Russ f/ Royal Oak MI

The Reverse Ripple Theory of Metropolitan Home Price Corrections

That theory doesn't fit Cleveland or Detroit. Houses in the inner cities crashed 1st there are not selling even for less than the cost of hte lumber and copper in them.

Oops- I forgot the copper has already been strippted

WEll they then do a kinda dead cat bounce. Like from $100-200 per property. Then just sit there waiting to be bulldozed after teh mayor gets out of his latest criminal charges and the city recovers from paying his defense lawyers and lawsuit settlement costs.

The stench was getting to be too bad even from the suburbs.