Osler's Razor

Amazingly enough, this story is actually true.
 

It's Foreign Direct Investment, which economists tell us is often critical to developing markets. Take heart that out-of-towners see more value in Detroit than the local market does. Those folks are investing for the future in the middle of a national market downturn and they've chosen Detroit as good place to do it. That's something y'all should be proud of.
 

The guy in the article that says' "The market will go up - it has to!" Is probably the same kind of guy who relies on the lottery as an investment tool. I'm wondering how much time he's actually spent in Detroit. The city is growing poorer and its citizens more desperate and depraved.
Every time my father tells me about his experiences with Detroit's Habitat for Humanity it makes me wish my parents would pack up and get out of the area.
 

Ok In my old 'hood of Grosse Pointe I heard about people that were ready to leave or retire or whatever and needed to see their houses. Maybe they were old and their spouse needed to go into assisted living or soemthing. They had not updated the house in a while and wanted to just sell it AS IS. They called realtors and they WOULD NOT EVEN LIST IT!!!!

THey said that there were a ton of houses on the market just like his, but NICER and his would never sell it would be a waste of time to even try to list it.

Can you believe this??? I had a house in Grosse Poine and I sold it in 1998 and everyone told me I was insane. Grosse Pointe was going to be a hot area because GM was moving in to the renaissance Center. I shoudl rent it out, they said. I sold it.

It went up for a bit, and then started going down again and has never recovered. THe sad thing about the area is that there is a ton of crime now, even in parts of Detroit where it had been previously pretty much unheard of.

NO matter WHAT they do to try and fix Detroit it NEVER EVER improves much!!!IT is so SAD!!! I mean I thought the stupid casinos were going to help? or the Ren Cen? Or those riverfront condos on Jefferson, or whatever....

I feel bad for my home town, but I wish everyone I know would leave htere and move to Oregon. Seriously. I love this place. Lots of jobs, it is gorgeous, Portland is a REAL city, THere are great outdoor things to do, the weather is incredible and people are just nice here, except for Fake France. I will never never never ever move from here. But then a lot of my friends are still in Detroit.

I have a friend whose parents are still there and she begs them to leave and they will not.

IPLAW Your parents live in DETROIT???? HUH?
 

My parents are in Northern Virginia. They left the midwest in 1968. They miss it, but were never in Michigan. My Mom's hometown in Iowa has suffered though. Dad was born in Minneapolis and grew up outside Chicago. Those cities are doing fine.

No, its the Walleye's parents who are still in Detroit.
 

The place just has not been the same since Bill Bonds, Coleman Young, Bill Kennedy, Bozo the Clown, Sleepy Walleye, Professor Osler, and Sonny Elliot left town. And no one ever mentions the most unsung hero of Detroit - Dick Purtain. Remember a while back when all those postal workers in Mich were, in fact, Going Postal? I think a lot more of those incidents woud hav happened without Dick Purtain around.

I listened to him every morning for the last hundred years. But then, I have been a complete NerdGirl my whole life.
 

IPLAWGUY-
I respectfully dissent from your statement as to the financial health of Chicago. From what I have been hearing from alot of people, times are bad back home- I have seen it with my own eyes. No, it is not yet Detroit, but mismanagement of the economy, high taxes, and other issues are taking a toll on what was once a great city. Trust me- the last few years of "growth" in Chicago were based on people cashing out equity in their homes, not on any real economic growth.