And white investors are buying everything dirt cheap now
And the face of the city will change. It will be a homogeneous, hipster friendly hub with a multicultural backbone or the site of
a business resurgence. Big business. The old economy, one of skilled trade and world-class tourism, is dead. Those were more conducive
to the black middle class. The money that place would need to turn into something would require black people with money to come
there...which means they have to leave somewhere else.
Think of Atlanta's success. While it is a model city, the time it took to become what is is, which pre-dates the current credit crunch and
economic turmoil, took a long time to come to fruition. Even if blacks bought heavily into Detroit, they would have had to see how the population
treats the city and realize they weren't going to make bread out there. Detroit is ripe for gentrification at best. There won't be a large-scale
urban renaissance. The economy dying there killed the cities spirit.
People are already buying up property there in droves. In 10-20 years Detroit will probably be majority white.
Very likely, as they have the money and the connections to turn Detroit into something livable. Blacks don't have the skilled trade and tourism
to attract investment dollars to that area anymore. The place is a money pit. As important as Detroit was to America at one point, it isn't the first
or last world-class city that died an ugly death due to globalization and automation.