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Foreclosure Spike (yikes!)
12-06-2006, 09:22 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Mar 2005
Posts: 1,733
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Looks like Detroit is a nice place to begin shopping ....
 Quote:
The Detroit, Fort Lauderdale, Fla., and Denver areas posted the nation's three highest foreclosure rates for the third quarter of 2006, replacing Indianapolis, Atlanta and Dallas, which had been the top three markets for the two previous quarters.
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http://realestate.msn.com/Buying/Art...mentid=1349839
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Re: Foreclosure Spike (yikes!)
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12-06-2006, 09:33 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 1,886
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No thank you 
I was there 2 years ago. I have seen horrible, decaying cities before, but so far nothing compares to Detroit. What a depressing place.
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Re: Foreclosure Spike (yikes!)
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12-06-2006, 09:37 AM
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#3
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Recycles dryer sheets
Join Date: Aug 2006
Posts: 369
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There are a lot of grim cities in Michigan. They haven't been able to deal with the decline of the auto companies.
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Originally Posted by Sam
No thank you
I was there 2 years ago. I have seen horrible, decaying cities before, but so far nothing compares to Detroit. What a depressing place. |
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Re: Foreclosure Spike (yikes!)
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12-06-2006, 09:52 AM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Location: DFW
Posts: 6,334
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Many cities/towns in the Midwest have never recovered from the demise of manufacturing...
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Have Funds, Will Retire
"...but do feel free to assert your duly noted opinion on this subject again without benefit of reference or provision of additional information..."
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Re: Foreclosure Spike (yikes!)
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12-06-2006, 10:04 AM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 9,174
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Quote:
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Originally Posted by HFWR
Many cities/towns in the Midwest have never recovered from the demise of manufacturing...
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Milwaukee is trying to recover, but what they're doing is throwing a lot of money at it, and that's not always the answer............ 
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Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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Re: Foreclosure Spike (yikes!)
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12-06-2006, 10:13 AM
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#6
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Give me a museum and I'll fill it. (Picasso)
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Location: DFW
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Recently, on HGTV or FLN, a program was highlighting the conversion of an historic hotel in downtown Detroit to condos. Wonder who wants to pay dearly to live in downtown Detroit...
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Have Funds, Will Retire
"...but do feel free to assert your duly noted opinion on this subject again without benefit of reference or provision of additional information..."
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Re: Foreclosure Spike (yikes!)
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12-06-2006, 10:16 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Mar 2005
Posts: 1,733
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Yup the auto industry is to Detroit what oil WAS to Dallas - and Houston. Texas has rebounded BIG ... so will Detroit - and any other mid-west city.
Need to walk the unbeaten path to succeed.
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FIRE'd since 2005
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Re: Foreclosure Spike (yikes!)
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12-06-2006, 10:19 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 1,886
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True enough. You might also consider New Orleans and Biloxi. Recovering time might be shorter.
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Re: Foreclosure Spike (yikes!)
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12-06-2006, 10:23 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 2,875
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I skip Detroit -- Fort Lauderdale or Denver-Aurora is not a bad place to live.
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May we live in peace and harmony and be free from all human sufferings.
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Re: Foreclosure Spike (yikes!)
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12-06-2006, 12:27 PM
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#10
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Apr 2003
Location: Hooverville
Posts: 10,801
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Quote:
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Originally Posted by Sam
True enough. You might also consider New Orleans and Biloxi. Recovering time might be shorter.
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Economics is one thing; geology, topography and meteorology are less easily changed. New Orleans is a wonderful place in many ways, but after I saw Katrina, I don't need any other convincing to stay away.
Ha
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Above all, humans are political animals.
Nota bene: I am either a moron or an idiot. So don't pay any attention to anything I say or you are one too. Please consult your financial advisor, astrologer or proctologist for whatever it may be that you are seeking.
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Re: Foreclosure Spike (yikes!)
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12-06-2006, 12:32 PM
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#11
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Give me a museum and I'll fill it. (Picasso)
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__________________
"And Jesus spake, 'Become thou now fishers of adjustable rate mortgages'" - New Conservative Bible
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Re: Foreclosure Spike (yikes!)
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12-06-2006, 01:07 PM
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#12
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Aug 2006
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Quote:
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Originally Posted by HaHa
Economics is one thing; geology, topography and meteorology are less easily changed. New Orleans is a wonderful place in many ways, but after I saw Katrina, I don't need any other convincing to stay away.
Ha
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So was it the fact that the French designed the city to be below sea level, or the fact that Katrina uncovered the problems in Louisiana that sold you??
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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Re: Foreclosure Spike (yikes!)
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12-06-2006, 01:43 PM
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#13
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Moderator Emeritus
Join Date: Aug 2006
Location: Greater Dayton area
Posts: 4,744
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Quote:
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Originally Posted by FinanceDude
So was it the fact that the French designed the city to be below sea level, or the fact that Katrina uncovered the problems in Louisiana that sold you??
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The French Quarter is the area that didn't flood; the original settlement was built on the highest ground they could find.
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"Knowin' no one nowhere's gonna miss us when we're gone..."
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Re: Foreclosure Spike (yikes!)
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12-06-2006, 02:46 PM
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#14
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Apr 2003
Location: Hooverville
Posts: 10,801
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Quote:
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Originally Posted by FinanceDude
So was it the fact that the French designed the city to be below sea level, or the fact that Katrina uncovered the problems in Louisiana that sold you??
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New Orleans has been sinking since it was founded. My great-great grandfather landed here and helped dig the canal.
In addition to the subsidence problem there is also the lessening of silt deposition in the delta and loss of swamp land stemming from attempts to control the Mississippi.
John McPhee has written very enlighteningly about N.O and the Delta.
Ha
__________________
Above all, humans are political animals.
Nota bene: I am either a moron or an idiot. So don't pay any attention to anything I say or you are one too. Please consult your financial advisor, astrologer or proctologist for whatever it may be that you are seeking.
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Re: Foreclosure Spike (yikes!)
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12-06-2006, 04:41 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 1,886
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Quote:
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Originally Posted by HaHa
Economics is one thing; geology, topography and meteorology are less easily changed.
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True.
Quote:
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Originally Posted by HaHa
New Orleans is a wonderful place in many ways, but after I saw Katrina, I don't need any other convincing to stay away.
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I think the majority of N.O. resident knew that the city is low before Katrina. Just like people living in Florida knew the risk of hurricanes, or Californians and earthquakes.
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Re: Foreclosure Spike (yikes!)
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12-06-2006, 04:57 PM
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#16
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Guest
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Quote:
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Originally Posted by HaHa
Economics is one thing; geology, topography and meteorology are less easily changed. New Orleans is a wonderful place in many ways, but after I saw Katrina, I don't need any other convincing to stay away.
Ha
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I think New Orleans definitely falls into the category of "A nice place to visit, but I wouldn't want to live there" 
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Re: Foreclosure Spike (yikes!)
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12-06-2006, 05:43 PM
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#17
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 10,801
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Quote:
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Originally Posted by Sam
I think the majority of N.O. resident knew that the city is low before Katrina. Just like people living in Florida knew the risk of hurricanes, or Californians and earthquakes.
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This is an interesting point. But observation as well as many studies show that what moves people to act (and me too, often enough) is not abstract or purely cognitive information, but some dramatic event or events that capture their attention and the attention of others too.
I knew a lot about New Orleans vulnerability, physical as well as social. But until I saw that stuff, I actually considered moving there because of other aspects that I like.
Ha
__________________
Above all, humans are political animals.
Nota bene: I am either a moron or an idiot. So don't pay any attention to anything I say or you are one too. Please consult your financial advisor, astrologer or proctologist for whatever it may be that you are seeking.
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Re: Foreclosure Spike (yikes!)
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12-07-2006, 06:48 AM
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#18
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Mar 2003
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Quote:
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Originally Posted by HaHa
I knew a lot about New Orleans vulnerability, physical as well as social. But until I saw that stuff, I actually considered moving there because of other aspects that I like.
Ha
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Let me guess: lots of strippers and good food.
__________________
"And Jesus spake, 'Become thou now fishers of adjustable rate mortgages'" - New Conservative Bible
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