Foreclosure fallout: Houses go for a $1

[Lunican]

Foreclosure fallout: Houses go for a $1

Ron French / The Detroit News

DETROIT -- One dollar can get you a large soda at McDonald's, a used VHS movie at 7-Eleven or a house in Detroit.

The fact that a home on the city's east side was listed for $1 recently shows how depressed the real estate market has become in one of America's poorest big cities.

And it still took 19 days to find a buyer.

Full Article:
http://www.detnews.com/apps/pbcs.dll/article?AID=/20080813/METRO/808130360/&imw=Y

[RiversideGator]

You would have to pay most people to live in Detroit.  Their incompetent and corrupt government is why people will not take free homes even.

BTW Stephen, no comparison whatsoever between Detroit and Boca Raton.

[RiversideGator]

Uhh.  Take a look at the local Detroit city government...

[civil42806]

"Perfect right wing model.
Too underfunded to do anything, too inefficient and ineffective to make a difference.

government you could drown in a bathtub."

Ummmmmmm Detroit, right wing model?, I believe you need to revisit that

[gatorback]

I agree stephen, detroit got the tripple wammy.  1) NAFT, 2) Mortgage crisis, 3) Global Cooling.

If I had a job and some money why would I want to move there.  It's to cold.

People just don't want to live there.  Like Baffalo.  Where pops came from.  He hated it there.

[civil42806]

Detroit was dying long before Nafta was passed.  It has had corrupt and incompetent government for decades.  The riots in the late 60's  really accelerated the decline, the rigid union rules for the auto industry as well as the lack of innovation and agressive engineering didn't help as well.  Toyota and Honda somehow manage to build cars that people want  and at a profit in the us.  The suburbs of Detroit are still doing fairly well.

[RiversideGator]

Uhh.  Take a look at the local Detroit city government...

Perfect right wing model.
Too underfunded to do anything, too inefficient and ineffective to make a difference.

government you could drown in a bathtub.

Perhaps you should speak to your fellow Democrats then who have controlled Detroit city government for decades.

[civil42806]

Stephen,

    It is not a requirement to live there to state what the condition the city is in or how long it has been that way.  Do a google, Nafta wasn't passed until the 90's trust me the city has been declining for far longer than that.   The city has not been ruled by the massive right wing conspiracy, the city government has been a true reflection of the population.

[civil42806]

In fact heres a nice little link that graphically shows the decline over the past 50 years

http://www.somacon.com/p469.php

[Doctor_K]

RSG got the Democrat part right, anyway:
http://en.wikipedia.org/wiki/List_of_mayors_of_Detroit,_Michigan

Louis Mariani was the last Republican to be Mayor of Detroit, from 1957 to 1962, and even then he ran as 'non-partisan' rather than under either major political party.  Albert Cobo served before him, from 1950-1957; also a Republican.

Starting in 1962 with Jerome Cavanaugh, then Gribbs, Young, Archer, and now Kilpatrick, the mayors have been Democrats.
Detroit has what Wikipedia calls a strong mayor-council civic government:

http://en.wikipedia.org/wiki/Mayor-council_government
The strong-mayor form of mayor-council government consists of a popularly elected executive branch and a legislative branch, usually a city mayor and city council respectively.[2] In the strong-mayor form the mayor is given almost total administrative authority and a clear, wide range of political independence, with the power to appoint and dismiss department heads without council approval and little public input

Not to mention:

http://en.wikipedia.org/wiki/Detroit
According to a study released by the Bay Area Center for Voting Research, Detroit is the most liberal large city in America, measuring only the percentage of city residents who voted for the Democratic Party.

Civil mentioned that the Detroit city government is a true reflection of the population is right on.

Not that this nor any of the last dozen or so posts talks about (presumably) single-family homes foreclosed for a dollar, but whatever.

[civil42806]

Yeah these posts do seem to take a stream of conciousness turn don't they

[uptowngirl]

Where are the $1 houses? I have not been able to find any here....

[RiversideGator]

Uhh.  Take a look at the local Detroit city government...

Perfect right wing model.
Too underfunded to do anything, too inefficient and ineffective to make a difference.

government you could drown in a bathtub.

Perhaps you should speak to your fellow Democrats then who have controlled Detroit city government for decades.

seriously?

Are you retarded, River?  Or just too bloody lazy to read any of the posts on this site?

Are you too uneducated and ill-informed to make a point without hurling a personal insult?  Seriously.

[RiversideGator]

Doctor:  My point was that the poor governance in Detroit is exactly why houses sell for $1 now there.  No one wants to live in this city which is totally controlled by Democrats and has been for 40+ years.  It is the logical conclusion of liberalism - a dangerous, (near) shanty town hostile to business (as is the state at large) and hemorrhaging business and people.  Coming soon to a city near you...

Now, you can state also that Detroit has been hit by loss of auto jobs and it has.  It also had bad weather.  However, other cities have been hit by a loss of industry and bad weather and have managed to survive and even prosper.

[gatorback]

The Bushes and Cheneyes of the current regime?