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Yep. People have been thinking Detroit would turn around since about 1955. And they've been wrong every year for 60 years now. If Detroit ever returns it'll
by randcraw 11y ago
Yep. People have been thinking Detroit would turn around since about 1955. And they've been wrong every year for 60 years now.
If Detroit ever returns it'll be slowly, organically, and not driven by speculation. Nearby neighborhoods are more attractive and inexpensive than downtown (Dearborn, Livonia, etc). Until higher-end businesses and lifestyles return to central Detroit, (not to mention basic city services), surrounding city property values will never climb.
I wish Dan Gilbert the best, but having grown up in the area, I've heard it all before.