Syncora Holdings Ltd. (fka SYCRF)

[mrholty]

I assume Quicken Loans. They are a major business who has decided to move many jobs downtown. They kind of were the ones that broke the dam. Other companies and individuals have followed their lead.

I was just in Detroit about a month ago and before going I spent a lot of time looking at properties for sale. Stuff near the water and where the downtown redevelopment has been is going for a good price. However there are parts of Detroit that are still really cheap and I mean it can change in a few blocks.

The $1-1000 homes are gone but you didn't want those anyway. The money to be made was in the $20k house. Those are now $60-80k.

There is optimism there that hasn't been there before. One guy I joked with laughed and said "Hey we aren't Flint!"