Comments on: Detroit House Auction Is Another Flop

By: pdsand

pdsand — Tue, 27 Oct 2009 22:30:06 +0000

Ha! You’re right. I’ve heard people complaining about “sprawl” for so long, this is finally their chance to do something about it.

By: pdsand

pdsand — Tue, 27 Oct 2009 22:27:12 +0000

Price discovery is probably one of the most important functions of the free market. In this case the headline “Detroit house auction flops for urban wasteland” shows that the market was working just fine. It’s just that the land isn’t worth anything.

By: Right of the People

Right of the People — Tue, 27 Oct 2009 18:59:51 +0000

Does this really surprise anybody? I mean WTF, it’s Detroit for heaven’s sake. Ever since they got the court ordered busing they wanted back in the 70′s and everyone who could afford to flee the city did, the entire town has been a ghetto. I grew up in Cleveland which is no bed of roses but it’s like Camelot compared to the Motor City. We used to go to the Ford Museum and Dearborn Village until about 76 but stopped going because it wasn’t safe anymore and that was over 30 years ago. It hasn’t gotten better.

By: proreason

proreason — Tue, 27 Oct 2009 18:28:34 +0000

“The whole damn country will look like Detroit soon.”

Who can doubt that Obamy favors that rather than the country we had as of June 2008?

His hatred of white free-market America is so intense, that he prefers to throw the country into poverty and ruin rather than see it continue.

By: Yarddog1

Yarddog1 — Tue, 27 Oct 2009 17:54:30 +0000

The whole damn country will look like Detroit soon.

Think of it as a mirror of things to come.

What will they do when there’s nothing left to take or tear up?

By: studmuffin

studmuffin — Tue, 27 Oct 2009 15:05:54 +0000

“Why am I competing against a bank?” he said later. “It would be common sense to have a separate process for people who want to move back to the city or it’s going to stay empty.”

Common sense? The government is trying to recover some of the money that was owed them, not create a new subsidy for home ownership in Detroit.

By: GL0120

GL0120 — Tue, 27 Oct 2009 01:08:58 +0000

I am just completely shocked, shocked, I tell you, that anyone would want to buy properties in Detroit or any other third world, er, I mean, disadvantaged area.
Soon you won’t be permitted to charge enough rent to make it worthwhile; ACORN and Bawney Fwank will crucify you for further oppressing these poor, downtrodden folks, whose only source of income is welfare and crime.
Of course, you won’t make a profit on the property, but you can be certain your tenants will when they strip everything that can possibly be sold from it.

By: U NO HOO

U NO HOO — Mon, 26 Oct 2009 23:46:00 +0000

I had fond memories of Detroit, etc., the little park by Cobo along the river.

Can’t go back again.

By: Rusty Shackleford

Rusty Shackleford — Mon, 26 Oct 2009 20:32:38 +0000

Obviously, the economy is racist. First New Orleans (“Chocolate City”) and now Detroit (“Motown”).

It’s slow….but it’s working. Yes we can!

By: proreason

proreason — Mon, 26 Oct 2009 19:46:21 +0000

I say let the mooselimbs have it.

Detroit can be the ultimate liberal paradise.

Along with Cuba.

By: Liberals Demise

Liberals Demise — Mon, 26 Oct 2009 19:36:03 +0000

You know the fix is in when the mooselimbs yield cheap territory. Must smell like rotting Capitalism to them!

By: canary

canary — Mon, 26 Oct 2009 18:31:19 +0000

The increase of violence and gangs didn’t help.

By: proreason

proreason — Mon, 26 Oct 2009 16:56:28 +0000

“It’s a ~~declining~~ dead city.”

fixed the quote

By: Rsaxon

Rsaxon — Mon, 26 Oct 2009 16:54:21 +0000

I don’t understand why the environmental brigade from the white house down to the housewife next door to me does not jump onto this as an opportunity to recover some of the nature we have destroyed over the many years of industrialism. We are heading into a new age and do not need all of these dwellings as there is nothing there to support living in them anymore….knock it down, recycle what we can of it- heck even find charities that will move houses to other areas of the US that lack in housing for low income families to save on building costs. Anything but allowing these areas to become havens for crimes and disease is a good idea.

By: Gladius et Scutum

Gladius et Scutum — Mon, 26 Oct 2009 16:23:11 +0000

Did SG actually type the words “save Detroit”? Been there? If you fly into City (not Metro) Airport, you’ll swear the planes in front of you were dropping napalm (and have been for decades). The only economy in the city is found adjacent the Windsor Tunnel (the Renaissance Center).

I strongly suspect that the “unidentified investor” willing to shell out $15,000 for a property there is an ‘insider’ who knows about some government project he can unload the properties on for a profit.

By: wirenut

wirenut — Mon, 26 Oct 2009 15:37:35 +0000

The list of victims just keeps on rising. Liberalism is the cause and the effect. Will they never learn?