"Detroit’s getting better — sure, there are neighborhoods that have problems, but they’ve been that way for 30 or 40 years."
I’ve heard statements like this a number of times in conversation and online. The idea that problems with Detroit’s property issues are decades old. Some of the root causes are certainly buried that far back, but this idea distorts what I think is still a little understood fact: The 2008-9 financial crisis had a devastating impact on the state of property in Detroit.
2009

2011

July 2013

August 2013

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