We're number 1 - again

Yea team! Detroit is number one on yet another top ten (or whatever) list - this one for the metro areas in America where home prices have dropped the most. Read the story from Business Week at http://tiny.cc/lpDGS . I'm not sure whether this is good or bad. It's bad because so much value has been lost, but it's good because housing is now so affordable. Of course one has to have job to be able to afford a house and that's still a problem in Michigan where unemployment is now above 12%.

After a while it gets to be weary to read time-after-time how bad things are in the area where you live. Locally, we have the amusing Monica Conyers vs. Ken Cockrel battle over the Detroit City Council President's job to watch unfold. The ever popular wife of Congressman John Conyers is working hard to keep us all laughing. Throw in Oakland County's always-ready-with-a-quip L. Brooks Patterson and you have a Three Stooges meet the Keystone Cops movie waiting to be made. In business the daily drama of the struggling automotive companies plays out across our TV's and keeps us guessing. And then we have the Red Wings to keep us on the edges of our seats in sports. Of course the Lions are always good for a chuckle, too; but we're concerned about the future of the Pistons. So we have things to focus upon, other than just housing problems.

So, we're number one in housing value losses. Tell us something that we didn't already know. We're beyond that. We've moved on. We're ready for our recovery or our bailout or both. Next!