Detroit Motor City

[averagejoe]

Is this the future of American cities? Michigan has the highest unemployment in the U.S. Around 14%.

http://www.detnews.com/article/20091007 ... deral-help

[averagejoe]

Need a cheap house.

http://www.cheapforeclosurehomes.com/mi ... troit.html

[Jo]

I doubt very much that it is the future of American cities as a whole, but certain cities - like Detroit - are a problem, as are certain states, ie California. The ones that are hit are hit so hard!

[Captain Awesome]

Is this the future of American cities? Michigan has the highest unemployment in the U.S. Around 14%.

Hey, just like Okanagan.

[AlanH]

It's not like this is new news for Detroit, they have been in the toilet longer than I can remember. Literally ever since the Japanese cars started taking over big portions of the North American car markets... Jeez... like in the 70's I think? Sometime during the oil crisis... I also seem to remember that Chrysler, Ford and G.M. shut down many old plants and moved the work to either new plants, and mostly out of the Country. Detroit has been pretty much sucking since then... Not new news, just history... Kind of right up there with reporting on a tornado in Kansas, or a flood in New Orleans.

Michael Moore is from Flint Michigan, he mentions the economic situation in Detroit often.

[averagejoe]

Yes Jo, California is being hit hard. I found this re: Hotels in the Golden State.

http://www.latimes.com/business/la-fi-h ... 4154.story

[Static]

Interesting article, although not surprising. I was in Anaheim two weeks ago and all of the hotels were less than half full.

[averagejoe]

Detroit chaos?

http://www.freep.com/article/20091007/N ... -aid-event

[averagejoe]

Here's a newstory from Detroit....

http://www.youtube.com/watch?v=02x8EHXPfB0

[TheBank]

I wish this was like the great depression.... this one we wont come out of happy....there are too many people and too much natural resources being used

[steelrules]

No coment, but here are a few houses for sale in Detroit.
http://www.fdic.gov/buying/owned/bargain/index.html

[averagejoe]

Hey Steelrules! Want to go partnership and buy up some properties in Detroit city?

No coment, but here are a few houses for sale in Detroit.
http://www.fdic.gov/buying/owned/bargain/index.html

[quietlywatching84]

It's called diversify your economy (don't put your eggs in one basket). I sure hope somebody circulated that memo at City Hall.

Actually caught the Mayor of Detroit on NPR a few months back, they are trying to do that in a big way right now. Probably too little too late, that place is gonna shrink.

[steelrules]

No, no partnership I dont see things getting better there any time soon, mostly I posted the link because there is a lot of other info on the FDIC site.

Hey Steelrules! Want to go partnership and buy up some properties in Detroit city?

No coment, but here are a few houses for sale in Detroit.
http://www.fdic.gov/buying/owned/bargain/index.html

[averagejoe]

I was just joking! LOL

No, no partnership I dont see things getting better there any time soon, mostly I posted the link because there is a lot of other info on the FDIC site.

Hey Steelrules! Want to go partnership and buy up some properties in Detroit city?

No coment, but here are a few houses for sale in Detroit.
http://www.fdic.gov/buying/owned/bargain/index.html