Bitcoiners will save Detroit

Detroit is in a bit of a pickle. They’ve recently declared bankruptcy after decades of population decline due to a collapsed auto manufacturing industry, unchecked suburban sprawl and “white flight“. Many mayors, council members and businesses have tried to turn things around with no success. It’s one of the most complicated issues facing the state and possibly the future of the country and there’s no single cure to rebuilding this failed city short of simply starting over. It involves a complete tear-down of many portions of the city, a condensing of the existing population, eminent domain laws, a massive eviction of long-time holdouts in the outskirts of the city and billions of dollars of relocation and community revitalization programs.

Or, maybe, all it really needs is Bitcoin!

Bitcointalk Member bbit recently discovered that crappy homes are cheap in Detroit! Of course he doesn’t realize that most of these homes are uninhabitable and it will cost more to tear them down then the land is worth, but you can solve all though problems with big dreams and a little bitcoin!

Here’s some choice quotes:

Crowdfund Homes in Detroit?
August 04, 2013, 03:23:41 AM

Was thinking the BTCitcoin community should snatch up some homes in Detroit after reading this article:

http://homes.yahoo.com/photos/yahoo-homes-of-the-week-homes-listed-for-less-than-5-000-slideshow/

“Detroit metro home values are expected to rise 4.3 percent in the next 12 months — the current median home value is $89,600 compared with $161,100 for the U.S. — but more than 400 single-family homes are currently listed for less than $5,000.”

Could use BitcoinStarter to purchase a few with tier rewards being whatever we want to come up with as a community. Anyone think its a good idea??

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