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Detroit Adult Entertainment: Detroit Real Estate: Down and Out at Market Value

Some 9,000 homes and lots went up for tax foreclosure auction in the American symbol of industrial urban failure…yet 80% of them remain unsold despite a minimum bid of $500.
How the world turns.
Once Detroit was a dynamic city, the urban equivalent perhaps of a can-do, modern woman, the kind who could have easily attracted money and devotion from deep-pocketed suitors.
But now the ol gal just aint what she used to be. “Motor City” must sting like an accusation. Her industries are gone and the political props have only prevented the sort of changes that she needed to retain her vitality.
Now shes lost her looks…and her dignity…and the only ones willing to touch her arent willing to pay very much. But apparently a few banks are hoping to buy claims to pimp Detroit out, while making absolutely no investment in improving her lot.

See the full article from “Before It’s News”