Detroit was just an example, there are thousands of properties
throughout all states at $100 or less and it's not down to anyone at a
local level the whole sub prime problem was identified a couple of years
ago but ignored as it would be bad politics to say to people "no you
can't buy your own homes" even if you are a ninja (No Income, No Job or
Assets)...




-----Original Message-----
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On
Behalf Of Pete Theisen
Sent: 04 March 2008 00:47
To: ProFox Email List
Subject: Re: [OT] - Greed is good

On Monday 03 March 2008 01:14, Adam Buckland wrote:

Hi Adam!

Detroit has some beautiful properties, these however, are the extreme
low end. 
Neither HW or GW Bush had anything to do with the decline and fall of
Detroit 
however. That honor goes to "his honor", Coleman Young.

I lived in Detroit and I remember CY's platform to become mayor. His
campaign 
blared it out with sound trucks up and down the streets: "Coleman Young,

Black Man! Coleman Young, Black Man!"

Once elected he used his office primarily for his own pleasure and 
entertainment - fiddling while Detroit burned, literally. Hoards of
black 
youths roamed the streets entertaining themselves by setting houses on
fire, 
and then throwing stones and even shooting at the firefighters.

Dennis Archer tried to fix it, but it was too late.

> Otherwise we wouldn't have all this cheap housing.... Thank GWB
> http://www.realtor.com/search/searchresults.aspx?ctid=2959&mxp=2&typ=7
-- 
Regards,

Pete
http://www.pete-theisen.com/


[excessive quoting removed by server]

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