Another interesting article on Detroit housing.
I don't actually think that foreign and out-out-of town investment is such a great thing. External investors tend not to care much for their properties, particularly as landlords. There's no real relationship with the tenants, which pretty much means it's just about money for the landlords and end up just being a miserable relationship for the people in the house. Not that I actually know anything about this subject. That's all kind of conjecture based on a very small sample size and a basic understanding of human nature.