Cheap housing - Detroit

[muppet]

Want to browse some cheap housing then have a look at this page.

http://rej.re.adicio.com/properties/...on=DESC&page=4

[BusyLizzy]

My family is from Detroit. I was talking to my grandmother the other day who was describing how dire it is.

Her home was similar to the ones showing on the first page of that website - she sold for $85,000 I think about 3-4 years ago. Now only $4500?! A car is worth more than that. Hmmm.. in Detroit? Maybe not.

I have a cousin who is having to move to another state to find work, leaving behind his wife and child. He's has a concrete business, and there's just nothing happening at the moment. His is one of the houses up for mortgagee sales.

Detroit has been declining for years, but according to my grandmother, it's the pits now. The retirement village she lives in has stopped running their minivan to drive the residents out and about because the cost of petrol is so high.

It's all pretty depressing.

[67910241]

I reckon

Honda, Toyota, Fuji & Mitsi Heavy Industries etc should just join up and buy the whole state of Michigan, and then have it reorganised according to Bushidō.

Following that, its recovery may begin in earnest.

[Glenis]

Forclosures in Detroit

I thought you might all find this interesting. This is before any car plants close - unless the US gov provides the bail out funds of course.

http://growabrain.typepad.com/growabrain/2008/11/foreclosures-20.html

[LKSteve]

Detroit

The situation in Detroit is pretty good now compared to what it will be like after the car company's file chapter 11 & start kicking hundreds of thousands of workers out on the street. The American empire is in terminal decline. First banking, then car manufacturing, what next? There's no hope for a country that borrows beyond it's ability to repay which is what America has been doing for years. Americans are pretty dumb, but they are also armed to the teeth & there will be an awful lot of pissed off Americans out of work soon. The greedy Bankers, CEO's & Unionists that have led to this mess are well advised to keep their passports current & divest their fixed assets for more liquid varieties. Americans voted Bush in twice. What did they expect? The guy was plainly incompetent. The war on terror was smoke and mirrors to conceal the real horror-story of a country headed for bankruptcy, both financially & morally. America - - - - - - you are stuffed & you deserve it.

[Glenis]

There's no hope for a country that borrows beyond it's ability to repay which is what America has been doing for years.

I don't think we're that far behind in the 'borrowing beyond our means' stakes.

[k1w1]

Yeah, but we had Helen. Oh shite......

[LKSteve]

America cornered

Tonights headlines.

(1) US seeks $300bn from Gulf states to tackle turmoil: The United States has asked four oil-rich Gulf states for close to $300bn to help it curb the global financial meltdown, Kuwait’s daily Al-Seyassah reported yesterday.

(2) The US government has moved to guarantee USD 300 bilion in troubled Citi’s assets. It will inject an additional USD 20 billion in Citigroup.

A crazy three ringed circus, a country cornered.

[Badger]

Dr Janice Dorn.

If you want to see the U.S. government in all of its oxymoronic glory, observe that Representative Barney Frank--- one of the men responsible for the current economic debacle-- will head the investigation into what caused the debacle.

Circus is right!