Too bad nobody in their right mind wants to live in Detriot
http://money.cnn.com/2007/09/10/real_estate/biggest_motown_auction/index.htm?postversion=2007091112
In a word, Damn.
USFLAG
Replies (3)
swez on 09/11/2007 16:29:00
Yep, it's the toughest market situation we have seen here since I can ever remember B.
A good deal of this is still part of the fallout recession that began in 2001. Auto company layoffs for both blue and white collar workers and the associated industries that have normally supported or benefitted from their employment, are being descemated by the steady job losses.
Those who had the means, moved out of state and made a good profit on the sale of their homes until about mid 05. After that, the bottom fell out and we have yet to see any real signs of recession recovery since then. Those who remain, are being taxed to death, gouged by high energy prices and low paying jobs are the norm.
Up until about 2003, the newspapers employment ads were fair. Today, the weekend paper is down to 1-3 pages of help wanted ads. Most are service sector, commission only sales and medical help. If one has a solid work history in medical care, they have a good chance at scoring a decent job. Most other industries are way down and most that have a "J.O.B." (Just Over Broke) are really struggling now.
We don't know how deep this one will go, but the dumbest thing I can see, was the re-election of Gov J. Granholm in 2006. She is trying to attract new businesses to the state, but we are also competing with OH, IN and several other states for these interests. (It's not going well either)
In a nutshell, we have only 1 county that is below 6% unemployment. This is the newer "High Rent District" north of Detroit. (Oakland Co.) This area has been doing pretty well and many large corporates have relocated the HQ's to this area to get the best talent and out of "the city".
Our little town has 243 homes listed for auction from foreclosures now. If I drew a 10 mile circle around my town, the list is 2,650 homes in foreclosure at this time. In the 70's, we had a population of about 36,000 people in this zip code. Now, that number is below 27,000. Sad situation here for sure.
Swez
PS This zip has 31 listed sex offenders. (No, I'm not on that list either) Don't recognize any of the listed names either. (Imports?)
MrBrownstone on 09/11/2007 17:02:58
so I guess recruiting sex offenders is the way to expand the population there? They seem to be the only population that isn't/can't move....well, besides you, of course.
ick
swez on 09/11/2007 17:43:20
I guess so???
Having 0.1% of the population as registered perverts is probably nothing to be happy about. At least we know who they are and where they live. It's the other xx% that have yet to be found that one should be concerned about. (Won't be on that list either)
Anyway, was reading a few other comments on a MI-based forum and WOW... it's much better than CNN news for the details. It does amaze me how positive some folks are about this state. In many ways, I'd have to agree with them. In MI, we have much:
1. Two well defined seasons (Winter and road construction)
2. High unemployment #'s (Lot's in the same boat, fishing for jobs)
3. Five Great Lakes (Fresh water for all)
4. Fishing and hunting are still good (Nice revenue for the state)
5. The weather is always a topic (Don't like the weather today? Give it a few hours and things will probably change)
6. Have problems with the neighbors? (Don't fret too long as their homes are only a few missed payments away from being repo'd & empty)
7. Traffic congestion is getting better (Many have left the state already)
Am sure there are more too, but alas... going fishing. The last two trips out were pretty darn good!!!
Swez
http://money.cnn.com/2007/09/10/real_estate/biggest_motown_auction/index.htm?postversion=2007091112
In a word, Damn.
USFLAG
Replies (3)
swez on 09/11/2007 16:29:00
Yep, it's the toughest market situation we have seen here since I can ever remember B.
A good deal of this is still part of the fallout recession that began in 2001. Auto company layoffs for both blue and white collar workers and the associated industries that have normally supported or benefitted from their employment, are being descemated by the steady job losses.
Those who had the means, moved out of state and made a good profit on the sale of their homes until about mid 05. After that, the bottom fell out and we have yet to see any real signs of recession recovery since then. Those who remain, are being taxed to death, gouged by high energy prices and low paying jobs are the norm.
Up until about 2003, the newspapers employment ads were fair. Today, the weekend paper is down to 1-3 pages of help wanted ads. Most are service sector, commission only sales and medical help. If one has a solid work history in medical care, they have a good chance at scoring a decent job. Most other industries are way down and most that have a "J.O.B." (Just Over Broke) are really struggling now.
We don't know how deep this one will go, but the dumbest thing I can see, was the re-election of Gov J. Granholm in 2006. She is trying to attract new businesses to the state, but we are also competing with OH, IN and several other states for these interests. (It's not going well either)
In a nutshell, we have only 1 county that is below 6% unemployment. This is the newer "High Rent District" north of Detroit. (Oakland Co.) This area has been doing pretty well and many large corporates have relocated the HQ's to this area to get the best talent and out of "the city".
Our little town has 243 homes listed for auction from foreclosures now. If I drew a 10 mile circle around my town, the list is 2,650 homes in foreclosure at this time. In the 70's, we had a population of about 36,000 people in this zip code. Now, that number is below 27,000. Sad situation here for sure.
Swez
PS This zip has 31 listed sex offenders. (No, I'm not on that list either) Don't recognize any of the listed names either. (Imports?)
MrBrownstone on 09/11/2007 17:02:58
so I guess recruiting sex offenders is the way to expand the population there? They seem to be the only population that isn't/can't move....well, besides you, of course.
ick
swez on 09/11/2007 17:43:20
I guess so???
Having 0.1% of the population as registered perverts is probably nothing to be happy about. At least we know who they are and where they live. It's the other xx% that have yet to be found that one should be concerned about. (Won't be on that list either)
Anyway, was reading a few other comments on a MI-based forum and WOW... it's much better than CNN news for the details. It does amaze me how positive some folks are about this state. In many ways, I'd have to agree with them. In MI, we have much:
1. Two well defined seasons (Winter and road construction)
2. High unemployment #'s (Lot's in the same boat, fishing for jobs)
3. Five Great Lakes (Fresh water for all)
4. Fishing and hunting are still good (Nice revenue for the state)
5. The weather is always a topic (Don't like the weather today? Give it a few hours and things will probably change)
6. Have problems with the neighbors? (Don't fret too long as their homes are only a few missed payments away from being repo'd & empty)
7. Traffic congestion is getting better (Many have left the state already)
Am sure there are more too, but alas... going fishing. The last two trips out were pretty darn good!!!
Swez
Copyright ClubKnowledge 2009 * All Rights Reserved
