Honestly-how many of these loft projects are viable ?

[DetroitDad]

I'm assuming not much older since I've only been out of college for a year. But the fact that the majority of my classmates were able to obtain good paying jobs at salaries that have long been classified as middle class, I was questioning your point that it was non-existent. Has the middle class shrunk? Yes. I think it needs to be redefined however.

I think we have similar thoughts. Using individual views was a mistake. Each social group's view and ability probably doesn't actually prove a conclusive answer[1].

[kathy2trips]

Way, over priced. You want to make money in this economy? Appeal to middle America. Nobody else is. More affordable middle class housing close to downtown Please!

[BrushStart]

I have been reading on here that downtown's occupancy rate is approaching the total supply, but I have been skeptical myself as well. I still see my old building, the Cadillac Square Apartments, advertising their short-term furnished apartment on CL for the same price it was available for 5 years ago, and Washington Square had availability the last time I checked. The lofts over Nikki's Place in Greektown were on CL for like $700 per month recently, and the ones on Woodward [[not sure if these are the sub-par ones discussed above) were available for like $850/mo and came with a $150 monthly credit toward your utilities. These are not the prices of a bubble. These are the prices that make one say hey, look, that's the showpiece district, Detroit is cheap.

Well, this is obviously not scientific, but last week I was on Millender Center's roof and looked over at Cadillac Square Apartments at around 8 pm, and virtually all of the apartments were lit up. I would say that if there were 100 windows, 85+ of them seemed to be inhabited. That is a pretty big difference from 3 years ago when I toured that building and the manager said that they were below 50% occupancy, he may have even said 30%, but I can't remember the exact number.