Update on "inchvesting" in Detroit

TURNING INTO GODS - 'Concept Teaser' from Read the rest

Investing in Detroit by the square inch

Over a year ago, my friend Jerry Paffendorf showed up at a party with a picture of a ruler on his shirt and the words, "Iʼve got twelve inches in Detroit."

He explained his new project, Loveland, describing it as a series of micro-hoods made of inches that he would sell for $1 each. Some of the people stood around looking puzzled or skeptical about the prospect of a bicoastal urban techno-hipster moving into Detroit to sell tiny parcels -- and for what?

Iʼve worked extensively in blighted cities before, though, and the idea that we should avoid them because theyʼre suffering is, at best, no different than ignoring a sick friend. At worst itʼs contributing to the decay and neglect eroding many American cities. I became the first "inchvestor" in Loveland on the spot. Read the rest