How many "yuppies" have actually moved to Detroit the past couple of years?

**jhnbonham** · June-26-14, 10:41 AM

Originally Posted by 313WX

Is that too hard for you to believe?

313WX is completely correct. Why is that hard to believe, considering people move to cities in different states without ever updating their driver's license, let alone moving within the same state?

I know the originator of this thread is requesting hard data, but what he wants may simply not exist. I suggest he simply go spend a couple of days in these areas in question to see himself, even try to rent an apartment in the area.

Again with the bar set at census numbers, and renters never move without changing their address, even this may not suffice.

e.p.3 · June-26-14, 10:45 AM

Originally Posted by jhnbonham

313WX is completely correct. Why is that hard to believe, considering people move to cities in different states without ever updating their driver's license, let alone moving within the same state?

I know the originator of this thread is requesting hard data, but what he wants may simply not exist. I suggest he simply go spend a couple of days in these areas in question to see himself, even try to rent an apartment in the area.

Again with the bar set at census numbers, and renters never move without changing their address, even this may not suffice.

So you're a developer and you want financing for a building. You tell the finance guys "trust me, it's booming there" and that gets you $50M in financing? Are you all really that naive?

**jhnbonham** · June-26-14, 10:50 AM

Originally Posted by e.p.3

So you're a developer and you want financing for a building. You tell the finance guys "trust me, it's booming there" and that gets you $50M in financing? Are you all really that naive?

So you're a developer and want financing for a building. You tell the finance guys the rental rate in this area is $X.XX/sq ft with an occupancy rate of XX%. The cost of building this project is expected to be $XXX,XXX, with XX units ranging from XXX-X,XXX sq ft, etc etc. You have pages and pages of documentation to support this having spent X amount of money in planning and preparation. Are you really that naive?

Or are you upset that none of the posters on this forum are developers in the area which have spent their time and money to prepare this for you?

e.p.3 · June-26-14, 12:19 PM

Originally Posted by jhnbonham

So you're a developer and want financing for a building. You tell the finance guys the rental rate in this area is $X.XX/sq ft with an occupancy rate of XX%. The cost of building this project is expected to be $XXX,XXX, with XX units ranging from XXX-X,XXX sq ft, etc etc. You have pages and pages of documentation to support this having spent X amount of money in planning and preparation. Are you really that naive?

Or are you upset that none of the posters on this forum are developers in the area which have spent their time and money to prepare this for you?

Project viability is determined by DATA. Who the heck lives there, what are the trends showing, what do they make, etc. You guys can't come up with anything.

**dtowncitylover** · June-26-14, 12:32 PM

Originally Posted by e.p.3

Project viability is determined by DATA. Who the heck lives there, what are the trends showing, what do they make, etc. You guys can't come up with anything.

We don't have to come up with shit for you. There's valid places to see data and an internet forum is not one of them. But the data you're trying to find is not going to support your views so you're taking it out on us...how pathetic.

**jhnbonham** · June-26-14, 12:38 PM

Originally Posted by e.p.3

Project viability is determined by DATA. Who the heck lives there, what are the trends showing, what do they make, etc. You guys can't come up with anything.

So you are saying I was correct, you are "upset that none of the posters on this forum... have spent their time and money to prepare this for you".

**DetroiterOnTheWestCoast** · June-26-14, 12:44 PM

Originally Posted by e.p.3

Project viability is determined by DATA. Who the heck lives there, what are the trends showing, what do they make, etc. You guys can't come up with anything.

"Project viability is determined by DATA." Aren't there as many, if not more, projects being undertaken currently or in recent years than was the case 10, 15, or 20 years ago?

If long-stalled projects like the Griswold, Statler property, Broderick, Whitney, Capital Park buildings, are moving forward now, I guess someone has the supporting data.

There were subsidies available in past years when little or nothing was getting done, so what's the difference now? It's something in addition to the availability of subsidies.

**Bham1982** · June-30-14, 11:39 AM

Originally Posted by DetroiterOnTheWestCoast

If long-stalled projects like the Griswold, Statler property, Broderick, Whitney, Capital Park buildings, are moving forward now, I guess someone has the supporting data.

There were subsidies available in past years when little or nothing was getting done, so what's the difference now? It's something in addition to the availability of subsidies.

These projects have the necessary subsidies, not the underlying economic fundamentals.

And there was no time in Detroit's history where there were no projects happening downtown. If anything, there's less construction activity downtown now than 10 years ago [[with the casinos, Book Cadillac, Blue Cross, Ford Field, Cadillac Square, etc.).