You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #19: First, let me say that I disagree with the mod who moved this to the Places>Michigan Forum. [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Places » Michigan Donate to DU
Snarkoleptic Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-25-09 06:59 PM
Response to Original message
19. First, let me say that I disagree with the mod who moved this to the Places>Michigan Forum.
This story is as much about the nationwide housing collapse as it is a Michigan topic.

Anyhow, Detroit has been in decline for 30+ years and there is a huge housing glut as jobs vaporize.
One example that shocked me when I worked in wholesale lending in the Detroit market was a home that sold for $215K.
It sat on a 1.2 acre lot with mature and well kept plantings.
4400 square foor two story home with a full (unfinished) basement and a partially finished walk-up attic.
The home was build in the 1920's and was in great shape with hardwood floors, pocket doors, build in book cases.
Also, 4 fireplaces, 2 staircases, a 3-season room, butlers pantry, dumbwaiter, huge updated kitchen, etc.

Detroit is the poster-child for how Reaganomics and bogus free trade agreements have hollowed-out our economy.
Printer Friendly | Permalink | Reply | Top
 

Home » Discuss » Places » Michigan Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC