Detroit's Real Estate Decimation - Commercial Disaster

By
Real Estate Agent with The HBH Group (Keller Williams affiliate)

Michigan has been among the hardest hit of the states during the real estate and foreclosure crisis of past years.  Once proud downtown buildings now stand in shambles as a testament to the bad decisions of days gone by.  I felt that my readers would find these photos from Yves Marchand and Romain Meffre Photography interesting, and yet sad.

This is the Farwell Bldg in Detroit:Detroit Real EstateDentist's Office

Dentist's Office in Broderick Tower:UA Theater - Detriot

UA Theater in Detroit

 

 

 

 

 

 

 

 

 

So all-in-all, most of the rest of the country is in great shape considering!

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Michigan Wayne County Detroit
Groups:
Realtors®
The Lounge at Active Rain
Real Estate Investors
Tags:
detroit real estate
michigan real estate market
round rock real estate blog
effects of real estate crisis
decimation real estate detroit

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
738,472
Charita Cadenhead
Keller Williams Realty - Birmingham, AL
Serving Jefferson and Shelby Counties (Alabama)

CharitaI am saddened about the plight of my hometown.  Used to be the 'place to be'.  Of course every now and then I still Google the demolition of the landmark JL Hudson Building (nostalgia I guess)

Dec 30, 2009 03:56 AM #1
Rainer
150,345
Steve Homer
The HBH Group (Keller Williams affiliate) - Round Rock, TX

Charita:  The rest of us hurt for your situation.  I have traveled in and out of Detroit on business in years past - This is soooo sad!  Our prayers and thoughts are with you!

Dec 30, 2009 04:04 AM #2
Rainmaker
261,640
Barb & Sal Dragotta
Macomb, MI
Macomb County Michigan

Steve...I was born in Detroit--didn't live there long--we moved to Royal Oak-Shrine Parish area; did take the bus downtown many times; it IS very sad to see just what has happened all over our areas here in the SE Michigan area. the unemployment rates, the home ownership losses, the demise of 2 of 3 Big Three Automotive Co.; what is as startling is the splinter effect in the neighboring Macomb Co. area--our place here in Michigan. Thanks for your prayers--they are needed, along with some forceful cutting on the small business taxes from Lansing. What is also interesting to me, is that a fellow Keller Williams REALTOR sent those photos out on the web through AR.      

Dec 30, 2009 04:13 AM #3
Rainer
150,345
Steve Homer
The HBH Group (Keller Williams affiliate) - Round Rock, TX

Well I saw some of these on another blog this morning and I was frankly shocked and saddened so much that I felt I should repost to show people in other places that although many places have suffered during the crisis, most of us have had nothing like this to deal with!

Dec 30, 2009 04:31 AM #4
Ambassador
738,472
Charita Cadenhead
Keller Williams Realty - Birmingham, AL
Serving Jefferson and Shelby Counties (Alabama)

CharitaSteve I live in Birmingham, Alabama now and have been here for over 20 years, so I'm not feeling Detroit's pain so much.  But my immediate family is still there. Detroit is one city that I would definitely like to see make a comeback in a major way.

Dec 30, 2009 10:39 AM #5
Rainmaker
388,251
John Walters
Frank Rubi Real Estate - Slidell, LA
Licensed in Louisiana

I don't think any city took it on the chin like Detroit.  As the car producers went so did detroit.

Feb 07, 2010 02:46 AM #6
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
150,345

Steve Homer

Ask me a question
*
*
*
*
Spam prevention

Additional Information