Archives for February 2008

And the Hits Just Keep Coming!

America‘s most miserable cities Add high rates of violent crime and unemployment to income taxes, commute times, weather and pollution and what do you get? Detroit. By Kurt Badenhausen, Imagine living in a city with the country’s highest violent-crime rate and second-highest unemployment rate. As an added kicker, you need more Superfund dollars allocated […]

Detroit is Still the King of the Hill

Another article, this time from the Associated Press. I have added the emphasis. Detroit had top foreclosure rate in ’07 By ALEX VEIGA, AP Business Writer Wed Feb 13, 6:28 AM ET LOS ANGELES – The Detroit area, hit hard by the double-whammy of unemployment and a slumping housing market, had the highest foreclosure rate […]

Denial is Not Just a River in Egypt

I read this article this morning. I was surprised by it because I’ve been thinking just the opposite over the last six weeks, because I’ve been seeing homeowners actually giving up and throwing in the towel because they’ve finally realized the harsh reality of this market. This article demonstrates, though, just how much further we […]