Barron's article on rise of Detroit
This isn't exactly real estate related; however, since there seems to be a lot of conversation around the possible success/turnaround of Detroit, I found the article very interesting.
It's in the March 17, 2014 edition of Barron's; it's the lead story on their cover and starts with this:
Detroit Will Rise Again
Anyway, I thought it may be food for thought; especially for those who are considering, or are investing in Detroit.
Most Popular Reply
I work downtown, have for almost 30 years now, and have seen the transformation there over the last five years. I have seen Midtown change. I have seen other cities change. Detroit has a bad element, but the majority are good, law-abiding people who want to live in peace and raise a family, just like anywhere else. Change will be slow, but change is possible.