Detroit Lost A Quarter Of Its Population In The Last 10 Years, And Is Now At 100-Year Lows

Business Insider ^ | 03/23/2011 | Grace Wyler

[Average Al]

"They lost the equivalent of the population of Saint Petersburg, FLA."

I was wondering where they went....

[NorthStarStateConservative]

Not to Saint Pete. Saint Pete lost population.

[fieldmarshaldj]

Yes, that’s Sts. Peter & Paul Church and the view is looking east on East Larned.

[PastorBooks]

“Yes, that’s Sts. Peter & Paul Church...”

Thank you!

[Niuhuru]

the same sort of pride that pre-revolutionary China felt as they were being colonized. In Detroit, pride is all they have left.

[Cheetahcat]

“the same sort of pride that pre-revolutionary China felt as they were being colonized. In Detroit, pride is all they have left.”

Detroit! infested with the worlds most worthless man:the Obama Voter,There is NO hope.

[Cowman]

The city is offering some abandoned properties for $1 but no one is buying because they want you to invest tens of thousands of dollars to fix the place up.”

They actually just want you to start contributing property taxes into the gubmint pot; I’m sure they’ll overlook any neglect of the property as long as they’re getting quarterly payments to pay the person who collects the quarterly payments.

I wonder if you were to buy one of these $1 properties if the assessment would be on $1 or on the value of the property when last occupied? Or if you need to pay all of the back taxes before you can buy the property for a dollar.

[kearnyirish2]

I’d think the assessment certainly couldn’t be $1, but they probably don’t care about the back taxes as that might scare off a potential sucker I mean buyer. Some places use formulas to calculate assessed values that include square footage, number of bathrooms, property size, etc.; they’d probably have to use something like that (as $1 gives them nothing, while the real market value actually is $1). Here in my area the municipalities went hunting for illegal apartments; they didn’t make the homeowners remove them, they just increased their property taxes. They’re afraid that the de-population here in NJ would accelerate if they enforced residency regulations in terms of number of units.