Quote Originally Posted by corktownyuppie View Post
Most business people [[who generally are familiar with bankruptcy) see the bankruptcy as a positive, not a negative. An investment firm from NY just bought the CPA building for 900k. Chinese investors are buying up downtown buildings. Etc.
The entire CPA building block was bought for 900k, an absurdly low number.

So basically you can buy an entire block in possibly the hottest Detroit neighborhood for less than developable [[former) farmland in an exurban township with good schools.

If that's the sales comp being used to show a revival, I hate to see the other sales comps. Property values are incredibly low, as the investment community does not yet see evidence of any turnaround in Detroit.