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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who started this subject9/23/2004 11:31:54 AM
From: Don GreenRead Replies (3) of 306849
 
Thanks to all here that provided their insight about Detroit's Real Estate market. Being so far away for so long I found the comments very interesting. As stated earlier I have lived and traveled to many great cities in the U.S. and overseas and just can't understand why Detroit more than most others has never been able to rebuild itself. The white flight which took place in the late 60's and 70's never seem to reverse itself. The once great neighborhood environment in many areas of Detroit never returned.

Cities like Seattle, Boston, NYC, San Francisco, Baltimore even Cleveland seem to either maintain or even improve their quality of life but Detroit didn't? I imagine there are are other major cities that have failed but I don't think any which had such a great history has fallen so far so fast and just can't get up.

Pretty sad for someone who has so many great memories from their childhood in 50's-60's Detroit.
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