http://michiganradio.org en http://michiganradio.org/post/report-how-land-speculators-detroit-make-buck <p><em>"If you walked up to him on the street, you wouldn't know that he was a land baron. He's a guy in blue jeans walking around looking like he's working on somebody's building."</em></p><p>- Detroit city attorney Avery Williams talking about Detroit land speculator Michael Kelly.</p><p>Christine MacDonald of the <a href="http://detroitnews.com/article/20110203/METRO01/102030395/Private-landowners-complicate-reshaping-of-Detroit">Detroit News</a> has a story on how land speculators make money in the city of Detroit.</p><p>MacDonald profiles one of the more prolific speculators, Michael Kelly.</p><p>The business model for a successful land speculator in Detroit is simple - buy a lot of land for a little money, then sit on the property until it sells for more than you paid for it. Thu, 03 Feb 2011 20:34:43 +0000 Mark Brush 1156 at http://michiganradio.org Report: How land speculators in Detroit make a buck