Friday, Oct 24, 2008
Detroit worst hit
guardian: For sale at $1,250: the Detroit houses behind the sub-prime disaster
Haley's firm, Prime Financial Plus, has homes on its books for as little as $649 (£416). But these tend to be in poor shape, damaged by squatters, looters and vandals. For something a little classier, buyers will need to dig deep - by writing a cheque running into four figures.
Posted by mken @ 05:30 PM (296 views) Add Comment
4 Comments
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1. planning4acrash said...
The FT is reporting 3rd quarter Volvo van orders at 150, down from 42,000 for the prior 12month period. 99.99% order DESTRUCTION! Pegeot also with catastrophic fall. The govt, after conspiring 2 jettison Sterling,were wise to insider trade & drop Rover!
2. Dbc Reed said...
It is hard to see why American property is so cheap in comparison with ours and why people still can't afford a $35,000 mortgage.There is more to the screw-up of the American economy than just the property market,it would appear.
3. Fjcruiser said...
not quite Times online reports "Total truck orders for the quarter fell 55 per cent to 32,072." but it is still a very very bad figure......
4. jonb said...
115 down from 41,970. Source is here. I have to admit I didn't believe you when you said that.