Times are changing in neighborhoods …
Michigan Foreclosure Articles October 15th, 2005All things put aside, family time seemed to very light this summer. We moved our Real Estate business from the city of Detroit to Port Huron. Uniting with old friends and meeting new ones. Starting new farm reports, interviewing contractors and playing the field of real estate investments.
Since that time, we have concentrated on Junkers that we fix and flip, pretty houses for lease option or rent to own and rounding out with construction on upper end houses in appreciating markets.
We found a wide variety of foreclosed in Port Huron - Marysville area. Michigan Foreclosures are on a rise and you can see why. This is not a surprise considering Dephi just filed bankruptcy, Billion Dollars, the union is threatens to walk, Dephi wants a pay cut by 50%. I was raised in a union family and see more trouble ahead. All this will fall back onto GM. Can GM withstand the pressure or will she break.
Couple of items might happen, Toyota will be knocking on the GM door to say I’m here to buy you and the GM brass won’t even see it coming. What would happen if Toyota buys GM. They certainly have the cash, pay off their debt maybe put workers back to work.
Companies like Dephi & GM will be changed forever. The most interesting piece about this thought will be Toyota, they have it in their plans to be the largest automotive company in the world by 2030 or 2035.
We personally saw a change in the DaimlerChrysler AG when they bought Chrysler. We thought Chrysler was going to buy DaimlerBenz at the time but it was the other way. Today, DCX for short has really shown the merger to be a good thing since they have one of the nices car lines in the industry with new models for 2006 & 2007.
What does this have to do with Real Estate, Michigan Foreclosures, Port Huron Foreclosures, simple, we the Investor community can have the opportunity to buy houses at larger discounts. This will allow for new cash flows into our local communities stimulating those economies. We will be able to hire more crews, buy materials, brighten up the areas with hope.
So, start to learn about real estate investing, the different methods, get your credit score higher, stop spending on little things you can put off and plan to help your neighbors and friends beside your self by buying those foreclosures and putting back into your economy today and tomorrow.
Michigan is our home, its a great state, we just have to take it back before someone else does! Its ok to embrace change, its ok to take that step forward with unknown or uncertainty, its ok to go where the others are not. I was taught this “Go in the opposite direction of everyone else”.
This has been a special note from my dear husband.
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