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b_b · 3867 days ago · link · · parent · post: Filing for bankruptcy has allowed Detroit to get back on track
Despite the popular narrative, Detroit is a nicer place to live now than it has been in decades. There are places to buy good food, local retail, decent housing, a budding restaurant culture, etc. Of course this is limited to a few neighborhoods, but you have to start somewhere. I lived in Detroit from late 2007 until about two months ago (still work in the city), and it's not even a similar place to what it was when I first moved in. Development is accelerating (see here, for example), although not yet to the point where public subsidies aren't required. Apparently about $200/sqft is needed as a residential sale price in order for developers to be self-sustaining. I recently sold my condo for $188/sqft, so it's getting there.