Monday 26 October 2009

Urban wasteland - Detroit............from Rico

OK, so the MSM, the Red Shed (formewrly known as the White House), the Fed, the Treasury, and the National Association of Business Economists are saying that we have avoided Depression and that he Recession is over!

Go to Detroit.

Less than one-fifth of the 9,000 homes were sold for back taxes in Detroit after four days ...despite minimum bids of $500.
- At fractions of pennies on the dollar, the City of Detroit still cannot unload these properties.

Green shoots or urban wasteland?

Is Detroit just the first of many more urban wastelands that hopey-changeytude has bequethed us?

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