dan Gilbert and milke ilitch
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Detroiter here, outside of the 99% liberal, gentrified areas, there is no 'value' to be had.
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If it is it's been 50+ years. Would have been better to invest in crypto or internet companies than hold on to real estate investments and pay taxes on them for 50 years to break even.
End of conversation
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riots don't make the ultra rich wealthier, but it makes the middle class poorer while leaving the former's wealth largely unaffected
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Detroit doesn’t even exist for the ultra rich.
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It used to; it was the "Paris of the Midwest"
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Detroit in total has declined, but haven't large numbers of middle class blue collar property owners been replaced with hipsters and real estate investors? Generally there is a process of consolidation of wealth from the blood of the middle class.
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The middle class left Detroit 20+ years
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California not so much riots, but the changes there over the past decades have pushed out the middle class. who do you think bought up that real estate, some of the best in the world?
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