Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

And the hits to Michigan keep on coming (one-state recession alert)
Red State ^ | September 17, 2007

Posted on 09/19/2007 8:50:28 AM PDT by Clintonfatigued

While the state Capitol remains under a "Yellow Alert," watching and waiting for ten Democrats to take a stand one way or another on Andy Dillon's $1.2 billion tax hike scheme there are reminders of the stakes all over the state.

The sheer insanity of a massive tax hike sans a single penny's worth of reforms is reinforced by the updated numbers coming out of the housing market. Michigan now ranks sixth worst nationally in terms of home foreclosures.

Not a nice number. But the pain and the trouble in that figure really jumps out at you when you dig a little deeper. Not only are there now nearly 16,000 properties sitting on the market in one stage or another of foreclosure, that breaks out to a jump of 11% over the month of July and a staggering 126% leap from this time a year ago.

A one-hundred-twenty-six percent increase in foreclosures since the heat of the last campaign year.

Talk about trending in the wrong direction. Not that we didn't see the writing on the wall last fall. Those of us who didn't cover our eyes and pretend the state's problems were just going to go away, anyways.

Read on . . .

And the foreclosure rate doesn't tell the whole story. When you add 16,000 properties to the housing market at bargain basement prices you're going to depress that housing market. And when that market is already depressed? Well, home prices plummet. Nowhere has that been more painful than in metro Detroit and Wayne County.

(Excerpt) Read more at redstate.com ...


TOPICS: Business/Economy; Editorial; Government; US: Michigan
KEYWORDS: automakers; canadianprovince; dearborn; democrats; detroit; economy; onestaterecession
Navigation: use the links below to view more comments.
first 1-5051-88 next last

1 posted on 09/19/2007 8:50:33 AM PDT by Clintonfatigued
[ Post Reply | Private Reply | View Replies]

To: cripplecreek; AuntB; Beagle8U; MichiganConservative; Mister Politics; fieldmarshaldj; LdSentinal; ..

This is astonishing. And things show no sign of getting better there.


2 posted on 09/19/2007 8:52:33 AM PDT by Clintonfatigued (You can't be serious about national security unless you're serious about border security)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Clintonfatigued

Pass your own tax hike again, Michigan! Please.

We’re looking forward to gaining more jobs down here in Alabama as reality slaps more people in the face...hard enough to wake them up from their “we’ll never leave Michigan” coma.


3 posted on 09/19/2007 8:54:13 AM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
[ Post Reply | Private Reply | To 1 | View Replies]

To: grellis

hey, got that Michigan ping ready?


4 posted on 09/19/2007 8:55:30 AM PDT by absolootezer0 (stop repeat offenders- don't re-elect them!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Clintonfatigued

On monday i heard on the radio that if businesses with tax deferments do not lean on the republicans to pass the tax increase, that granholm is ready to yank those tax incentives.....militant government, militant workforce, and tax and spenders in the house, all the while the average household income has fallen..........time to get the canadian socialist feminazi out of the governors chair!


5 posted on 09/19/2007 8:58:15 AM PDT by joe fonebone (When in danger, when in doubt, run in circles, scream and shout)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Southack

Speaking from experience, Michigan is a difficult State to leave. It’s government is simply working on making it easier.


6 posted on 09/19/2007 8:58:28 AM PDT by 1rudeboy
[ Post Reply | Private Reply | To 3 | View Replies]

To: Clintonfatigued

If Michigan could only vote Wayne County out of the state, most of these problems could be solved.


7 posted on 09/19/2007 8:58:49 AM PDT by Vigilanteman (Are there any men left in Washington? Or are there only cowards? Ahmad Shah Massoud)
[ Post Reply | Private Reply | To 2 | View Replies]

To: absolootezer0

add me to the michigan ping list........


8 posted on 09/19/2007 8:59:17 AM PDT by joe fonebone (When in danger, when in doubt, run in circles, scream and shout)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Southack

I met a Michigan refugee recently. They picked up and left.

His wife found a health care job instantly and he found one to keep him busy while he was finding something he reallly liked.

They sold their house in Grand Rapids and hit the trail. They liked the looks of East Tennessee and stopped. He was very scared of the change but seemed very glad to be gone.


9 posted on 09/19/2007 8:59:56 AM PDT by bert (K.E. N.P. +12 . Hillary's color is yellow.....how appropriate)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Clintonfatigued

Who is John Galt?


10 posted on 09/19/2007 9:01:10 AM PDT by ClearCase_guy (The broken wall, the burning roof and tower. And Agamemnon dead.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Clintonfatigued
Michigan is swirling around the drain. And public officials' solution to its woes? A multi-billion tax hike.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

11 posted on 09/19/2007 9:01:10 AM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 1rudeboy

Michigan has great fishing, hunting, boating, and scenery...but so does Zimbabwe.

There comes a time when the little guy has to leave.


12 posted on 09/19/2007 9:01:57 AM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
[ Post Reply | Private Reply | To 6 | View Replies]

To: 1rudeboy

of course its difficult. its hard to leave when its impossible to sell your house. for anyone that owes more than about 70% of value, you’re a captive audience.


13 posted on 09/19/2007 9:03:16 AM PDT by absolootezer0 (stop repeat offenders- don't re-elect them!)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Clintonfatigued

does this mean Texas will get another car factory?


14 posted on 09/19/2007 9:03:52 AM PDT by GeronL
[ Post Reply | Private Reply | To 1 | View Replies]

To: Clintonfatigued

What incentive is there for the Michigan politicians to do anything? No matter how good or how bad they are, they still get their paychecks. Nothing they do, impacts them personally. You can get layed off, you can loose your car, you can loose your home, you can loose your’s and your families health coverage, you can loose everything.........they don’t loose a thing. Until budgets and taxes are tied to politicians salarys, there will be not changes for the good of the people.


15 posted on 09/19/2007 9:06:09 AM PDT by RC2
[ Post Reply | Private Reply | To 1 | View Replies]

To: absolootezer0
Well its like I sell my home and the equity is not enough to pay off the outstanding loan amount.... and for people stuck there, forget about using their home as their ATM in their old age. There are just increased costs. And the winters suck too.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

16 posted on 09/19/2007 9:06:32 AM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
[ Post Reply | Private Reply | To 13 | View Replies]

To: absolootezer0

I was speaking of all the fun I had in Michigan when I lived there, but I know what you mean.


17 posted on 09/19/2007 9:06:33 AM PDT by 1rudeboy
[ Post Reply | Private Reply | To 13 | View Replies]

To: 1rudeboy

Michigan is a prime example of what will happen to the US if the democrats impliments their agenda at the federal level.


18 posted on 09/19/2007 9:08:01 AM PDT by HwyChile
[ Post Reply | Private Reply | To 17 | View Replies]

To: goldstategop

i love winters here. not too harsh, lotsa snow, and its so much fun playing with the kids on their sleds and toboggans, making snowmen and snow angels, snowball fights, etc.
and the hunting is good too. :)


19 posted on 09/19/2007 9:10:29 AM PDT by absolootezer0 (stop repeat offenders- don't re-elect them!)
[ Post Reply | Private Reply | To 16 | View Replies]

To: RC2

I got a better idea....we got the headlee amendment passed with a ballot proposal, and bypassed the government...maybe it is time to do the same thing with income and sales taxes...no increases unless it is voted on and approved by the voters, and take that power right out of the politicians hands.....


20 posted on 09/19/2007 9:11:07 AM PDT by joe fonebone (When in danger, when in doubt, run in circles, scream and shout)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Southack
We’re looking forward to gaining more jobs down here in Alabama as reality slaps more people in the face...hard enough to wake them up from their “we’ll never leave Michigan” coma.

Screw Alabama, Southack! Indiana is a much shorter drive and Honda and Toyota are moving to Indiana. Bring all your Auto Manufacturing a little south.

(No had feelings)

21 posted on 09/19/2007 9:12:23 AM PDT by Tenacious 1 (No to nitwit jesters with a predisposition of self importance and unqualified political opinions!)
[ Post Reply | Private Reply | To 3 | View Replies]

To: joe fonebone
I got a better idea....we got the headlee amendment passed with a ballot proposal, and bypassed the government...maybe it is time to do the same thing with income and sales taxes...no increases unless it is voted on and approved by the voters, and take that power right out of the politicians hands.....

Where do I sign the petition!!

22 posted on 09/19/2007 9:13:06 AM PDT by Snoopers-868th
[ Post Reply | Private Reply | To 20 | View Replies]

To: Springman; sergeantdave; cyclotic; netmilsmom; RatsDawg; PGalt; FreedomHammer; queenkathy; ...
Photo Sharing and Video Hosting at Photobucket

It's not too late to throw together a freep at the Capitol, folks. Free parking and refreshments at my house.

Anyone else getting tired of hearing the phrase "revenue increase"???

23 posted on 09/19/2007 9:17:06 AM PDT by grellis (Femininists for Fred!)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Clintonfatigued

I have a good friend whose mother lives in Michigan and she finally sold her house but at way below what she wanted for it. It didn’t sell for many a moon but it finally did. She needed to go into a smaller apartment because her husband had a serious stroke and was in a nursing home. She could no longer afford the house so it was a tough choice. I’m thankful she sold it. Now, in our area, houses are being bought and sold pretty regularly. Of course, it’s a college town and that could be the difference. They go for big prices, too.


24 posted on 09/19/2007 9:17:17 AM PDT by Marysecretary (GOD IS STILL IN CONTROL.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Clintonfatigued
Do you already have a Michigan ping list? I just started one this week because I wasn't aware one existed.

If you have one, we should combine them.

25 posted on 09/19/2007 9:19:29 AM PDT by grellis (Femininists for Fred!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Snoopers-868th

Why would anyone live in Mich.? You can’t go jetskiing in the winter up there.....


26 posted on 09/19/2007 9:19:57 AM PDT by bicyclerepair (Ft. Lauderdale, Florida)
[ Post Reply | Private Reply | To 22 | View Replies]

To: grellis

Every elitist lefty has said those of us who voted for Bush in ‘04 are downright stupid. Can we say the same of anyone who voted to reelect Granholm even though her state is going down the drain?? I am guessing if a conservative said that in MI they would be called an extremist and hate monger.


27 posted on 09/19/2007 9:20:20 AM PDT by TNCMAXQ
[ Post Reply | Private Reply | To 23 | View Replies]

To: Tenacious 1

Here in NW Indiana things appear much like Michigan. A steel industry that has dried up, high crime in places like Gary and Hammond. This area could be a manufacturers mecca. There is a decent workforce, rail availability, a respectable airport and unused buildings begging to be utilized but yet the area remains essentially dead.


28 posted on 09/19/2007 9:24:42 AM PDT by A_Tradition_Continues (THE NEXT GENERATION CONSERVATIVE)
[ Post Reply | Private Reply | To 21 | View Replies]

The sheer insanity of a massive tax hike sans a single penny's worth of reforms is reinforced by the updated numbers coming out of the housing market.
Last year at this time there were about 10,000 unsold homes in Grand Rapids. Judging by the signs along this street, there are a bunch more now. The only advantage to this (and this is definitely not a silver lining per se) is that lenders are eager to lend more money to reliable borrowers and give them good rates, because the large number of foreclosures and unsold homes means more loans have to be written, and fast, to keep the banks solvent. Thanks Grellis.
29 posted on 09/19/2007 9:24:44 AM PDT by SunkenCiv (Profile updated Wednesday, September 12, 2007. https://secure.freerepublic.com/donate/)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bicyclerepair
Why would anyone live in Mich.? You can’t go jetskiing in the winter up there.....

At my age, jet skiing is the farthest thing from my mind. It has been my home for my entire life. I was not born a nomad and don't intend to leave during my twilight years. LOL. Thank God I don't live anywhere near Detroit but it is waaay too close for me and getting closer with the Muslim population. I am filled to capacity the State's support of Detroit's corrupt government via subsidities. The City of Detroit just keeps electing them. Hopefully, with those rushing to leave the state we will be able to elect a Republican to the Capitol in the future.

30 posted on 09/19/2007 9:25:14 AM PDT by Snoopers-868th
[ Post Reply | Private Reply | To 26 | View Replies]

To: grellis

Maybe a recall petition against the governor and the legislators would send a message. If it didn’t, at least we’d be rid of the ‘holes.


31 posted on 09/19/2007 9:26:51 AM PDT by SunkenCiv (Profile updated Wednesday, September 12, 2007. https://secure.freerepublic.com/donate/)
[ Post Reply | Private Reply | To 23 | View Replies]

To: Tenacious 1

A little south — but still connected to union mentality.

Toyota, Honda, others making super profits in Alabama without unions, offering workers incentives for improving to next level up the scale. Workers there not abut to vote a union in. I’m not too sure that can be said about Indiana...


32 posted on 09/19/2007 9:27:05 AM PDT by detch
[ Post Reply | Private Reply | To 21 | View Replies]

To: Southack

The problem is that these blue-staters who are in mass exodus to the South bring their politics with them. They don’t learn their lesson from having turned their previous home into a hellhole. I am afraid that the conservative stronghold here in the South is being slowly chipped away at by liberal Yankee expatriates.


33 posted on 09/19/2007 9:27:29 AM PDT by Juana la Loca
[ Post Reply | Private Reply | To 3 | View Replies]

To: HwyChile

Except that there will be no place left to run.


34 posted on 09/19/2007 9:28:01 AM PDT by Camel Joe (liberal=socialist=royalist/imperialist pawn=enemy of Freedom)
[ Post Reply | Private Reply | To 18 | View Replies]

To: bert
I met a Michigan refugee recently. They picked up and left.

Same here. My new neighbor used to be a Ford engineer.

Now drives a bus at Disney.

35 posted on 09/19/2007 9:28:10 AM PDT by N. Theknow (Kennedys: Can't drive, can't fly, can't ski, can't skipper a boat; but they know what's best for us)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Clintonfatigued

and the libs wondered why we wanted DeVos as Gov.


36 posted on 09/19/2007 9:32:07 AM PDT by Biggs of Michigan
[ Post Reply | Private Reply | To 1 | View Replies]

To: Juana la Loca
Mostly its the Red portion of the Blue states that are leaving. The Dummycratics believe the filth they are spewing and think they will inherit the riches of the State when everyone else leaves.
37 posted on 09/19/2007 9:35:32 AM PDT by Camel Joe (liberal=socialist=royalist/imperialist pawn=enemy of Freedom)
[ Post Reply | Private Reply | To 33 | View Replies]

To: 1rudeboy
Speaking from experience, Michigan is a difficult State to leave.

I left in 1979 and it was easy. I loaded up all of my belongings into the back of my pickup truck, filled up the gas tank and crossed into Wisconsin.

38 posted on 09/19/2007 9:36:24 AM PDT by Dixie Yooper (Ephesians 6:11)
[ Post Reply | Private Reply | To 6 | View Replies]

To: absolootezer0

What’s this “winter” you speak of?


39 posted on 09/19/2007 9:40:53 AM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
[ Post Reply | Private Reply | To 19 | View Replies]

To: grellis

I was up there yesterday, reminding Mike Simpson that if he votes for a tax increase that he’ll be recalled.

It was just me and my big yellow sign, but a couple of reporters approached me. Everyone who passed was supportive, and all are incredibly digusted with our legislature.


40 posted on 09/19/2007 9:41:38 AM PDT by Kieri (Midwest Snark Claw & Feather Club Founder)
[ Post Reply | Private Reply | To 23 | View Replies]

To: Dixie Yooper
LOL, spoken like a true Yooper.

I loaded mine into a U-Haul, took one last walk around the farm, and cried.

41 posted on 09/19/2007 9:42:49 AM PDT by 1rudeboy
[ Post Reply | Private Reply | To 38 | View Replies]

To: bicyclerepair
Why would anyone live in Mich.? You can’t go jetskiing in the winter up there.....

Some crazies try it, I'm sure, but Lake Superior tends a big on the chilly side in January and you'd need an icebreaker.

We can go outside in August, though. ;-)

42 posted on 09/19/2007 9:44:13 AM PDT by Kieri (Midwest Snark Claw & Feather Club Founder)
[ Post Reply | Private Reply | To 26 | View Replies]

To: 1rudeboy

I grew up in Michigan, and still have my parents, brother, and friends there. I love to visit, and really wish we lived closer together. However, my husband and I made the decision back in the late 80’s that the Michigan economy was just too risky for us to bet on. We stayed in SE Pennsylvania, which has its issues, but on the whole is a good place for us to raise our boys. It makes me very sad to see what has happened to the Michigan I always loved. Beautiful state, kind people.


43 posted on 09/19/2007 9:52:31 AM PDT by Think free or die
[ Post Reply | Private Reply | To 6 | View Replies]

To: Spktyr
the season in michigan that's not construction season.

pic taken 10.12.06. first snow last year. :)
44 posted on 09/19/2007 9:55:06 AM PDT by absolootezer0 (stop repeat offenders- don't re-elect them!)
[ Post Reply | Private Reply | To 39 | View Replies]

To: Clintonfatigued

Look or Michigan to be sold on EBay very soon. /sarcasm


45 posted on 09/19/2007 9:58:04 AM PDT by Freedom_Is_Good ("A fear of weapons is a sign of retarded sexual and emotional maturity." - Sigmund Freud)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Southack
Michigan has great fishing, hunting, boating, and scenery...but so does Zimbabwe.

Michigan's fishing and hunting is mediocre, at best. It is either flat or a swamp in most of the lower penninsula where most people live. It's hunting regs are archaic. It's raising fees across the board. And while there are a large number of incredible hunters here, the hunting ethics of the majority of the general hunting population I've interacted with are appalling.

46 posted on 09/19/2007 9:58:25 AM PDT by FateAmenableToChange
[ Post Reply | Private Reply | To 12 | View Replies]

To: RC2

“You can get layed off, you can loose your car, you can loose your home, you can loose your’s and your families health coverage, you can loose everything.........they don’t loose a thing.”

Because the residents will continue to vote in the theiving pols! For some reason the citizens keep figuring that the people breaking the state can fix the state. Idiot electorate is the root cause of the problem. (Present company excluded, of course!)


47 posted on 09/19/2007 10:07:55 AM PDT by CSM ("Dogs and beer. Proof that God loves us.- Al Gator (8/24/2007))
[ Post Reply | Private Reply | To 15 | View Replies]

To: SunkenCiv; grellis

“Maybe a recall petition against the governor and the legislators would send a message.”

And better yet, have those recalls coincide with the 2008 general elections.


48 posted on 09/19/2007 10:08:25 AM PDT by Clintonfatigued (You can't be serious about national security unless you're serious about border security)
[ Post Reply | Private Reply | To 31 | View Replies]

To: bicyclerepair
You can’t go jetskiing in the winter up there

yes you can, you just have to dress a little warmer......

49 posted on 09/19/2007 10:10:07 AM PDT by Hot Tabasco (I could be Agent "HT")
[ Post Reply | Private Reply | To 26 | View Replies]

To: GeronL
does this mean Texas will get another car factory?

We don't want em. We have enough ILLEGALS already.

50 posted on 09/19/2007 10:13:22 AM PDT by unixfox (The 13th Amendment Abolished Slavery, The 16th Amendment Reinstated It !)
[ Post Reply | Private Reply | To 14 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-88 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson