Yes, the NYC area is not as easily accessible property wise as Detroit. If you look at Vancouver, which statistically is the most expensivecity in North America to buy a house, how is it that only very wealthy immigrant investors who on top of buying a house, need to invest hundreds of grands in order to be processed while canadians cant even dream of owning a house. Which is more opportune; Vancouver with its straitlaced, Hong Kong Mumbai driven speculation or Detroit with its anywhere anything goes will access liveability? Detroit may be the only unashamedly unspeculative market in the world. What to do about it when you think of the universities and other amenities that will eventually make a comeback.
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