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Economic Devastation

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  • Economic Devastation

    Video shows 137 pages of foreclosures in a single county of Detroit, MI even before the big three automakers fail, assuming they do.


    Hat tip to Mega for the video


    Is this the future of many industrial areas of the US?









    Ed.

  • #2
    Re: Economic Devastation

    Countrywide (BoA) owns 1200 houses in Michigan, according to the database on their official website.

    BoA owns another 200 on top of that, according to their database.

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    • #3
      Re: Economic Devastation

      As powerful as these pictures are, apparently from the old USSR , they're nothing new to what's been happening in America since the 70s.

      Remember the for-the-most-part blithely accepted 'rust belt cities'. If it wasn't you, too bad, so sad. Subsequently portions of our country have slipped into one form or another of social barbarism.

      I guess the point I'm trying to make is there's been both a long quantitative history to these events, with a powerful qualitative change now apparently unfolding.

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