Word: detroiters
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...much rarer now since high schools and colleges prohibited head-first tackles in 1976. [This article consists of a complex diagram. Please see hardcopy of magazine.] Football injuries resulting in quadriplegia- high school, college and professional ? '76 -- 34 ? '84 -- 5 ? '91 -- 1 (Mike Utley, Detroit Lions...
Sales of bank-owned repossessions like the one auctioneer Hudson & Marshall is hosting in Detroit later this month are sellout events (700 properties will be on the block, vs. 130 this time last year), but the real money is made by people who get their hands on houses before the banks do. By outbidding the bank at a courthouse foreclosure auction, return on investment can get as high as 25% to 35%. Make sure you are incredibly well versed in your state's real estate laws and prepared for tasks like evicting a family...
...housing market in Detroit is a mess. Such a mess that nobody tries to deny it, not even the real estate agents. "The market is very, very bad," laments Jennifer Weight, hosting a deserted Sunday open house in the suburb of Bloomfield Hills. "It's terrible...
Across the country, in the anti-Detroit that is San Diego, real estate is also slumping. The gloom, however, is far less pervasive. "Yes, it's a troublesome market, but it's not terrible," contends broker Leona Kline...
...reason for the difference in attitude is pretty simple. In metropolitan Detroit, the 11% drop in home prices over the past year was just one more sign of a local economy in decline thanks to the troubles of the auto industry. In San Diego, the drop of 7.3% came out of the clear blue sky. The city still has jobs to offer. Beaches...