Detroit: 2 Sides of the Coin

In the past few decades Detroit has had a negative stigma attached to it. Despite its flaws, there are some hopeful aspects in the most populous city in Michigan. The following are a few pros and cons to living in Detroit.

Pros:

1. Attractions

Most people don’t think of Detroit as a cultural hotspot, but it actually has many attractions and museums that appeal to adults and children alike. Must-sees in the city include the Detroit Institute of Art, the Detroit Historical Museum, the Wright Museum of African American History, and the Detroit Science Center. Other attractions like a zoo and numerous parks add a cultural appeal to the city.

2. Investment

Investment in Detroit’s buildings and neighborhoods has become a lucrative business in the past few years. Foreign investors, particularly from China, are buying inexpensive property in the city. Plus local companies like Renegade Detroit Investors are taking matters into their own hands to turn Detroit back into the booming city it once was.

3. Sports

Detroit has four major sports teams that bring revenue and excitement to the city. Sports fans can watch the Detroit Lions (Football), Pistons (Basketball), Red Wings (Hockey), or Tigers (Baseball) in Detroit’s well kept stadiums and arenas. Additionally, the city hosts many sailing events on Lake St. Clair

 

Cons:

1. Unemployment

In the heart of the city, the unemployment rate is a staggering 15%. A major issue has been the decrease in manufacturing jobs, especially in the automotive industry that used to run the city. On the plus side, proposals for new infrastructure in Detroit would create 25,000 jobs for residents.

2. Crime

After the 1950s, Detroit lost approximately half of its population. This left a number of buildings and houses empty, resulting in dilapidated neighborhoods throughout the city. Throughout these slums, crime runs rampant. Detroit earned a score of 2 out of 100 on the crime index, with 100 being the safest. This poor grade on safety makes most people very uneasy to move to Detroit.

3. Home Prices

Between unemployment and high crime rates, it is no secret that Detroit’s economy is struggling. For this reason, real estate has been fluctuating. Some neighborhoods are being rejuvenated, but most homes in Detroit are undesirable.

 

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Sources:

http://www.movingguru.com/movingguide/moving-to-detroit-mi/

http://www.neighborhoodscout.com/mi/detroit/crime/

http://www.npr.org/2014/03/04/285711091/chinese-investors-arent-snatching-up-detroit-property-yet

 

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