July 14, 2011

Wanna see the leading edge of the disaster?

A Canadian television reporter came to Detroit to see what was up. He said conditions there were "Worse than we could have imagined."

The median home price in Detroit, he reported, is now six thousand dollars.

Yep, you read that right. Damned if I know whether that figure is accurate, but when you have homes selling for one dollar it tends to pull the average down quite a bit.

The city once had a population of two million. It's now 800,000.

A commenter said he was a long-haul trucker and went to Detroit to pick up a load. Said he drove over a main city street where all the asphalt had been removed. Didn't seem to be any signs of a road project, so he seemed to think it had been looted, just like the copper water lines in abandoned houses and businesses.

Damned if I know. Hard to imagine asphalt is worth much. But what I do know is, there is no logical reason that would prevent the disaster that's happened in Detroit from spreading to other cities. It may take years, or even decades, but once you have a generation (or two) that doesn't raise its kids right, that's all she wrote. A recovery for that group is astronomically unlikely, because the never-parented youth have no idea how to raise their own kids right.

Vicious circle.

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