Michigan Central Restored and Opening
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  1. #3

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    Michigan is a textbook example of a state that is/was overstored.

    Despite relatively stagnant population since the 1970s, the amount of shopping malls and store redundancies had drastically increased by the 2000s.

    The auto industry collapse accelerated the apocalypse, but the region/state was always one big commercial real estate bubble waiting to bust with the ridiculous amount of building and retail expansions that were going on.

    I was watching an episode of Alice the other day from 1980, and there was a joke about the irresponsible bank lending at the time that led to the over-saturation of retail space we have today. They wouldn't give her a $40 loan to rent her son a tuxedo, but they were apparently eager to sell her a loan to build a shopping center.
    Last edited by 313WX; April-18-19 at 06:06 PM.

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