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

To: CalculatedRisk who wrote (60208)	8/18/2006 2:13:54 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 306849

I suspect very few posters took offense to your comment. As I read your post I thought of just how true it is. There are a lot of very well built large homes in Detroit, many near 100 years old. When new they were surely very elegant and nice. If you look closely it is obvious even though they are now run down and poorly cared for. The dirt poor have moved in for the very reason that it's dirt cheap and the houses are well constructed. The city has been trying to condemn many of the worst ones and tears them down when they can. I pedal through entire blocks of nothing but slabs and weeds, very near downtown. There are a few small areas where people have revitalized the houses and properties. These neighborhoods are where the Fords, Chryslers, and other famous people once lived, and compare favorably to any neighborhood anywhere in the country. To really get a feel for what Detroit once was, go look at the front of the old train station that you can see from I-75 coming in from the south. No windows in it anymore, and a fence around it, but the front facade still unmistakably suggests a time when Detroit was a powerhouse. Very sad.