European Tribune - Comments - European Salon de News, Discussion et Klatsch

European Salon de News, Discussion et Klatsch - 9 February | 107 comments (107 topical, 0 editorial, 0 hidden)

I heard that Michigan was offering 2,000$ per person whose houses had been illegally repossessed

by stevesim on Wed Feb 8th, 2012 at 04:35:36 PM EST
[ Parent ]

Whole zip codes in Detroit have average home values under $12,000. How is that for devastation?

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Feb 8th, 2012 at 04:54:32 PM EST
[ Parent ]

Re: Economy and Finance (none / 0)

wow.

by stevesim on Wed Feb 8th, 2012 at 05:01:19 PM EST
[ Parent ]

Re: Economy and Finance (none / 1)

$12,000 to a guy with a tin cup is a lot of bread.

In the end, might makes right. Nothing has changed since the caveman.

by THE Twank (yatta blah blah @ blah.com) on Thu Feb 9th, 2012 at 10:13:09 AM EST
[ Parent ]

Re: Economy and Finance (none / 0)

Seriously? That seems quite impossible. My first real estate purchase was a small, three bedroom house in San Jose. I paid $32,500 for it and thought it was a bloody fortune. That was in 1973.

by sgr2 on Thu Feb 9th, 2012 at 03:14:54 PM EST
[ Parent ]

Re: Economy and Finance (4.00 / 2)

See Detroit real estate ads

$10,000 18645 Sussex St, Detroit MI
3 br / 1 full, 1 partial ba / 1,167 sqft / $9/sqft
Single-Family Home
$8,000 3288 W Grand St, Detroit MI
4 br / 2 ba / 2,000 sqft / $5/sqft
Multi-Family Home
$5,000 12085 Minock St, Detroit MI
2 br / 1 ba / 701 sqft / $14/sqft
Single-Family Home
$4,000 5324 Larchmont St, Detroit MI
3 br / 1 ba / 1,000 sqft / $4/sqft
Single-Family Home

by gk (g k quattro due due sette "at" gmail.com) on Thu Feb 9th, 2012 at 03:38:13 PM EST
[ Parent ]

Re: Economy and Finance (none / 0)

Thanks for posting the link so I could see for myself. Amazing. Truly amazing. And incredibly sad for the community and folks who previously purchased these properties.

by sgr2 on Thu Feb 9th, 2012 at 04:21:25 PM EST
[ Parent ]

Re: Economy and Finance (none / 1)

Detroit was fucked by the late 60's riots, and then got an incredibly damaging and useless mayor. The city never recovered.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Thu Feb 9th, 2012 at 06:20:20 PM EST
[ Parent ]

Re: Economy and Finance (none / 1)

check out the pics on google maps.

they look nice and cute and maintained.

so sad.

by stevesim on Thu Feb 9th, 2012 at 04:24:39 PM EST
[ Parent ]

European Salon de News, Discussion et Klatsch - 9 February | 107 comments (107 topical, 0 editorial, 0 hidden)

. Home
. About
. Contact
. New User Guide
. FAQ
. ET Editorial Guidelines
. Search
. Search (Google)

Username:
Password:

. Make a new account
. Reset password

Recommended Diaries

Socratic Economics XII: Utopian Government Finance
by Zwackus - May 25
271 comments

A Star is Born
by ChrisCook - May 23
23 comments

The French newspaper Le Monde reports 1.5 million living the...
by Democrats Ramshield - May 27
8 comments

$1,000,000,000,00
0 or what we must remember
by Metatone - May 19
69 comments

The balance of anger and fear
by Frank Schnittger - May 17
44 comments

Stable pricing is to metaphysics as variable pricing is to...
by Upstate NY - May 16
8 comments

Another NRW election
by DoDo - May 13
118 comments

Bundesrat saves PV (and loses Röttgen)
by DoDo - May 12
18 comments

Recent Diaries

The French newspaper Le Monde reports 1.5 million living the...
by Democrats Ramshield - May 27
8 comments

Socratic Economics XII: Utopian Government Finance
by Zwackus - May 25
271 comments

A Star is Born
by ChrisCook - May 23
23 comments

$1,000,000,000,00
0 or what we must remember
by Metatone - May 19
69 comments

The balance of anger and fear
by Frank Schnittger - May 17
44 comments

Stable pricing is to metaphysics as variable pricing is to...
by Upstate NY - May 16
8 comments

A little American intercine battling
by rootless2 - May 14
27 comments

Another NRW election
by DoDo - May 13
118 comments

Bundesrat saves PV (and loses Röttgen)
by DoDo - May 12
18 comments

The mainstream German Magazine Spiegel asks, has the US mixed ...
by Democrats Ramshield - May 10
27 comments

Short Term Climate Forces: Black Carbon, Methane, and...
by gmoke - May 9

Twenty days of Crisis for Cameron
by ceebs - May 9
22 comments

SYRIZA and the Eurocrats: a letter of intent
by talos - May 9
363 comments

French Parliamentary Elections: a look under the hood
by Bernard - May 8
59 comments

Why haven't we had WWIII yet?
by Migeru - Apr 30
258 comments

More Diaries...

Occasional Series

Click for full list