The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: MoneyPenny who wrote (60200)	8/18/2006 9:56:46 PM
From: orkrious	Read Replies (1) of 306849

I might just yet get my Birmingham townhouse, but of course, with the declining economic base, it will probably lose its appeal. In most areas of Birmingham you can go down a street and see 25% of the houses for sale. Given the revenue sharing (where the cities have to give a certain percentage of their school taxes back to the State to be redistributed) the Birmingham school system has financial problems. Birmingham still commands a premium, but a lot of people question its value. I haven't bought a Detroit car in over 20 years. The last one I owned was a total piece of shit. The quality gap has narrowed, but it's still a mile wide.

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