I just saw an article which mentioned that Detroit in 2010 had a population of 713,000 people. As recently as 1970 it had a population of 1,514,000. That means in 40 years it has lost more than 800,000 people, more than half its population.
Does this mean that there are vast areas in Detroit with unoccupied or abandoned housing? Are housing prices extremely low because of this? With the decline in population, has there been a similar decline in the number of stores, shops, businesses, etc. that once served them? Has the downtown become a ghost town?
What’s the story?