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: John Vosilla who wrote (279772)	9/29/2010 11:18:04 PM
From: tejek	Read Replies (1) of 306849

I would like to get to Detroit and see it first hand. Most telling how bad it is to hear the stories of so many blacks raised in the area that had been successful and recently tried to come back into the community have also given up and gone back to the burbs, Chicago ect... More than likely you need an immigrant class to come into the area and take a chance along with new engines of growth in domestic automotive production and r&d. The city probably might have had zero chance of being saved if not for the automotive bailout. Oddly it might be the place for many recent waves of Carribean immigrants to Miami and NYC to succeed.. Anything is possible just look at Chicago... I wouldn't discount artists. They have turned around many a neighborhood. In fact, some great and expensive neighborhoods like Soho and the East Village in NYC were once not such great places to live until artists moved in and began fixing up the bldgs. Of course, Detroit is a much larger canvas and artists can not do it alone but Detroit has producted a wealth of successful musicians like Eminem and Motown artists. Gordy Berry has a house there. If people like them stepped up and provided seed money for projects, that could really move things along. In any case, it took decades for Detroit to run down. It will take more decades to recover if that's even going to happen. Nonetheless, I liked what I saw....the guy who was building a large kitchen to supply his growing barbeque business, the artist incubator spaces, the people who are improving the entry way to the train station hoping that developers eventually will be willing to rehab the building, the people who urged the bar owner to open his bar at nite and then came through with their patronage. They may seem like small things but that's how neighborhoods revive. I know....I've done it.

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