How many "yuppies" have actually moved to Detroit the past couple of years?

[313WX]

IMHO the bolded is one of the key signs that things have really turned around. When people are willing to settle for less than ideal housing or people are flocking to the inner ring suburbs to be close to Downtown and Midtown as possible w/o having to pay the price for the limited space and cost of actually living in those areas.

Exactly.

For example, I found an on Craigslist today in Midtown [[on Alexandrine Street) where 1 & 2 bedroom apartments are available for $440 and $500 per month respectively, including heat and water.

I also know someone as recently as 2011 who was living in an apartment in Lafayette Park for no more than $500 per month, also including heat and water.

Of course, the problem is these apartments welcome Section 8 tenants and are in badly need of renovation, which of course the yuppies prefer not to deal with.

[ABetterDetroit]

I would think traditional financing might be a little tight with the strings until the bankruptcy is final. Then one would have a clearer picture of what exactly the finacial future of the city and its services is going to be.