I was in Detroit all of last week and it was encouraging to see neighborhoods doing well, neat restaurants, and construction. But honestly, the changes don't seem anywhere near as robust as needed to move the needle, especially if you've recently been to a Boston, Dallas, Denver, Portland, Silicon Valley, Seattle, Atlanta, Nashville, D.C., or Chicago.
Any of you encouraging your children to choose Detroit over an already turn-key coastal or Sun Belt city? If the Midwest is where a 20-something kid wants to be, how do you justify $1500 average rent in downtown Detroit when $1500 can put your kid in Lakeview or Wrigleyville Chicago? And that's before Detroit's sky-high rental and auto insurance. It's one thing if living in Detroit was a remarkable value for kids, but it's not at all.
Further, GM slashing headcount and looming Ford layoffs (up to 25,000) can't be good. I follow Charlie LeDuff's podcast (a great listen) and stay current with various Detroit news outlets. Seems corruption and practically nonexistent public services are ongoing issues. Cooking crime stats, hyper-aggressive parking & towing schemes prey on residents, same crooked politicians and consultants. Detroit has a slightly more polished facade but hasn't cleansed itself of unsavory old ways.