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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: jrhana who wrote (24077)	9/23/2004 3:00:10 PM
From: TH	Read Replies (1) \| Respond to 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

To: jrhana who wrote (24077)	9/23/2004 4:35:19 PM
From: David Jones	Respond to of 306849

Seems Detroit has little going for it. city-data.com snip> Detroit compared to Michigan state average: Median house value below state average. Unemployed percentage above state average. Black race population percentage significantly above state average. Hispanic race population percentage above state average. Median age below state average. Foreign-born population percentage significantly above state average. House age above state average. Percentage of population with a bachelor's degree or higher significantly below state average. Population density above state average for cities. snip> 402 murders (41.8 per 100,000) 708 rapes (73.6 per 100,000) 6,288 robberies (653.6 per 100,000) 12,542 assaults (1303.8 per 100,000) 14,399 burglaries (1496.8 per 100,000) 26,839 larceny counts (2790.0 per 100,000) 23,857 auto thefts (2480.0 per 100,000) City-data.com crime index = 953.5 (higher means more crime, US average = 330.6)