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 ...
This is astonishing. And things show no sign of getting better there.
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.
hey, got that Michigan ping ready?
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!
Speaking from experience, Michigan is a difficult State to leave. It’s government is simply working on making it easier.
If Michigan could only vote Wayne County out of the state, most of these problems could be solved.
add me to the michigan ping list........
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.
Who is John Galt?
"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
Michigan has great fishing, hunting, boating, and scenery...but so does Zimbabwe.
There comes a time when the little guy has to leave.
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.
does this mean Texas will get another car factory?
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.
"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
I was speaking of all the fun I had in Michigan when I lived there, but I know what you mean.
Michigan is a prime example of what will happen to the US if the democrats impliments their agenda at the federal level.
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. :)
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.....
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