The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: jrhana who wrote (24077)	9/23/2004 3:00:10 PM
From: TH	Read Replies (1) of 306849

jrhana, Your statement about the auto industry going down the tubes is true, but that is not why the city has declined. There are very nice places to live right across the "line". The majority of investment takes place in the vast suburbs. Chrysler leaving an inner city area called Highland Park was the coup de grace. GM has reinvested in the very small epicenter, but as stated in an previous post, this is just illusion. Riots, safety, drugs, a major named COLEMAN YOUNG, and a host of other factors made the city proper a rather unattractive place. Detroit is the first casualty of the industrial revolution and nothing will ever save it. Good Trading TH

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