Quote:
Originally Posted by AGDee
While the city of Detroit proper has been losing population consistently for quite some time, that has not been true of the metropolitan area. The metropolitan area was continuing to grow until the housing bust, about 2 years ago. This article specifically referred to the "metropolitan area". True, people were leaving the city itself, but they were populating the suburbs. The number of abandoned homes in the suburbs is shocking.
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Is it all the suburbs, or primarily the working class/middle class suburbs? At least here, it's the marginal suburbs that are feeling the impact of foreclosures and short sales. Home prices are a little lower in the wealthy suburbs, but the homes are still selling. Is that true for Detroit, or are homes being abandoned all over the place?