Spot on @ghettopalmetto. I'm also having trouble with everyone claiming there is all of this incredible demand for downtown apartments. Last I checked, each and every apartment development is taxpayer subsidized in some regard and there isn't there still that $1,000[[?) rental credit college grads get for signing or re-signing a Detroit lease? The only facts I see cited about demand are how two or three of the higher-end buildings allegedly have "wait lists." If that's even true, there are all sorts of crappy apartments in Ann Arbor and even Rochester with "wait lists." That's a pretty common thing in my experience of apartment renting.