DETROIT (Reuters) – In a crowded ballroom next to a bankrupt casino, what remains of the Detroit property market was being picked over by speculators and mostly discarded.
After five hours of calling out a drumbeat of “no bid” for properties listed in an auction book as thick as a city phone directory, the energy of the county auctioneer began to flag.
“OK,” he said. “We only have 300 more pages to go.”
With an increase in poverty and crime comes hopelessness and decay. More and more American cities will experience the blight of Detroit as our march to oblivion picks up speed.
Are you armed yet? You better be.