"One of the most common discussion points we see around Detroit is comparing it to other cities. Although we believe Detroit stands on its own, it’s natural to try to relate our situation with others.

However, many comparisons are drawn to cities like San Francisco, New York, and Boston – and then we got to thinking."

'“Most U.S. metro areas actually experienced more moderate increases in house prices than the nation between 2000 and 2006. In fact, 249 of the 383 metropolitan areas tracked by the Federal Housing Finance Agency saw price increases below the national rate of 8.1% during the boom”... Many of these areas, in turn, didn’t experience the resulting bust.…'