The thing that bums me out is that there is a lot of big money going into rebuilding Detroit, but the average person can’t really buy anything there.
They are selling it, but only to big companies.
Buying real estate in Detroit would be a difficult and risky investment, but there is plenty of it for sale. In some instances the asking prices seem higher than what one would expect, but they are in the range of what an "average" person could afford if they had the kind of risk tolerance needed to invest in distressed assets in a failing city.
In many instances the high prices asked for real estate in depressed neighborhoods deter re-development, since they, along with high costs to renovate the property due to municipal regulations make the investments unprofitable.