When I first landed in the Former Soviet Union in 1992, the average wage was probably about $20 a month and investment was a new concept. Early “business men” were thought of as thugs, and the notion of capitalism was still very foreign. In fact, as a Peace Corps Business Advisor, I was there to help capitalism find it’s footing. Fast forward to 2008. I am back in the US with my “Ultimate Souvenir” from 8 years in Ukraine (a.ka. Dmitry). It seems that the residents of the Baltic States and the Former Soviet Union caught on quickly.
Head on over to continue reading about Eastern European real estate investment in Metro Detroit.
Posted Tuesday Mar 11
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This seems to be becoming a trend in many parts of the country. Foreign investors are not hesitating to take advantage to buy in this current market.
I agree Derrick. This is the first I have seen of it in my market though. And our market has been harder hit than many other areas, so this is great news for us.
Being so close to the Candian border.I am starting to get calls for Canadian investors.