Does anyone care that the state of Michigan has the highest bankrupcy and foreclosure rate in the nation?

Question

And highest unemployment rate.....Just read in the Wall Street
Journal Thursday that the cities of Detroit, entire Detroit metro,
Oakland county, Saginaw, Flint, Jackson, Ann Arbor, and Jackson
have the highest foreclosure and bankruptcy rates in the entire NATION! Yet I never hear this in the national news! I live in Chicago, almost right next door, and If I didn't read this I would not
have any idea this is happening.
Now the auto industry just announced 100,000 jobs cut, mostly
in the Michigan area. Whats going on here? Do they expect everyone to work at casinos dealing blackjack and tending bar?
Is that the only hope? Go to Vegas or something?
Does anyone in Michigan even give a s h i t?
If I were you folks I would march enmasse to Lansing and demand
what in God's name is going on! I would send a petition to impeach
Jennifer Granholm, your Canadian governor, immediately, and send her back to Vancouver where she belongs!

Michigan currently has the highest new foreclosure rate per household,
with one in every 1,085 homes currently in foreclosure. This marks
the highest foreclosure rate for a state this year.

MICHIGAN RHODE ISLAND
Active Properties: 5,863 Active Properties: 8,900 Active Properties: 87
New Foreclosures: 1,364 New Foreclosures: 3,490 New Foreclosures: 26

CONNECTICUT MINNESOTA SOUTH CAROLINA
Active Properties: 167 Active Properties: 1,462 Active
New Foreclosures: 54 New Foreclosures: 472 Properties: 1,810
New Foreclosures: 735

DELAWARE MISSISSIPPI SOUTH DAKOTA
Active Properties: 69 Active Properties: 662 Active Properties: 83
New Foreclosures: 27 New Foreclosures: 261 New Foreclosures: 34

Compare the states, and see what I'm talking about, folks.

Michigan is fried beyond belief!

http://www.prnewstoday.com/release.htm?cat=real-estate&dat=20060808&rl=CGTU02708082006-1

http://www.prnewstoday.com/release.htm?cat=real-estate&dat=20060808&rl=CGTU02708082006-1

Car Craze......Howard Dean raised 40 miilion on the web.
Do you think we can impeach this woman

http://www.michigan.gov/gov

on the web?

I'm not even from the area, but I know what
its like in chicago(south side) for them to close up shop on factory work and the like.
I've lived it all my life here. And you guys are basically a sister city.

I will start a web campaign immediately
with the sole aim of impeaching this
woman, along with anyone else, if they are interested?

Any takers? Does anyone in Michigan care,
or do I in Illinois care more than you?
Well???????

Michigan currently has the highest new foreclosure rate per household,
with one in every 1,085 homes currently in foreclosure. This marks
the highest foreclosure rate for a state this year.
-- California's new foreclosures dipped by 41 percent from June to July,
while the active inventory increased by 7.3 percent.
-- The largest monthly increases in new foreclosure rates were recorded
in Alabama (+21.3); Colorado (+12.9); Illinois (+11.6); Michigan
(+38); Minnesota (+31.1); Missouri (+48.2); and Ohio (+14.3).*
-- The largest monthly percentage decreases in new foreclosures were
found in California (-41.3); North Carolina (-14.3); Pennsylvania
(-21.3); and Texas (-16.9).*



Correction...MICHIGAN has the highest
foreclosure rate.......colorado is second.....
But colorado still has a tech economy
to fall back on....michigan doesn't........

new foreclosure rate is a measure of the future hits.......michigan is 38+...colo
is 12.9...that means that colorado is getting better after the tech debacle and has tech
jobs, and michigan is getting worse quick,
and has NO tech economy.

Answer 1

So the foreclosure rate is highest. I do not think the governor is to blame for that. It's a little thing called personal responsibility. Maybe if the adults living in MI considered the impact of second mortgages and making minimum payments on debt, they might get control of their finances.

I believe that domestic automakers can produce competitive products, now.

I do not believe the governor has done a good job for MI. With the election is a month away, we do not need your help with impeachment, I expect her gone.

Answer 2

Once again, when I see a question I can answer it.

Michigan has economic problems and I wouldn't waste my time debating state vs state. What is the point. No technololgy jobs in Michigan?, I do beg to differ on that point although it certainly needs to grow.

Don't get too smug over in Chicago, Illinois isn't that much better off, along with the rest of the midest.

I'm certainly not for Jennifer Grandholm, but the fact she was born in Canada really doesn't have anything to do with anything. Most of the problems facing the economy won't be fixed by a change in governor even though I will be voting against her.

Answer 3

Sorry, buy Detroit is highly dependent on the auto industry. And since Delphi declared bankruptcy and Ford and GM are laying people off in the thousands - things in Detroit don't look so good.

THIS HAS NOTHING TO DO WITH THE GOVERNOR. THIS IS GLOBAL AUTOMOTIVE COMPETITION, JOBS MOVING TO CHINA, etc.

The governor can NOT effect the auto industry any more than the rest of us can. Don't be ignorant.
YES people in Michigan give a ****. But until FORD, GM and DCX start building vehicles that can compete with Toyota and Honda - things in Detroit will remain bleak.

IF YOU HAD A CLUE - you would also know that people are leaving Michigan in droves. I just left. and in my neighborhood that is about 2 miles by 1.5 miles in size, there are over 300 houses for sale. It is not the worst of times for Detroit (read up on the riots in the 60s) but it is going to get darker before it gets light.

Answer 4

I hear ya, I'm living in it. I am the last contract automotive designer in my division...can't decide if that's job security - or?
I will not be staying here in Michigan, and plan on leaving with a change in careers.
Can't really lay all the blame with Granholm, can you? Admittedly, she probably hasn't helped the situation, heavens no. But I think that it was a combination of many things that have hurt Michigan's economy. So many jobs are linked to the auto industry here in the Motor, and state wide. GM & Ford are doing lousy. Chrysler is holding her own, mostly because she's always been smaller, streamlined. But even Chrysler is going through further cuts.
Driving around here is depressing. Hundreds of closed businesses in Berkley, Clawson, Troy, Madison Heights, & Warren just to name a few. Hundreds of empty buildings & strip malls...yet they're still building else where in the area. THAT I don't get.
Nope, can't pin it all on one governor. Economy overall, sure. Blame the pin head that thought sending jobs overseas to barely skilled foreign labor. Blame the rising market share of foreign cars (yeah, I consider Honda and Toyota 'foreign' as they're profits are doing little for the american economy). Blame the automakers (american OEM's) for not forward thinking their product line to lure them away from foreign competition. Blame the INS & the lack of imigrant restrictions to a State that's up to it's eyeballs in unemployment - yet they're compounding the problem with allowing them HERE. Fine, let em into the country...but not michigan, not right now.
I'm torn...we (my family and I) came here from the UK in 1967, September...right after the riots. I can remember looking out the hotel window and seeing tanks on the freeway. My father was an engineer, and back then...there was a huge demand for skilled, experienced white collar workers. So we've lived in the area all this time, mostly. I'm confused with the deluge of immigrants that cannot really compete with the experienced resident/american counterpart....it's all about money... The higher ups don't seem to care that the job is not getting done by the person they hired, but by those that know what need to be done and get it done out of necessity...doubling their work load. The incompetant are carried through by those that can (I'm talking about all of em, people in general, regardless of ethnicity/nationality)...and thanks to the hypersensitivity/PC-ness of modern day business - they continue to be carried. Heaven forbid we should FIRE someone for NOT doing their job, or being a complete screw up.

Answer 5

We would march to lansing......but we would have to take off of work to do that, and that means losing money. Trust me, we know what is going on here.....and we are getting fed up with it. Hopefully we will get a new governor in here soon, and maybe things will change.

We are a auto driven industry area. When the big 3 make cuts, it does a massive trickle down effect to all businesses. It also has to do with foreign competition building cars. They are making a better product than we are, simple as that. It also has to do with the unions, pensions.....etc. More money going out, than in.

I just don't like the fact that they will close a auto plant here, but leave ones running in other states. Why can't they close all the ones out of state first?

Answer 6

I left Michigan back in 1989, due to their cost of living. When I first built my home, my property taxes were $98.00, when I left in 89, those taxes had risen to $2200.00... I have many friends there, and several still live in that neighborhood, they are now paying $4100.00. It wasn't only the taxes, but everything else kept going up as well. I made up my mind there had to be a better life somewhere. That was one of the smartest things I ever did by leaving Michigan. I live in the South now, love it, have over 5 acres, a new home, and my taxes are really low. Very important is how much lower my utilities and vehicle insurance is here. I believe the Michigan resident have part blame in all those increases, people just don't go to the polls as they once did, and when one in office needs booting, the folks leave him/her there.

Answer 7

Mr. Johnson, again why so much concern for us suckers in detroit metro?

I work in the auto industry, and I divorced recently, but when I get two years of home ownership under my belt, im selling, i bought my house as a foreclosure, so i got a decent price, and i can afford to sell and make a 40k profit.

I can't believe I moved here. This is a miserable place where the winter is 6 mos and you always feel nervous you will be the next to get fired.

Since i moved here from LA 10 years ago, LA housing values exploded so I can't go back there, but i have Charlotte, NC in the cross hairs and cant wait to move.

Answer 8

PLEASE READ ME

Yes I care, I live in Oakland county....two of my dad's friends have just been fired and my dad is worried about losing his job (they work at the same place, but he is higher up on the working ladder)....up till recent years Oakland county has been an awesome place to live (it still is but the job thing has been worrying people). We have big houses, and an expensive new school, parks, and a big new library. It bugs the crap out of me when people rag on the suburbs, and say that Michigan is such a horrible place to live!!!! IT ISN"T!!!! Get it through your heads: yes you can't move to michigan and get a job but that doesn't mean we live in a gaint trash can. AND NO IT IS NOT WINTER 6 months a year. maybe you city slickers from California think so....

To you people who said you use to live here:
You must've worked in auto bussiness because all the other jobs around here are ok. I don't know anybody who moved. I know maybe five people who got fired, but they didn't moved, they didn't give up. They found new jobs and they are just as happy now.

Thank goodness we haven't been hit as hard as Detroit or Pontiac. Another "assumption" people make is that the subrubs are worse than Detroit. Think again. We have a lot of beautiful towns in Oakland county. You just have to want to find them. I do live in one of the richer parts of the county but i still know whats going on, and the fact that i am a teen has nothing to do with it either. I study it in school, and I am worried about my future here too.

Answer 9

I care it will go up I blame the credit card people If I used every card sent to me I would go bankrupt to and all the businesses that are down sizing also were to people get jobs for what that were being payed at the job they left there is some serious changes coming our way we can thank India and china for this also I blame Bush my self Jennifer Grandholm saved my husbands job helping BASF to stay here and not move and also bringing 145 new jobs and 170 contracted jobs by 2008 !!!

Answer 10

I just saw on headline news that Colorado has the highest foreclosure rate something around 1/300. Florida and Georgia were about 1/500 homes.