14. March 2011 · 5 comments · Categories: Finance

Have $1.00? Well that’s good because your dollar can buy you a home in Detroit.

$100 could probably net you a mansion. That’s just how bad it is there. Entire blocks are abandoned. They’d do well to just knock that mess down and start over. Just turn it to a gigantic park or something.

What happened to Detroit? My guess is that it’s a combination of things. Corruption, failed economy and drugs.

Sad.

PRESS HERE

5 Comments

  1. I was in Detroit for a conference about a year or so ago. The place looked like a 3rd world country that had been hit by a bomb. It was depressing to say the least. Boarded up houses and businesses everywhere. You could feel a spirit of heaviness and depression. A lot of folks in the north, including chicago and Cleveland are migrating back to the south.
    I hear that Toyotas and Hondas are going to be harder to come by now that many of their plants and industry have been destroyed in Japan, so maybe that will cause the American Auto industry will pick up.

  2. Your description is very good. I feel bad for Detroit. It was once a vibrant, healthy and happy place. Motown…

  3. Preston I agree with your description of some parts of Detroit; like a third world country. I’ve seen videos made by Detroiters that are so sad and frankly shocking. In some aresa; whole neighborhoods are gone.

  4. While the article is quite depressing, I love the “Joseph” mentality of the Blight Busters. That’s what it takes to weather hard times, the situation was bad but these guys are making a difference and making the best of it. I love the idea of planting free produce! It costs a hefty penny to eat healthy so to be able to go and pick tomatoes, cucumbers etc (I don’t know what they are growing) but just the idea is refreshing. His comment to the effect of, we don’t need a permit…if you leave something in poor condition in my neighborhood, we will demolish it for you is priceless. That should be the attitude of anyone seeking to make the best of a bad situation. I applaud his group for such a noble effort.

  5. It truly is a combination of things that Preston mentioned. Another factor is that it was controled for many years by a group of corrupt politicians who had no interest in the city other than making money off of the taxpayers of it. Look at our “Favorite Former Mayor” Kwame Kilpatrick and his ‘mama nem’ and who could forget Monica Conyers sitting up in the city council?

    The bust of the auto industry is another important factor . I also read on another blog that is written by a native and life long resident of Detroit that with the houses being so cheap, people from the projects are moving into some of the more suburban areas like Southfield and bringing the ‘hood’ ways and mentality with them, so that the suburbanites are starting to flee because they don’t want their kids growing up learning a lot of street mess. When the suburbanites flee, it also has an effect because they were more stable forces in the local economy and they are gone.