| damkira said: http://www.snopes.com/photos/architecture/detroit.asp The slums are a part of Manila, Philippines.. but I agree that the government should buy vast amounts of these abandoned houses and turn them into projects. There are a lot of homeless people in the U.S. and it seems to make perfect sense to put them there.
|
I knew that first slum picture couldn't have been Detroit. It had palm trees in the background...
But on topic, yeah, Detroit has been pretty messed up. The Silverdome being sold for an amount that a trio of regular middle-class homeowners could have paid for with some pretty simple loans (only around $500k for a building that cost $50 million to put together)
When the rest of the country's housing market comes back, though, people might start looking at Detroit again. $100 for a home, even if it needs thousands of dollars in renovation, is still a steal. The laws of economics should balance it out, but you need significant demand to accrue in other parts of the country to do it, which could take a while.
Monster Hunter: pissing me off since 2010.
