Residential Real Estate in your city

[iheartthed]

Originally Posted by Crawford

Keep in mind that Detroit gentrification stuff is almost irrelevant to a metro housing market of 5 million. Detroit proper is like 600k, optimistically 10% in zones of gentrification, and even there, it isn't exactly Vancouver or SF. Likely 95%+ of high(er) earners in metro area live outside of city proper. For HNWI it's likely closer to 99%.

Sprawl, not gentrification, is still mostly driving growth. Here's an example of over 1,000 upscale housing units going up on former farmland in a stagnant metro, in an area with no infrastructure:
https://www.spinalcolumnonline.com/artic...proposed-plans-for-two-big-developments/

Sprawl isn't growth. I wish we had better language than this. Sprawl in a metropolitan area like Detroit is cannibalization.