What a quote!
Chicago Tribune:via The Big PictureThe median price of a home sold in Detroit in December was $7,500, according to Realcomp, a listing service.
Not $75,000. Remove a zero—it’s seven thousand five hundred dollars, substantially less than the lowest-price car on the new-car market.
On a positive note, Detroit’s homicide rate dropped 14 percent last year. That prompted mayoral candidate Stanley Christmas to tell the Detroit News recently, “I don’t mean to be sarcastic, but there just isn’t anyone left to kill” …
John Mogk, a professor at Wayne State University Law School: “A thousand people are leaving the city every month and the city does not have the financial resources and the economic base to solve its own problems.”
Wow. Maybe I should move to Detroit. Low housing prices and I can give the Detroit thugs some of the target practice they have been missing.
