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3 Responses to “Detroit family homes sell for just $10 - Telegraph”
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April 16th, 2010 at 5:36 am
While the press has not discussed it, Obama’s health care bill will force unaffordable health insurance costs on Americans that will disqualify millions of home buyers getting home mortgages. Many homeowners will not be able to pay both forced health insurance costs and their mortgage. Obama claims he wants to stop the huge number of home foreclosures, but costs of forced health insurance will destroy most Americans’ largest single asset and their dreams of owning something; mandated health insurance will increasingly cost more, disqualify home buyers getting loans. That could prove disastrous for banks because qualified mortgage borrowers are needed to stabilize home values that now secure $Trillions in bank held mortgages. Is Obama trying to economically collapse America?
Falling home prices are now causing County Governments to increasingly realize less collected property taxes; forcing counties to layoff government employees to meet expanding budget restrictions.
July 1st, 2010 at 3:39 am
Great blog!
July 1st, 2010 at 10:00 am
I am sitting here right now in Detroit Michigan. I was born and raised here, and its not as bad as everyone makes it out to be, yes there’s a small few streets in the inner city that are bad but like it says squatters and crack heads are there just like any inner city in any state. Drive a few miles away from the city and its absolutely beautiful and full of great safe family neighborhoods, AS for being the murder capitol of the world this is not true either , that once was a stigma many many years ago but is not true any more, or has been true for a long time, I wish people would just let it go and forget it. Those ten dollar houses should be torn down not sold, dont think its a deal to find a free house , the city should tear them down and since the bank took it away from the homeowners illegally they should pay to tear them down, there’s millions of happy people here in Detroit, dont let the negative news tell you how the world is, there is good every where, like here.