Quote:
Originally Posted by The North One
Detroit area real estate is not that cheap anymore, this isn't the 2000's. Values are comparable to similar sized Midwest metros. It's had the highest price increases in the country for like the last ten years now.
Renovations and construction have picked up pace in the city precisely because of market fundamentals. Suburbs have gotten expensive and inventory is very low. And it's not held hostage by any, "benefactor" whims either, what a strange take.
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Is it mostly being carried out by smaller independent players buying and renovating/building on underutilized lots as opposed to big block-sized developments? I actually think the former is probably a healthier way to go about revitalizing formerly downtrodden areas even if it means less shiny renderings to post on a skyscraper forum.
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