Quote:
Originally Posted by DrPhil
I agree but remember that there are plenty of home owners in the city.  |
I was referring to what i've seen in Detroit. The new high priced residencies are all downtown and had not existed just a few years ago, while the houses* are all in the neighborhoods. There was never really any housing in downtown Detroit other than a few high rises which where pricey as hell to begin with. No one is trying to fix up the neighborhoods in the D other than a few which have always been well to do to begin with. The thing about Detroit is that the resurgence is mostly professional blacks that are moving into these properties.
I'm all for it, the one thing that city needs the most is a tax base.
* the average value of a house in Detroit is about $40,000