tag:blogger.com,1999:blog-19127699.post361127466812032509..comments2007-10-02T20:41:13.323-07:00Akindele F. Akinyemihttp://www.blogger.com/profile/11615301401612913192noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-19127699.post-29752084664476468572007-10-02T20:41:00.000-07:002007-10-02T20:41:00.000-07:00This doesn't help matters in Detroit (or anywhere else for that matter). I'm seeing for sale signs everywhere as it is, and this is in one of the growing areas of the state.<BR/><BR/>If I had to pick the biggest problem in the City of Detroit outside of schools (Cass Tech and Renaissance excluded), it is the property tax rate. Last I heard, it was 67 mills, about 40% higher than Grosse Pointe. A $200,000 home has a $6730 tax bill. That's more than I pay a year in rent. I hope that's changed or the home ownership rate will continue to drop.<BR/><BR/>One thing Detroit has going for it is the architecture. Some of those old houses are build a lot better than the cheaply made and overpriced stuff used today. That's a great selling point for home ownership, and IMO that's the best way for Detroit to possibly get back to a million people.Republican Michiganderhttp://www.blogger.com/profile/11625371376786863084noreply@blogger.com