  Sean_of_detroit Member Username: Sean_of_detroit Post Number: 180 Registered: 03-2008 |
Intro Excerpt: "It's no secret that homeowners with subprime mortgages have taken a beating. Next up: those who have combined their mortgages with home equity loans, second loans or both. These combinations spell especially bad news for homeowners in Sacramento, Calif., San Diego, Washington, D.C., and Colorado Springs, Colo., markets with some of the nation's highest concentrations of homeowner debt. In these spots, prices are dropping, making it very difficult for homeowners to refinance as lenders are reluctant to take on risk. Denver, Minneapolis, Los Angeles, Boise, Idaho, Las Vegas, and Madison, Wis. round out the top 10. " Detroit's mentioned in there to. This is a national thing though. Link: http://promo.realestate.yahoo. com/worst-cities-for-homeowner -debt.html | ||
Detroitrise Member Username: Detroitrise Post Number: 2025 Registered: 09-2007 |
Now, the one list I would expect Detroit to rank high and we're not even in the top 10. Go figure...  (Message edited by DetroitRise on April 28, 2008) | ||
Focusonthed Member Username: Focusonthed Post Number: 1808 Registered: 02-2006 |
Detroit is actually not a bad place for homeowners, since the prices are so low. It's a horrible place for home SELLERS though, lol. | ||
Ray1936 Member Username: Ray1936 Post Number: 3065 Registered: 01-2005 |
I dunno. I think the people who come up with these "best" and "worst" lists need to get a life. |
