Wednesday, May 9, 2007

Detroit's Contrarian Condo Builders, Buyers Sense an Opportunity Downturn

(Bloomberg) -- Bob Bartlett is buying a million- dollar condominium atop a historic hotel in Detroit -- the U.S. city with the highest unemployment rate, the worst violent-crime rate and thousands of abandoned houses.

It's a city that outsiders underestimate, he says.


Read more at Bloomberg Exclusive News

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