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Detroit: Just about hollowed out
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DrTorch Offline
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Detroit: Just about hollowed out
http://finance.yahoo.com/family-home/art...mily-autos

Quote:DETROIT -- They call this the Motor City, but you have to leave town to buy a Chrysler or a Jeep.

Borders Inc. was founded 40 miles away, but the only one of the chain's bookstores here closed this month. And Starbucks Corp., famous for saturating U.S. cities with its storefronts, has only four left in this city of 900,000 after closures last summer.

...
No national grocery chain operates a store here. A lack of outlets that sell fresh produce and meat has led the United Food and Commercial Workers union and a community group to think about building a grocery store of its own.
06-18-2009 09:23 AM
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I45owl Offline
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RE: Detroit: Just about hollowed out
(06-18-2009 09:23 AM)DrTorch Wrote:  http://finance.yahoo.com/family-home/art...mily-autos

Quote:DETROIT --

And Starbucks Corp., famous for saturating U.S. cities with its storefronts, has only four left in this city of 900,000 after closures last summer.

Seriously? I don't think it's an exaggeration to say that in most cities you can usually find a single intersection with four Starbucks.
06-18-2009 11:47 AM
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RobertN Offline
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RE: Detroit: Just about hollowed out
(06-18-2009 11:47 AM)I45owl Wrote:  
(06-18-2009 09:23 AM)DrTorch Wrote:  http://finance.yahoo.com/family-home/art...mily-autos

Quote:DETROIT --

And Starbucks Corp., famous for saturating U.S. cities with its storefronts, has only four left in this city of 900,000 after closures last summer.

Seriously? I don't think it's an exaggeration to say that in most cities you can usually find a single intersection with four Starbucks.
Maybe the people of Detraoit are just smart? Who the hell wants to pay $4-5 for a friggin coffee?
06-18-2009 12:08 PM
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I45owl Offline
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RE: Detroit: Just about hollowed out
(06-18-2009 12:08 PM)RobertN Wrote:  
(06-18-2009 11:47 AM)I45owl Wrote:  
(06-18-2009 09:23 AM)DrTorch Wrote:  http://finance.yahoo.com/family-home/art...mily-autos

Quote:DETROIT --

And Starbucks Corp., famous for saturating U.S. cities with its storefronts, has only four left in this city of 900,000 after closures last summer.

Seriously? I don't think it's an exaggeration to say that in most cities you can usually find a single intersection with four Starbucks.
Maybe the people of Detraoit are just smart? Who the hell wants to pay $4-5 for a friggin coffee?

The only time I do is when I'm driving on the highway (who else makes decent coffee you can pick up in a drive-through) and flying (company will pay for it). Aside from that, I have never seen anyone associate "smart" with Detroit until now.
06-18-2009 01:04 PM
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Lord Stanley Offline
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Post: #5
RE: Detroit: Just about hollowed out
I'd bet dollars to donuts that Detroit becomes the next hipster cool place to live.
06-18-2009 01:45 PM
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DrTorch Offline
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RE: Detroit: Just about hollowed out
(06-18-2009 01:45 PM)Lord Stanley Wrote:  I'd bet dollars to donuts that Detroit becomes the next hipster cool place to live.

For how long? Damn cold up there. Besides, they've already got Ann Arbor.

If Rochester NY was a roller coaster, Detroit is a hyper coaster...ready to plunge fast and deep.

I don't say this w/ delight, I cheer for the Tigers and Lions.
06-18-2009 02:28 PM
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RaiderATO Offline
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Post: #7
RE: Detroit: Just about hollowed out
Detroit will come back (not as strong as before). Someday. They just need to find how to do something other than cars.
06-18-2009 03:24 PM
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DrTorch Offline
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RE: Detroit: Just about hollowed out
(06-18-2009 03:24 PM)Raider_ATO Wrote:  Detroit will come back (not as strong as before). Someday. They just need to find how to do something other than cars.

Possibly. Futurism is at best not an exact science. But, I seriously doubt it.

I think the push is to move south. Phx, Tucson, etc will all continue to grow.

Even w/ new technology, there is no push to do manufacturing in the US. Some chemical and pharma companies are bringing production back, but that will never replace the volume of the auto industry.

Detroit will shrink until it reaches an equilibrium. Hipsters, old-money, and the residual industry will keep some people employed. If the ports become useful again (only if the E Coast is booked so solid Det becomes an economic alternative), or the existing rail finds use, then maybe it will grow slightly.

Curiously, the Detroit metro area grew from 1990 to 2000, and saw little change from the 2008 estimate:

1980 1,203,368 4,387,783 5,203,269
1990 1,027,974 4,266,654 5,095,695
2000 951,270 4,441,551 5,357,538
2008* 916,952 4,425,110 5,354,225

But I'm guessing there will be a dramatic reduction. 2010 will see a metro back to about 5.1M...2012 will see close to another 10% decline, most from w/in the city. I bet by 2015, you'll be looking at a city much closer to 500K.
06-18-2009 03:51 PM
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GRPunk Offline
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Post: #9
RE: Detroit: Just about hollowed out
There were many shady head counts during the Coleman Young years (74-93). A lot of people question whether a million people ever really lived in the city.
06-18-2009 07:26 PM
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Zipfanatik Offline
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Post: #10
RE: Detroit: Just about hollowed out
Lack of water will curb growth in the SW...that's one thing Detroit has plenty of. Heavy immigration into the USA will keep any area from shrinking too much.
06-18-2009 08:31 PM
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smn1256 Offline
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Post: #11
RE: Detroit: Just about hollowed out
(06-18-2009 12:08 PM)RobertN Wrote:  Maybe the people of Detraoit are just smart? Who the hell wants to pay $4-5 for a friggin coffee?

It took a while but for once we agree. I read somewhere that it costs something like 8 cents to make one coffee that sells for $5.
06-18-2009 09:13 PM
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smn1256 Offline
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RE: Detroit: Just about hollowed out
(06-18-2009 03:24 PM)Raider_ATO Wrote:  Detroit will come back (not as strong as before). Someday. They just need to find how to do something other than cars.

They know how to be poor, commit crimes and live in crappy areas. Is there a market for that?
06-18-2009 09:15 PM
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bitcruncher Offline
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Post: #13
RE: Detroit: Just about hollowed out
(06-18-2009 08:31 PM)Zipfanatik Wrote:  Lack of water will curb growth in the SW...that's one thing Detroit has plenty of. Heavy immigration into the USA will keep any area from shrinking too much.
This may be prophetic. Colorado has been giving surplus water from the Colorado River to Arizona and California for years. They're about to cut it back to the percentages originally agreed upon due to population growth in the State of Colorado. Now, California and Arizona are upset, and want to take Colorado to court to make them continue to give them water in excess of the originally agreed upon levels, since they've always receive excess amounts, and feel entitled to them now. Water is the limiting factor on growth in the southwest, and it's becoming critical...
06-19-2009 10:49 AM
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