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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (26671)	2/17/2005 6:59:22 PM
From: orkrious	Respond to of 110194

there is no question that detroit doesn't have the "mecca" properties of CA, FL, or the northeast. it is certain though that we have had a RE "bubble," just not as large as the rest of the country. I don't believe detroit's (the city's) problems have contributed to our "bubble" getting popped before the hotter areas of the country. although the area is far more diversified from the auto industry than it was 25 years ago, there is no question that the auto companies' problems have had a constraining effect on the local RE market. I don't think this alone has done it. I suspect there are plenty of other cities where the "bursting" has begun. like here, it's just not widely known yet.