Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Detroit doesn't have a crisis in the same way other cities that crashed when the bubble popped have crises.  I don't think prices within the city limits -- the $6k figure is for the City of Detroit, not the metro area -- ever got very high even during the "good" years.  They recovered a bit in the late-'90s/early-'00s before the Big Three ran into trouble, but there was never an impending crisis driven by housing.

Be nice to America. Or we'll bring democracy to your country.
by Drew J Jones (pedobear@pennstatefootball.com) on Tue May 17th, 2011 at 09:01:34 AM EST
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