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Old 04-15-2013, 07:20 AM
 
1,648 posts, read 3,273,157 times
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As previously mentioned - Detroit is WAY better than it was in 2009, and Michigan as a whole has vastly improved.

For the first time in a decade, the population of Michigan is increasing.

The credit agencies have upgraded the long term debt rating of Michigan (i.e. cheaper cost of funding).

The unemployment rate has dropped nearly 40% since 2009 (to 8.8% from 14%).

Housing prices have rebounded since 2007. In fact, places like Atlanta lead the nation in the most underwater homes with more than 40% of homes down south underwater. More than 40% of Georgia homes underwater | www.ajc.com. All the people from Michigan/Ohio/Indiana who lost jobs in 2003-2009 moved south taking their woes with them.

Gilbert massive redevlopment building spree downtown. Think 2003-2009 - what opened downtown? Nothing. Compuware was already here. Buildings were slowly emptying. In 2013 (and since 2009 alone) - you have already opened the world's largest Buffalo Wild Wings, a Whole Foods and Meijer in Detroit city limits that open in mere months, gourmet grocery stores, Moosejaw, numerous coffee shops, new highrise and midrise apartment developments (Auburn/Broderick tower), numerous apartment complexes in construction/planning/renovating, M1 basically finalized - In short, there's been more activity in downtown/midtown since 2011, than arguably there was from 2003-2011 - which is awesome.

Those were structures - you have BCBS which moved downtown since 2011, Title Source moved from their HQ near Flagstar in Troy, and thousands of other jobs with the Quicken family of companies. In short - LITERALLY, tens of thousands of new workers downtown alone just since 2009.

Compare Detroit to 1970, 1980, 1990, 2000 - sure you can see the downhill spiral - but that's been known for years and is a yawnfest. Compare Detroit 2010-present and you'll be amazed. Upwards we go! Join the excitement and get back here already!
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Old 04-15-2013, 08:41 AM
 
3,082 posts, read 5,438,458 times
Reputation: 3524
Quote:
Originally Posted by belleislerunner View Post
As previously mentioned - Detroit is WAY better than it was in 2009, and Michigan as a whole has vastly improved.

For the first time in a decade, the population of Michigan is increasing.

The credit agencies have upgraded the long term debt rating of Michigan (i.e. cheaper cost of funding).

The unemployment rate has dropped nearly 40% since 2009 (to 8.8% from 14%).

Housing prices have rebounded since 2007. In fact, places like Atlanta lead the nation in the most underwater homes with more than 40% of homes down south underwater. More than 40% of Georgia homes underwater | www.ajc.com. All the people from Michigan/Ohio/Indiana who lost jobs in 2003-2009 moved south taking their woes with them.

Gilbert massive redevlopment building spree downtown. Think 2003-2009 - what opened downtown? Nothing. Compuware was already here. Buildings were slowly emptying. In 2013 (and since 2009 alone) - you have already opened the world's largest Buffalo Wild Wings, a Whole Foods and Meijer in Detroit city limits that open in mere months, gourmet grocery stores, Moosejaw, numerous coffee shops, new highrise and midrise apartment developments (Auburn/Broderick tower), numerous apartment complexes in construction/planning/renovating, M1 basically finalized - In short, there's been more activity in downtown/midtown since 2011, than arguably there was from 2003-2011 - which is awesome.

Those were structures - you have BCBS which moved downtown since 2011, Title Source moved from their HQ near Flagstar in Troy, and thousands of other jobs with the Quicken family of companies. In short - LITERALLY, tens of thousands of new workers downtown alone just since 2009.

Compare Detroit to 1970, 1980, 1990, 2000 - sure you can see the downhill spiral - but that's been known for years and is a yawnfest. Compare Detroit 2010-present and you'll be amazed. Upwards we go! Join the excitement and get back here already!
Thanks for sharing this, belleislerunner. This is some really exciting news. I can't wait to get back in later this week.
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