I don't know about the Detroit housing market specifically, but if you buy a place and do x amount of renovating and investments, the resale price definitely grows by that same amount + a percentage because the new owner doesn't need to invest the same energy into it anymore. Maybe Detroit is some weird anomaly but anywhere else in the world, that definitely is now a 100k+ condo. Like was said above, houses and cars are not remotely the same (i.e. houses being appreciative and cars being just about the most depreciative asset around)
Yes, well, that's what the process of gentrifying is. You have a poor section of town with affordable housing, people with above average money compared to the neighbourhood move in because it's so cheap. The remainder of their money goes to renovating and remodeling, raising the price of the house or condo, the neighbourhood slowly becomes more upscale until it's a new fancy part of town.
There's nothing inherently wrong with this process and I'm not blaming this influencer for doing so. But it's weird that it's being celebrated here.
