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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.96-1.8%Nov 14 4:00 PM EST
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To: Maurice Winn who wrote (80241)9/24/2011 3:03:44 PM
From: Ilaine  Read Replies (1) of 217830
 
All I know about places like Detroit is what I read in the papers, more or less. One of those places that is well situated, geographically, for commerce, and has some excellent neighborhoods and some horrible ones, too. Horrible ones have no nearby employment, no good civic resources. Detroit is a typical US ring city, the outer ring is doing well, inside the ring, not. Typical of the Rust Belt. Inner city is a couple of centuries old. Some inner cities have been successful with urban renewal, gentrification, e.g. Philadelphia, New York City.

I do have one client who paid more than $100K for a house in inner city Detroit that is now worth less than $10K. But not zero.
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