Ok, here is my two cents:
I have been looking into coming to Detroit for the fall, with all the available real estate I thought it would be a breeze to find a decent loft downtown for a reasonable price (hey, I'm a student) I really wanted to be right in the core of things and I am coming from a outside market (aka, someone from another state wanting to move to Detroit). Downtown rental prices are comparable to downtown Minneapolis prices, and MN is in a housing boom, our real estate and rental prices are off the charts here. If the city is really trying to get people to move down there, and why build all the lofts if they're not, I personally think that maybe a rental special or two would be in order.