Castanet

I know Joe.

averagejoe wrote:I was just joking! LOL

steelrules wrote: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.

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

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

Houses sell for $1.00 in Detroit City! Good investment!

http://www.guardian.co.uk/business/2010 ... losures-80

Detroit could be the poster city for America becoming a third world nation??

Detroit Mayor Plans to Halt Garbage Pickup, Police Patrols in 20% of City; Expect Bankruptcy, Massive Municipal Bond Turmoil in 2011. Detroit has been bankrupt for years. It simply refuses to admit it. Detroit's schools are bankrupt as well. A mere 25% of students graduate from high school.
Yet, in spite of hints and threats from mayors and budget commissions, and in spite of common sense talk of bankruptcy, Detroit has not pulled the bankruptcy trigger.

http://globaleconomicanalysis.blogspot. ... rbage.html

More on Detroits down turn....in pictures.

http://www.guardian.co.uk/artanddesign/ ... 54&index=0

Detoit to close 45 schools in June.

In a continuing overhaul of one of the most troubled school systems in the nation, officials in Detroit on Wednesday announced a plan to close 45 of 172 public schools at the end of the academic year. The move is the latest in a string of efforts aimed at rescuing an academically failing district in the midst of a financial crisis.

http://www.nytimes.com/2010/03/18/educa ... troit.html

Watch the documentary "Requiem for Detroit"...

Absolutely crazy!

A city built for over 2 million people now has less than 800,000 living there!

From Motown to Ghost town: How the once mighty Detroit is heading down a long, slow road to ruin.

Read more: http://www.dailymail.co.uk/news/article ... z1Rm7xhYL6

Interesting video....two cities going in opposite directions!

http://www.youtube.com/watch?v=eTmSt6R4 ... r_embedded

Interesting article....

Gary Brown: Detroit could run out of cash in December, plan must include layoffs.


http://www.mlive.com/news/detroit/index ... run_o.html

Investment opportunity?

Detroit — A record 22,504 properties are going up for auction next month in Wayne County because of nonpayment of taxes, further evidence of the real-estate crash whose aftershocks still reverberate.

The foreclosures are up 57 percent from 14,290 last year, and officials with nonprofit agencies working to keep residents in homes say they're bombarded with pleas for help. The vast majority of the properties, 20,040, are in Detroit.

From The Detroit News: http://www.detroitnews.com/article/2012 ... z23cwXScI3

No place like home: One hundred crumbling houses that capture the downfall of Detroit

Read more: http://www.dailymail.co.uk/news/article ... z24n3UNZ62

Enter At Your Own Risk: Police Union Says ‘War-Like’ Detroit Is Unsafe For Visitors.

http://detroit.cbslocal.com/2012/10/06/ ... -visitors/

Found this interesting article on Detroit.


http://www.activistpost.com/2013/02/24- ... -that.html

See what happens tomorrow?

Detroit Announcement Tomorrow – The State is taking over the City.



- See more at: http://investmentwatchblog.com/detroit- ... fVpAA.dpuf


Read more at http://investmentwatchblog.com/detroit- ... V46hhab.99

I guess it happened!

Michigan Gov. Rick Snyder announced Friday that the state will take over the operations of Detroit's city government due to its long-standing financial problems. - See more at:


http://money.cnn.com/2013/03/01/news/ec ... R67H7.dpuf