  Jz_detroit Member Username: Jz_detroit Post Number: 28 Registered: 12-2005 |
I hope it only gets better!!!! http://money.cnn.com/2007/08/1 4/real_estate/California_citie s_lead_foreclosure/index.htm?p ostversion=2007081411 | ||
Johnlodge Member Username: Johnlodge Post Number: 1776 Registered: 10-2003 |
I've noticed the For Sale signs dissapearing here in Ferndale. There were quite a few for awhile, but they seem to be dropping like flies. Hopefully a sign of improvement. | ||
Detroit_stylin Member Username: Detroit_stylin Post Number: 4694 Registered: 10-2003 |
Interesting City comparison stats: http://money.cnn.com/magazines /moneymag/bplive/2007/snapshot s/PL2622000.html | ||
Mikeg Member Username: Mikeg Post Number: 1073 Registered: 12-2005 |
quote: Most likely because the listing agreement term has expired and the seller is looking for a new real estate agent. | ||
Johnlodge Member Username: Johnlodge Post Number: 1777 Registered: 10-2003 |
Assumptions. | ||
Lilpup Member Username: Lilpup Post Number: 2602 Registered: 06-2004 |
wow, some interesting numbers there D'stylin Looking at that it seems we have a lot more leisure time and disposable income than the average "best place to live," and our property crime is a lot lower! | ||
Apbest Member Username: Apbest Post Number: 607 Registered: 03-2006 |
Look at #25 - Warren/Farmington Hills/Troy Any other big city metros on the list twice? | ||
Bibs Member Username: Bibs Post Number: 701 Registered: 10-2003 |
Drove up to Manistee and then on to Traverse city. For Sales signs were in abundance btwn the two cities and it just wasn't the low end of the market either. | ||
Dsmith Member Username: Dsmith Post Number: 124 Registered: 07-2005 |
The finest site for housing data: www.housingtracker.net It's ugly. | ||
Detroitrulez Member Username: Detroitrulez Post Number: 345 Registered: 12-2006 |
quote: This is interesting.....as as been widely trumpeted, Las Vegas has been in hyper-growth status for the past few years...rapidly expanding. Detroit...um...not so much. Nevertheless, both cities are right up there at the top....but the back stories behind the statistics are like apples and oranges. One in every 29 households. wow. | ||
Johnlodge Member Username: Johnlodge Post Number: 1802 Registered: 10-2003 |
I got a fixed rate mortgage when I bought my house. I thought it was silly to get something that could go higher over time. I suppose there are reasons to do that? Assuming you are going to be making more money later? I'm no expert. I knew I could afford what I got, and felt comfortable knowing it wouldn't change. What's the story, those in the know? | ||
Cambrian Member Username: Cambrian Post Number: 1461 Registered: 08-2006 |
All the for sale signs were gone on my street. A house that was bought by a "flipper" just got put on the market, and there are people looking at it. Signs for careful optimism. | ||
Johnlodge Member Username: Johnlodge Post Number: 1805 Registered: 10-2003 |
What area Cam? | ||
Cambrian Member Username: Cambrian Post Number: 1462 Registered: 08-2006 |
Hazel Park. | ||
Johnlodge Member Username: Johnlodge Post Number: 1806 Registered: 10-2003 |
Interesting. Warning, this next comment is pure speculation: Perhaps there really is a trend to move back to the inner ring burbs, at least where you and I live. You can get decent SF houses for a great price in a walkable neighborhood and nearby downtown centers. | ||
Cambrian Member Username: Cambrian Post Number: 1463 Registered: 08-2006 |
You get a lot for your money where I live. My street is pretty nice. The one to the east of me has more for sale signs 'cause the homes are on a crawlspace. My street has more homes with basements, and it's north of 9, which people seem to like. I'm right by the race track. The house that's getting the looks is a renovated two bedroom with out garage, but with basement for 89k. same couple looked at it twice, the second time they brough the mother n law. A good sign. (Message edited by cambrian on August 15, 2007) | ||
Johnlodge Member Username: Johnlodge Post Number: 1809 Registered: 10-2003 |
Indeed, the mother in law is a good sign. The second time I looked at my house, I brought pops. His endorsement sealed the deal. | ||
Rocket_city Member Username: Rocket_city Post Number: 353 Registered: 04-2006 |
That's my train of thought too, John. I think of the region as one big, connected whole, and it seems like in difficult times like these, you get more resource for your dollar when you live in a vibrant, traditional neighborhood as opposed to a resource-depleting exurb. As Oakland County is Detroit, I'd like to see it capitalize more on promoting its traditional communities as highly desirable places for everyone to live...particularly the wealthy who tend to purchase the McMansions in cow pastures 1, 2, and 3. Birmingham is a good example of the wealthy buying into the traditional style. And to be absolutely clear, I'm not saying I want to see all communities turn into a priced-out Birmingham, I'm just saying that Birmingham is proof that people with money and families can live in the traditional neighborhood, which in this region has more of an image of blue collar and middle class. Demographic diversity is what makes a great community. Anyway, I guess we still have a ways to go regarding the foreclosure rates, though. | ||
Johnlodge Member Username: Johnlodge Post Number: 1811 Registered: 10-2003 |
Birmingham and Royal Oak's transformations come from a desire for places like that. They didn't exist, but people started to want them, developers recognized it, and capitalized. I keep saying it, I think people are looking back towards being near a nice urban center, but they aren't willing to move to Detroit. Well, some are, obviously, looking at all the developments there. But those that aren't are revisiting the Royal Oaks and Birminghams and even Plymouths and redeveloping. | ||
Rocket_city Member Username: Rocket_city Post Number: 355 Registered: 04-2006 |
Exactly, and I think that's good for the region and especially good for Oakland County. Populating that type of "land use" for lack of a better term, positions the region to think and act together in cooperation...at least better than having a situation with one end of the geography being of the traditional mindset and another extreme being of the exclusionist, exurban mindset. | ||
Detroitrulez Member Username: Detroitrulez Post Number: 348 Registered: 12-2006 |
bump! meltdown city here we come! | ||
Quozl Member Username: Quozl Post Number: 1198 Registered: 07-2005 |
Ok Detroitrulez, Meltdown City it is. |
