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Really? Detroit stadium a 99% loss

November 20th, 2009, 6:00 pm · 3 Comments · posted by Jon Lansner

really

Real estate news and views from around the globe that make you go, “Really?”

Where else but …

  • FUMBLE: Football stadium near Detroit a 99% loss for city (istockanalyst) MORE HERE!
  • OUCH! GM job shift would add to downtown Detroit woes (Detroit Free Press) MORE HERE!
  • SUPPLY: Fewer homes unsold in Detroit area (Detroit Free Press) MORE HERE!
  • BETTER: Michigan foreclosures decline slightly for October (MLive.com) MORE HERE!
  • PUZZLE: Michigan’s young people: To stay or not to stay? (MLive.com) MORE HERE!
Posted in: Odds & ends • •
 
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 3 Comments

  • Tex says:
    November 21, 2009 at 5 am

    IRT: Michigan’s young people: To stay or not to stay?
    Top 10 Worst, Best States for Unemployment
    http://abcnews.go.com/Business/top-10-worst-best-states-unemployment/story?id=9138320
    (excerpts):
    The 10 states with the highest unemployment rates, by percentage, are:
    1. Michigan 15.1
    2. Nevada 13.0
    3. Rhode Island 12.9
    4. California 12.5
    5. South Carolina 12.1
    6. Oregon 11.3
    7. Florida 11.2
    8. Kentucky 11.2
    9. Illinois 11.0
    10. North Carolina 11.0
    The unemployment rate in Washington, D.C., also ranks among the highest at 11.9 percent.

    The 10 states with the lowest unemployment rates, by percentage, are:
    1. North Dakota 4.2
    2. Nebraska 4.9
    3. South Dakota 5.0
    4. Montana 6.4
    5. Vermont 6.5
    6. Utah 6.5
    7. Virginia 6.6
    8. Iowa 6.7
    9. New Hampshire 6.8
    10. Kansas 6.8

  • meltdown says:
    November 21, 2009 at 11 pm

    90%. thats pretty crazy.

    I know there was an article posted here about how some investors picked up some condos in FL for around 90% off. If this becomes more common we might have to start a club or some association for the speculators that gave it their best shot and lost 90%. They’ll get free tshirts hats or some razorblades. Kinda like in Vegas where they always comp the loosers. Discounts on rooms, meals etc. Its only right you give a little back.

  • fcprop says:
    November 22, 2009 at 7 am

    Maybe some of these educated students will make there way to OC or California in general. Even though our unemployment rate’s are high also, it would be nice to try and offset the amount of illegals we have or will have..