It's 10 a.m. on Temple Street in Detroit, and the only traffic is a group of men lounging on the front steps of the Temple Hotel, where rooms can be rented by the hour.
The men say they live in the small hotel, which has a graffiti-marred wall in front. One patron is shirtless and begins to wander amid the tall weeds surrounding the vacant building next door. Another suddenly begins shouting out to the empty street.


The Temple Hotel is for sale. Asking price: $3.7 million — or $3.6 million more than anything else bought on this block and publicly listed in recent years.
The area has been a real estate hot spot for the past two years. A mysterious buying frenzy has seen 22 mostly empty or blighted parcels sold or optioned for higher-than-market prices.


From The Detroit News: http://detnews.com/article/20110910/...#ixzz1XaE43zBL