Tuesday, January 27, 2009
depression
Wheeee!
An amazing snapshot of the devolution:
Just found this one too from Michigan:
posted by Scats : 1/27/2009 10:47:00 AM
A new UN report has revealed major US cities, including New York, Washington, Atlanta and New Orleans, have levels of economic inequality that rival cities in Africa. The [Organisation for] Economic Co-operation and Development found the US had the highest inequality and poverty after Mexico and Turkey, and the gap has increased rapidly since 2000.
An amazing snapshot of the devolution:
Detroit real estate agent Ian Mason has sold homes for $1.
When I asked him to check the listings for other properties at that price, he found four more.
He then took me to a white, clapboard-sided house that his company, Bearing Group Real Estate Brokerage, has listed.
"If you want this house, you can have it," he said. "I'll just give it to you."
"I'm not allowed to accept anything of value from a source," I told him.
"Who said I was giving you anything of value?" he replied.
Earlier in the day, I'd previewed the North American International Auto Show, where the car of the year was a Hyundai. A Hyundai Genesis, to be precise, with an MSRP of $37,250. Here, even a Kia or a Pontiac listed for $16,000.
By contrast, the median price of a home sold in Detroit last month was $7,500, according to Realcomp, a Farmington Hills, Mich., multiple-listing service, down 50 percent from last year.
Mason counted 1,228 homes listed for under $10,000, 209 of which were under $1,000.
Just found this one too from Michigan:
A 93-year-old man froze to death inside his home just days after the municipal power company restricted his use of electricity because of unpaid bills, officials said.
posted by Scats : 1/27/2009 10:47:00 AM
