Detroit real estate would be a GREAT purchase if one was a seventeen year old kid with a valuable trust fund and had sufficient time to sit upon the investment.
Anyone in their thirties or older will be dead long before Detroit can regain its stature as a top-tier American city, IMHO.
~ Blue Jays ~
In Los Angeles, Skid Row is now becoming a Chi Chi area for yuppies to live. Old $2 a night flophouses and industrial warehouses have been converted to $2000 + a month 1 bedroom lofts for Yuppies to live in.
I don't think anyone would have predicted this development 20 years ago.