Tuesday, August 15, 2006
Wither Detroit
Jobs Scare, Housing a Bargain
This past Friday, I was metro'ing home. As you head out East of the city on the Red line, the track elevates and you get a nice view of the city. From the vantage point of the Rhode Island Avenue Station, I counted no less than 9 construction cranes dotting the skyline. (Building what soon will be a huge glut of condos). Anyway, it had me again reflecting on the differences between DC and Detroit (or any city and Detroit). Seems the housing market is tanking and it never was very strong to begin with.
This past Friday, I was metro'ing home. As you head out East of the city on the Red line, the track elevates and you get a nice view of the city. From the vantage point of the Rhode Island Avenue Station, I counted no less than 9 construction cranes dotting the skyline. (Building what soon will be a huge glut of condos). Anyway, it had me again reflecting on the differences between DC and Detroit (or any city and Detroit). Seems the housing market is tanking and it never was very strong to begin with.
