paint and abestos is there because the ppl in charge of detroit kicked the can down the road one too many times. Maybe in a generation or two the time will come for a rebound.

Luckily we have a Bitcoin arms dealer now! 

https://bitcointalksearch.org/topic/wts-firearms-federally-licensed-dealer-266556

We can take over Detroit

So we are all gunna die when we move into our new homes? lol

The crime rate right now in Detroit is completely insane.

Can it really be that bad?

they better pay me 5000 in taxes to live in detroit....

The infrastructure is very worn, but true that could be fixed more easily than building it all from scratch. It would be neat, but there are a few things that could break the project. First, we would need to create jobs so people could work and afford to live there. We would also need to repair the houses to liveable conditions. So while it may only cost $500 to buy a house, it would still cost many thousands to repair them. Then we would have to deal with crime. Those in areas that weren't improving would be targeting the area that is. I have a feeling the few police officers left in Detroit would be hanging around our section, because we would be the only ones paying taxes, but security would still be an issue. I suppose its doable, but we have to first figure out how to recoup our costs so we can continue expanding.

As for property taxes, I'm sure we could just talk to the mayor and perhaps find some business loophole that would lower the taxes for our project while we were getting everything set up. I would think they would be more interested in a reduced tax rate, rather than none at all.


edit* Also, did a bit of looking into it, rather than aiming at the $500 houses, I'd say aiming at the $10,000-$20,000 houses is a better plan. There are actually quite a few of them that don't look like they are in ghettos.