A Neighborhood Challenge for Bedrock/Dan Gilbert?

[Wesley Mouch]

I find this facetious.

Any of the neighborhoods that aren't a complete wasteland are only that way because of the residents. Most of the neighborhoods with multi-family housing are hollowed out because the tenants, and land lords jumped ship.

I would like to watch you tell any of the thousands of residents who have been cutting grass, shoveling snow, clearing trash, boarding windows and chasing off scrappers on property that they don't own, and who may have been doing so for years on end, that they need to do something for themselves.

Not facetious. You prove the point in fact.

If you agree some 'hoods aren't complete wastelands because of the residents, then it follows that others ARE WASTELANDS because of the residents.

People matter. People can make a difference.

[Shai_Hulud]

Not facetious. You prove the point in fact.

If you agree some 'hoods aren't complete wastelands because of the residents, then it follows that others ARE WASTELANDS because of the residents.

People matter. People can make a difference.

So if we take a random neighborhood like Jefferson-Mack, it's safe to assume that the 70% of missing residents moved because they didn't like the 30% remaining?

[belleislerunner]

Have you been near Jefferson/Mack? It should be closer to 90%.

What is the benefit of owning a house there? If the answer is none - why would you not want to be one of the one who cashes out sooner and moves to a place where your money is better suited. You don't get brownie points in life for living in a dung hole.

This isn't limited to Detroit at all. IF you were living in one of the first horizontal streets north of Eight Mile in Ferndale, once a certain percentage of homes on your block flip from owner occupied to landlord owned - it's a sign you put the For Sale sign out pronto. Economics 101

[darwinism]

Have you been near Jefferson/Mack? It should be closer to 90%.

What is the benefit of owning a house there? If the answer is none - why would you not want to be one of the one who cashes out sooner and moves to a place where your money is better suited. You don't get brownie points in life for living in a dung hole.

This isn't limited to Detroit at all. IF you were living in one of the first horizontal streets north of Eight Mile in Ferndale, once a certain percentage of homes on your block flip from owner occupied to landlord owned - it's a sign you put the For Sale sign out pronto. Economics 101

Thanks for bringing up the notion of Economics 101, belleislerunner.

Ladies and gentlemen, if you are single and currently earning less than $120k a year, consider yourself royally screwed by the way Economics 101 works.

Relevant Link - http://www.theguardian.com/us-news/2...es-salary-down

Everyone who had chimed in above, about residents in a neighborhood needing to fend for themselves by pulling themselves up by the bootstraps; Well ..... none of them have yet to ARTICULATE any specific ACTIONABLE STEPS that people with hardly any money in the bank, working to put food on the table, would be able to ACT ON in order to revitalize their communities.

[David L]

Residents of struggling neighborhoods need help. Quicken loans and many others created the crisis of blight Detroit [[and many other cities) now face. They have never been held accountable for writing so many sub-prime mortgages doomed to fail. Detroit is almost out of blight removal funds. Quicken i.e. Bedrock, and other lenders, rolling in profits, should be contributing major cash to help clean up the mess they made.