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Old 07-25-2008, 08:42 AM   #21
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The threat or actuality of mortgage rates rising in our area usually results in buyers who have been sitting on the sidelines coming out of the woodwork to beat the increase--bring them on (and the corresponding increase in mm rates, CDs, etc.).
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Old 07-25-2008, 09:37 AM   #22
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Now that's shocking

Quote:
Originally Posted by Marquette View Post
I'll see you a Danville, VA and raise you a Detroit, MI

3,700 properties under $10k
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Old 07-25-2008, 10:51 AM   #23
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Quote:
Originally Posted by Marquette View Post
I'll see you a Danville, VA and raise you a Detroit, MI

3,700 properties under $10k
...and a long long time ago in a galaxy far, far away, I remember a newbie on this board suggesting that the massive influx of foreign-made goods might actually have an negative impact on our domestic economy, especially the automotive industry. But of course, that lone voice in the wilderness was shouted down over cries of "I don't really care where the products I buy come from" from the enlightened masses. Anyone else wonder how many of those homes were owned by displaced autoworkers? ...sigh.
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Old 07-25-2008, 11:00 AM   #24
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Anyone else wonder how many of those homes were owned by displaced autoworkers? ...sigh.
Then shouldn't you be demanding that we buy products from the companies that employ the fewest robots instead? There's a plant in Lansing that was closed as an Olds plant and reopened as (I think) a Saturn plant... but with a fraction of the workers since everything was robotic.

Since my car was made in the US (It's a Honda Accord!), I don't see what the issue is.... of course, you were the one getting mad over people buying nice domestically-built cars like the Accord.
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Old 07-25-2008, 11:05 AM   #25
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Nah, I'm over it...mostly.
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Old 07-25-2008, 12:29 PM   #26
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Flint and Detroit Michigan aren't particularly known for their outstanding real estate demand and real estate appreciation anyway, but Detroit's real estate prices... just wow.

Couldn't believe it at first so I zillowed Detroit. Being from the northeast, it is staggeringly depressing.
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Old 07-25-2008, 12:52 PM   #27
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Detroit was pretty depressing when I drove through it once 25 years ago.. I can barely imagine now.
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Old 07-25-2008, 01:19 PM   #28
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some current florida medium prices:

a house

in cape coral $172,400
in titusville $166,400
in punta gorda $141,000

a condo

in port st. lucie $165,000
in west palm beach $153,000
in melbourne $147,300
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Old 07-25-2008, 01:27 PM   #29
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My wife's home town, Rudyard where the median price for a house is 17,500. It is 110 miles to the nearest Starbucks
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