CAR, that is the one word rebuttal of your position. Detroit is what happens when there are no investors. You can buy houses in Detroit for less than $10,000. And no they aren’t gutted, bombed, or shredded.
You can buy beautiful little old and perfectly livable homes for less than the price of a new car, in a fairly decent neighborhood.
Most are going to get abandoned, gutted and have the copper pipes and wires ripped out of the walls for salvage though.
As for history, let me some human history of the last 50,000 years up for you. It is roughly the following:
I am the leader, I am the anointed of god, you will do as I say or I will have you killed. I think that land over there looks good, we will go take it because our fist are stronger than their fist.
Or maybe just go watch a chimp troop hunt down a baby chimp of another troop for a protein snack.[/quote]
Detroits problems have nothing to do with a lack of real estate investors. Detroit has been decimated by the destruction of the American manufacturing base. They are at ground zero.
As a matter of fact, RE investors have been swarming around Detroit for a few years now.
Surprise, surprise, these RE “investors” still haven’t managed to bring back the manufacturing jobs. Go figure.
As for the “human history” you’ve noted; the reason why certain groups have been able to take from the masses/workers/indigenous people is because **too much power/wealth was concentrated into too few hands.** It is the inequality between two groups that enables one to take advantage of the other. It’s the very reason why we have to be so vigilant against concentrations of power/wealth.
