Wednesday, May 26, 2010
Destructive force of economics
Citywire: Want to know what a real house price crash looks like?
Detroit is being effectivly, destroyed... What’s interesting about Detroit’s immediate future is how the economics of two failing markets, the American car industry and the debt-driven housing market, will physically re-shape a major US city; passing through like a plague, ravaging it, shrinking it by half.
Posted by smithers @ 08:47 AM (302 views) Add Comment
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