Hands Off My Market!Go figure:
Detroit home sales rise 15%.
Aren't we in a recession, brought about by a cabal of
Jewishinternational bankers screwing
bums who never should have gotten creditworking-class Americans out of their
leasedhard-earned homes due to their
ludicrous interest-onlysneaky mortgage-writing tricks?
Detroit is the armpit of America. The only good reason to live in Detroit is if nowhere else will take you. Detroit has the climate of Michigan, the culture and cuisine of Michigan, and the crime of Detroit. Just like Lou Gehrig knew he was fucked the minute the doctor told him he had Lou Gehrig's Disease, Detroit is the fallback every other place uses to cheer themselves up--
hey, at least we're better than Detroit!Needless to say, when good news comes out of Detroit, it's worth flipping on the TV and making sure Al Gore isn't wearing a beard and speaking from the Oval Office to announce that he's sending a detachment of MDC cops and the Wellesley cub scout pack to take over France because it turns out that stinky cheese is a greenhouse gas.
If the residential real estate market in Detroit can rebound this strongly, then the need for any sort of national mortgage recovery act is demonstrably shattered. We've spent the past decade bemoaning increasingly unaffordable housing. This is how you fix it.