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Houses for $ 500 in Detroit, but no takers

Posted by Greg L on October 27, 2009 · Leave a Comment

They’re auctioning houses in Detroit for $ 500 and still have no takers. It’s almost as if something like Katrina has hit Detroit. This article is from Reuters. Detroit house auction flops for urban wasteland By Kevin Krolicki DETROIT (Reuters) – In a crowded ballroom next to a bankrupt casino, what remains of the Detroit … Continue reading →

Filed under Economics, Financial Crisis, Politics · Tagged with Detroit, Financial Crisis, Foreclosures, real estate

Detroiters are having a problem burying their dead

Posted by Greg L on October 8, 2009 · Leave a Comment

This article was suggested to me by one of my blog’s readers (Fabian Moriah). It speaks volumes about the impact of the recession/depression through a different lens; that being how the dead are being handled. As I mentioned in a previous post, the fallout from our economic malaise has been particularly difficult for Michigan and … Continue reading →

Filed under Economics, Financial Crisis · Tagged with Detroit, Financial Crisis, unclaimed dead

“If we remain poor and dependent, the riches of other men will not avail us. If we are ignorant, the intelligence of other men will do but little for us. If we are foolish, the wisdom of other men will not guide us. If we are wasteful of time and money, the economy of other men will only make our destitution the more disgraceful and hurtful. “
Frederick Douglass
“If you form the habit of going by what you hear others say about someone, or going by what others think about someone, instead of searching that thing out for yourself and seeing for yourself, you will be walking west when you think you’re going east, and you will be walking east when you think you’re going west. This generation, especially of our people, has a burden, more so than any other time in history. The most important thing we can learn to do today is think for ourselves.”
Malcolm X
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Houses for $ 500 in Detroit, but no takers

Detroiters are having a problem burying their dead

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