Speculators have remained a consistent part of Detroit’s bankruptcy and post-bankruptcy stories.
Tag Archives: Detroit
Where is Dan Gilbert, Detroit’s parking garage and skyscraper king?
The line between speculation and investment can seem arbitrary. In fact, some of the largest speculators in the city of Detroit often characterize their activities as investment.
Mapping speculation: New tool aims to identify property speculation in Detroit (University of Michigan-Dearborn News)
University of Michigan Dearborn – Press Release
Mapping property speculation in Detroit (CBC)
A new research project claims that property speculation has become rampant in Detroit. We spoke to UMich professor Josh Akers about his website, called Property Praxis, and why speculation is bad for his city.
Speculation and the City “It’s not a bug, it’s a feature.”
Property speculators own nearly 20 percent of all property in Detroit. The parcels caught up in this web of speculation are spread across the city and come in a variety of forms. At their worst these owners are buying and selling houses that rapidly decline into vacant and abandoned shells.