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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 (80189)	3/21/2007 3:10:05 PM
From: orkrious	Read Replies (2) \| Respond to of 110194

ork, is the housing market in Detroit bad just in the inner city, or is it affecting the metro area as well? there are less than a million people in Detroit but something like 6 million in the Detroit-Windsor area. is this broader area of suburbs really tanking? it didn't rally much during the boom years, did it? the suburbs are as bad as the city. a huge number of high-paying manufacturing jobs are gone. many, many houses have been on the market well over a year. I'd guess the average house sells for less than it would have five years ago. Some neighborhoods went up substantially in the late 90s and early 2000s, but nothing like what happened elsewhere in the country.