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August 31, 2010
Home prices rise in Detroit, 16 other cities in June
Housing prices nationally and in Metro Detroit continued to rebound in June from housing crisis lows, according to a leading measure of the U.S. real estate market released today...
This is fantastic news.
January 29, 2009
Detroit's outlook falls along with home prices
The median price of a home sold in Detroit in December was $7,500, according to Realcomp, a listing service.
Here's a question. How much money do you have leftover when you buy a $7,500 house with an $8,000 tax credit?
Frequently Asked Questions
About the First-Time Home Buyer Tax Credit
How is the amount of the tax credit determined?
The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
It's actually a trick question. 10% of $7,500 is only $750. If you wanted the full $8,000 tax credit, you would have needed to do what Detroit's population has done since the 1950s. Find somewhere else to live. Sorry.
Where Americans Are Moving (Detroit)
Real Estate Newsletter Articles this Week: Existing-Home Sales Increased to
4.15 million SAAR in November
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At the Calculated Risk Real Estate Newsletter this week:
[image: Existing Home Sales]*Click on graph for larger image.*
• NAR: Existing-Home Sales Increase...
17 hours ago
11 comments:
Here's a bonus chart.
Where Americans Are Moving (Los Angeles)
Very amusing.
"It's actually a trick question. 10% of $7,500 is only $750. If you wanted the full $8,000 tax credit, you would have needed to do what Detroit's population has done since the 1950s. Find somewhere else to live. Sorry."
OUCHIE!!!!!
Still true though!
GYSC,
It honestly makes me cringe. How can I put a fair value on my house here in the Seattle area (Renton, Wa) if Detroit's housing market represents a potential maximum downside risk?
Boeing may make 40 of its 737s per month
Boeing assembles the 737 in Renton, Wash.
Cars were invented first, then planes. Right? Cringe.
10/15/2009
China wants to rival Boeing, Airbus with its C919 'big plane'
"Airplanes cost China billions of dollars every year," he said. "Since we have the capability to make them, why let foreigners earn all the money?"
Cringe.
Silverdome sells for just a tad over 500k...I know we have discussed this before, but I still can't get my mind around that.
If only there would have been some sort of tax credit for former Super Bowl hosts it may have fetched a higher price.
Maybe next time.
I believe that China can make some top end items if they want to, but I also know that they can (and do) send out some cheap a** crap.
That is one airplane that just might make for some unfriendly skys IMO.
watchtower,
Sunday! Sunday! Sunday!
We're turning the Silverdome into a giant Great Depression dust bowl!
Free admission! Got a clunker? We'll pay you cash! The demolition event is fun for the entire family! Dealerships standing by with plenty of new car inventory to get you back out on the road! 0% financing! No questions asked!
So come on down! This ain't no mama's boy Sunday Picnic!
China is stupid when it decides it has to make everything. Sure, it could maybe do it. But why not spend some of that mountain of US dollars and just buy some planes for the USA?
Instead they do this import substitution along with dollar sterilization. Its like investing your entire 401K in your employer's company stock.
I think people in China don't understand that those dollars eventually have to buy American made something.
Coba
At least China will have no problems coming across decent designs to build. Eh?
Coba,
Maybe China plans to simply burn our money, lol.
In all seriousness...
China uses cheaper labor than us, offers lower prices than us, squeezes out any of our businesses that try to compete, and attempts to offer us pretty much everything?
Where [Wal-Mart] on [Wal-Mart] earth [Wal-Mart] did [Wal-Mart] China [Wal-Mart] think [Wal-Mart] that [Wal-Mart] strategy [Wal-Mart] up?
Sigh.
dearieme,
At least China will have no problems coming across decent designs to build. Eh?
It would seem that China would only need to buy one of everything we make.
August 8, 2004
The World's Greatest Fakes
The question is: Once the Chinese know how to make an American product, what’s to stop them from copying it?
The answer?
Nothing at all.
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