The Week is the most unique magazine I have ever encountered. As they say on the cover; “All you need to know about everything that matters.”
From the magazine in the picture above for the week of April 25, 2014, the most intriguing article for me is the “Detroit great house auction” piece. It reads in full:
Detroit is on the auction block, said Les Christie in CNN.com. “In an ongoing battle to fight blight and boost home values.” The bankrupt city has launched a website to auction off the more than 16,000 vacant homes that were seized in tax foreclosures over the last several years. Fifteen properties will be listed beginning May 5, with one house to be sold each day. Opening bids start at just $1,000, but “winning bidders must quickly rehabilitate the home and have someone living in it within six months.” The auctions will only be open to Michigan residents and companies, and winning bidders must put down 10 percent within 72 hours and close the deal with full payment in as little as two months. “We are moving aggressively to take these abandoned homes and get families living in them again,” said Detroit Mayor Mike Duggan.
This one small story generated dozens of questions for me. Are the homes to be auctioned in a good area? How did this all come about?
What is the history of Detroit? According to Wikipedia, Detroit was “The Paris of the West.” That sent me off on a fact finding mission. I learned a great deal by reading Wikipedia.
Sadly drugs and drug lords had a bad effect on Detroit in the 1980s and 1990s. I wonder where those people are today. Will the people buying these houses be safe from drugs?
Drugs caused people to flee to the suburbs. Lower population meant lower taxes and fees being paid to the government. Detroit is now filing for bankruptcy per Wikipedia.
How does one create a new neighborhood? Will it be safe? Who will live there? What will be the return on investment?
Revitalizing Detroit is a massive undertaking, but it can be done. I hope the new neighborhoods cause Detroit to be called The Paris of the West once more.
I talked about Detroit and what is happening there now. The real message is to tell you about my favorite magazine, The Week. I like to read material that makes me think.
What is your favorite reading material?
Mom Pop Pow – Where You Can Do It If You Try