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Detroit tries unconventional approach to restoring its housing market
- kspaans 11y ago"Bank buys fixer-uppers and sells at a loss to prop up neighbourhood prices" sure sounds funny out of context.
- hoodoof 11y agoWire gigabit cable to all these houses. I wonder what would happen next.
- burkemw3 11y agoThere is a push for 10G internet in some areas of Detroit: http://rocketfiber.com http://rocketfiber.com It isn't clear from the article what neighborhoods have been targeted, but I bet the "Civic and business leaders" from the article include Dan Gilbert, who formed Rocket Fiber, and he's trying to line up infrastructure there. EDIT: The site advertises 1G and 10G for residences.
- hoodoof 11y agoNext silicon valley........
- pjc50 11y agoThis does rather drive home how important location is in real estate. Similar things have happened in the UK on a smaller scale in collapsed pottery town Stoke-on-Trent: http://www.stoke.gov.uk/ccm/content/housing/private-housing/empty-homes/clusters-of-empty-homes-programme.en;jsessionid=aZgRIeFmyKRe http://www.stoke.gov.uk/ccm/content/housing/private-housing/...