realestate

Cryptocurrency Enters Detroit's Real Estate Market

Detroit tenants caught in crypto real estate experiment by speculators.

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.

Detroit real estate market adopts cryptocurrency as new payment option.