Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Koligman who wrote (119236)	4/29/2008 12:15:11 PM
From: Jim McMannis	Respond to of 306849

Obviously all markets are local. Some will correct more than others. OTOH, few dreamed of a 50% correction in south Florida 2 years ago. The amazing thing is the denial still going on.

To: John Koligman who wrote (119236)	4/29/2008 12:24:26 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 306849

You are right about Detroit. Wayne county, which contains Detroit, shows up near the top of nearly every bad national list (crime, poverty, unemployment, corruption, etc). Oakland County, which is right next door and where I live, is one of the richest counties in the nation, and houses a high percentage of the "brains" of the US auto industry. It is no coincidence that we also have a very high percentage of citizens here with CPL's (Concealed Pistol License). Anyone who thinks citizens shouldn't be allowed to pack should walk around some of the badder areas of Detroit after dark. You will change your tune very quickly, IF you survive.