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Alex Alsup

Entries by Alex Alsup

Some Billionaire's Folly: Is Detroit an Incredible Investment Opportunity?

(5) Comments | Posted June 3, 2013 | 2:09 PM

Detroit is suffocated by $15.6 billion in long-term debt, crumbling infrastructure, no city services, crippling poverty, struggling schools ... the hackneyed metaphors go on. Most say Detroit is done for, finished, an infected cyst on the palm of Michigan. But I just can't reconcile that attitude with what...

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The Hantz Woodlands Deal from the Perspective of a Foreclosure Auction Junkie

(2) Comments | Posted January 10, 2013 | 3:42 PM

The landscape of foreclosed and municipally owned Detroit real estate kind of resembles a volcano. Most of the year, everything is rock solid and unmoving; the city seems to behave as though its land isn't worth much -- unless you'd like to buy some, in which case it's quite valuable.

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