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Total Collapse in Northern Illinois
Matthew
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Someone sent in this tidbit about the housing market in northern Illinois:

Quote:
There are 9 active listings in grid 77.  Out of those 9 listings 3 are short sales.
25 listings have sold in the past 400 days.  Out of those 25 sales 11 were foreclosures.
There are 3 sale pending listings.  2 are foreclosures & 1 is a short sale.
Average sale price in grid 77, your location, is $56,408.


I looked into it a bit, and these houses were selling in the $90K range just a couple years ago! In fact, one realtor listed a house in this "grid" for $109K about 1.5 years ago. And he was only $10K greedy -- not totally ridiculous.

Talk about a total collapse -- we're talking a Great Depression here!

This area is going to be Detroit in a couple years: Houses for $1,000, bulldozing entire neighborhoods and returning them to farmland, areas where the police won't enter, etc.

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Thank you,
Matthew
Posted May 29, 2012, 9:32 pm
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Thorn





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Well, people wanted Hope & Change!!
Posted May 29, 2012, 9:52 pm
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songbird





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And Detroit lost their hospital. We have a friend pharmacist who told us in March their hospital was no longer, only a care facility for 22(?) No hospital!
Posted May 29, 2012, 11:32 pm
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Please pray for Bishop Richard Williamson, a noble prelate whose wisdom and zeal for the truth have inspired many.
On October 23, 2012, the good Bishop was cast out of the SSPX, where he had labored tirelessly for 36 years.
His continued membership in the SSPX would have made a premature union with Rome more difficult.
"I have loved justice and hated iniquity; therefore I die in exile." - Pope Gregory VII