Re: Detroit is a ghost town

Dec 08, 2008 0 Replies


"Large stretches of Detroit are already dead.


>
> With enough abandoned lots to fill the city of San Francisco, Motown
> is 138 square miles divided between expanses of decay and emptiness
> and tracts of still-functioning communities and commercial areas." >
> " I wouldn't put my money in Detroit.''
>
>
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> "The population of the once vibrant manufacturing hub that grew up
> around the 20th century expansion of the auto business has contracted
> to less than 850,000 from a peak of 1.9 million in the 1950s. "
>
> "The average price of a home dropped 55 percent to $18,578 in the
> first nine months of the year, according to the Detroit Board of > Realtors."

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