More unsettling news from the motor city (via patrick.net):
It was their dream home, a two-story, four-bedroom colonial in one of Detroit's nicest and most stable neighborhoods.
But then, one day in December, City Councilman Kwame Kenyatta and his wife packed up their belongings, locked the doors, mailed in the keys and walked away - adding another vacant house to the thousands in a city hard hit by the nation's mortgage crisis.
"We're already underwater when it comes to what we're paying on the house versus what the house is worth," Kenyatta said.
Michigan Foreclosures of MI @ Jun 02, 2009 02:23:47 AM
Aubrey Cohen of WA @ Apr 21, 2009 12:38:46 PM