If I had any interest in moving to the area it could be an astute opportunity to pick up a home for a cheap price. Back in the 1970s you could buy old brownstones in NYC for 10 or 15 thousand, and now they’re worth millions. Things always change. As bad as Detroit may now be it inevitable will turn around, and those willing and able to buy now just have to wait and likely will be well rewarded down the road. A lot of folks back in the depression got huge returns by buying farmland and other property on the cheap.
When the Bankruptcy was announced Art Laffer said that he believes Detroit will eventually prove to be in a lot better shape than many American if they don't turn themselves around.
Detroit is the northern gate of the busiest trade corridor on the continent and its currently a bottleneck with one bridge. A second bridge will be a game changer for at least part of the city.
Basically we're trying to force the same amount of trade through here as passes through Laredo.
