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

To: Les H who wrote (199327)	4/30/2009 7:08:45 PM
From: Think4Yourself	Respond to of 306849

A rather long read, but well worth the time. Bottom line is that Geithner doesn't work for the people of this country in any way, shape, or form. He works for the bond holders. Seems like a slight conflict of interest for someone in charge of the taxpayer's pursestrings.

To: Les H who wrote (199327)	5/1/2009 7:35:16 AM
From: Bank Holding Company	Respond to of 306849

That roundtable was good. Thanks Les.

To: Les H who wrote (199327)	5/1/2009 3:32:52 PM
From: Les H	Respond to of 306849

Mobile homes a catch-all as families' options come unhitched detnews.com Last week the Census Bureau reported that Americans, stranded by the collapse of the job and housing markets, are unable to move out of their circumstances in search of better opportunities. The bureau found the number of people who changed residences in the United States declined to its lowest number since 1962, when the nation had 120 million fewer people. At the same time, Metro Detroit ranked as the second most vacant area in the country in terms of living space. People aren't moving, but houses are empty. Where do the people clinging to the bottom rung go? The vast majority, according to a study by the Brookings Institution, move within their county -- whether it be into a relative's spare room, a cheaper apartment or a trailer. The Warwick is one of a half-dozen trailer parks in the Redford-Westland radius and it is full. There are at least 700 mobile home villages in Michigan, where it is estimated that 206,000 families live in a trailer. Jim Rodgers is the manager of the Warwick. Rodgers said the parks have in some ways become the middle ground of Michigan's economic crisis. Aside from the permanent resident, there is a transient population on the rebound from financial calamity and then there are those moving out who, having worked hard and saved for a home, can now afford one. The Calzodas in unit No. 31 and the Felicianos in unit No. 53 moved out last month. Rodgers keeps a drawer full of applications, mostly from people living at the Tel-96 motel, wishing to buy into those trailers, which cost $4,000 and are available on payment plan. "We're always going to be full and we're never going to be hurting," says Rodgers, 54, a former skilled tradesman at Chevy Gear and Axle who was laid-off and never called back. "This is their last step. There ain't anything lower than a mobile home park. It's next to a hotel and after a hotel, it's the streets." A little revolt is in the brewing over the rent, which rose from $300 to $330 in April. Thirty dollars may as well be $300 to some people here. Doug Noss in No. 55 is planning to quit cigarettes. "I can't afford them no more," he said. "Can you believe that? I can't afford cigarettes." Noss, 45, and his wife, Sue, moved here 11 months ago. He lost his job as a construction worker when his back gave out; she lost her job as a waitress. As a consequence they lost their home and lived in a van. Their daughter, a college student, loaned them the $4,000 for the trailer.