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Normal price? Did they have same prices prior to this crisis?

Science without religion is lame, religion without science is blind...Albert Einstein
by vbo on Tue May 17th, 2011 at 08:15:02 AM EST
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Yes.  This isn't something new. In places like Detroit and other parts of the Rust Belt, prices have been like this since the mid 1990s at least.  That's as far back as I can personally remember, but I would say that it's been even longer.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
by ManfromMiddletown (manfrommiddletown at lycos dot com) on Tue May 17th, 2011 at 08:55:42 AM EST
[ Parent ]
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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