Ben Keyes

And so as the population of a community shrinks, you are then faced with all of the challenges of urban decline, where you're trying to right size the city, right size the services that are provided, which schools should stay open, all these kinds of challenges. And, you know, in that case, the housing market adjusts

And so as the population of a community shrinks, you are then faced with all of the challenges of urban decline, where you're trying to right size the city, right size the services that are provided, which schools should stay open, all these kinds of challenges. And, you know, in that case, the housing market adjusts

At the speed of depreciation, it adjusted the speed at which these properties ultimately lose their value and reach that kind of floor of, you know, please take this property off of our hands. At this point, we are seeing some of these upticks, as you're describing, in rent growth. We're seeing a resurgence in a number of different ways. We're seeing jobs drop.

At the speed of depreciation, it adjusted the speed at which these properties ultimately lose their value and reach that kind of floor of, you know, please take this property off of our hands. At this point, we are seeing some of these upticks, as you're describing, in rent growth. We're seeing a resurgence in a number of different ways. We're seeing jobs drop.

At the speed of depreciation, it adjusted the speed at which these properties ultimately lose their value and reach that kind of floor of, you know, please take this property off of our hands. At this point, we are seeing some of these upticks, as you're describing, in rent growth. We're seeing a resurgence in a number of different ways. We're seeing jobs drop.

Returning to Detroit in certain ways. At the same time, the land bank in Detroit, so the city government, owns about 20% of all of the parcels in the city of Detroit. And so what that means is they're taking these parcels off the market. And at some point, there will be opportunities to redeploy those parcels for sale and for development.

Returning to Detroit in certain ways. At the same time, the land bank in Detroit, so the city government, owns about 20% of all of the parcels in the city of Detroit. And so what that means is they're taking these parcels off the market. And at some point, there will be opportunities to redeploy those parcels for sale and for development.

Returning to Detroit in certain ways. At the same time, the land bank in Detroit, so the city government, owns about 20% of all of the parcels in the city of Detroit. And so what that means is they're taking these parcels off the market. And at some point, there will be opportunities to redeploy those parcels for sale and for development.

You alluded to the sort of investor strategy in a place like Detroit. That would have been a very poor strategy for a very long time as you had to wait decades in many cases for some of these neighborhoods to turn around. And some neighborhoods still have not turned around or are now much depopulated relative to to where they were before.

You alluded to the sort of investor strategy in a place like Detroit. That would have been a very poor strategy for a very long time as you had to wait decades in many cases for some of these neighborhoods to turn around. And some neighborhoods still have not turned around or are now much depopulated relative to to where they were before.

You alluded to the sort of investor strategy in a place like Detroit. That would have been a very poor strategy for a very long time as you had to wait decades in many cases for some of these neighborhoods to turn around. And some neighborhoods still have not turned around or are now much depopulated relative to to where they were before.

And so as an investment strategy, you're really looking for that type of upswing where you're buying low and selling high. And I think then that there are going to be those targets of opportunity where you have neighborhoods that sort of meet that profile, where there's potentially some job growth there.

And so as an investment strategy, you're really looking for that type of upswing where you're buying low and selling high. And I think then that there are going to be those targets of opportunity where you have neighborhoods that sort of meet that profile, where there's potentially some job growth there.

And so as an investment strategy, you're really looking for that type of upswing where you're buying low and selling high. And I think then that there are going to be those targets of opportunity where you have neighborhoods that sort of meet that profile, where there's potentially some job growth there.

Potentially you're near a good school district or near public transportation that's going to get you where you want to go. So I think that's where those opportunities come up. And that's usually a sign of a community where there's at least the potential for some upswing.

Potentially you're near a good school district or near public transportation that's going to get you where you want to go. So I think that's where those opportunities come up. And that's usually a sign of a community where there's at least the potential for some upswing.

Potentially you're near a good school district or near public transportation that's going to get you where you want to go. So I think that's where those opportunities come up. And that's usually a sign of a community where there's at least the potential for some upswing.

No, it doesn't. But if we take a step back and we think about the state of the housing market, in a sense, we've traded stability for a lack of affordability. And so what we've done in the housing market by underbuilding housing, we've kept supply scarce, and that's increased housing values. We've also, during the recent COVID period, kept people in their homes.

No, it doesn't. But if we take a step back and we think about the state of the housing market, in a sense, we've traded stability for a lack of affordability. And so what we've done in the housing market by underbuilding housing, we've kept supply scarce, and that's increased housing values. We've also, during the recent COVID period, kept people in their homes.

No, it doesn't. But if we take a step back and we think about the state of the housing market, in a sense, we've traded stability for a lack of affordability. And so what we've done in the housing market by underbuilding housing, we've kept supply scarce, and that's increased housing values. We've also, during the recent COVID period, kept people in their homes.