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

To: Don Green who wrote (24087)	9/23/2004 4:11:07 PM
From: TH	Respond to of 306849

Don, Interesting idea for the "positive" use of Arab monies. I think such an idea would work in a given area. As for the expanse of Detroit, no, this would not work. The brother of one of my friends is a Dearborn officer (oh, the great stories I have heard, and I know all the fronts for the drug dealers, think florist and dry cleaners). After the increase in middle eastern people, theft and robbery rates in East Dearborn went down. What went up? Domestic abuse. You idea for Detroit makes sense on paper. I think an afternoon here would change your mind. There is none of the appeal of NYC, nor Chicago. And, after you reinvent Detroit, where do the people that are still there now go? As for the money in our city, its old from cars, or new from pizza, and everything in between. Oakland, the county that I live in, is in the top 20 per capita in the country. Some say its near the top if you adjust cost of living, but that is beside the point. The money is there, but they really don't want to spend it on new housing inside 8 Mile Road. Please note, this is my rather jaded opinion. There are many believers inside the city that would support your ideas....until checkbook time arrived. GT TH