I
n the shadows of Detroit's revitalization, a new player has emerged: cryptocurrency. The city's decision to accept crypto payments sparked a frenzy, but beneath the hype lies a more sinister reality. President Trump and Melania's foray into crypto coins only added fuel to the fire.
For many, investing in crypto is a speculative game, where hype drives value. But this gamble comes with real-world consequences, particularly in Detroit's real estate market. Outlier Media uncovered a shocking trend: tenants are being used as pawns in a high-stakes game of cryptocurrency speculation.
At the center of this chaos is RealT, a platform claiming to offer "fractional ownership" to overseas investors. But what does that really mean? In essence, it's a way for wealthy investors to buy shares of Detroit rentals without ever setting foot in the city. The result: thousands of blight tickets and unpaid taxes on hundreds of properties.
Tenants are caught in the crossfire, unaware they're part of a crypto scheme. Repairs have been neglected for months or even years, leaving homes in disarray. If you're a tenant with New Detroit PM LLC as your property manager, chances are RealT has sold shares of your home without your knowledge.
We want to hear from you: if you're affected by this real estate scheme, email [email protected] or call 313-403-7221.
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