[quote=SDEngineer][quote=Rt.66]What’s the housing price to earnings ratio in Detriot right now?
2.5 weeks times earnings? LOL![/quote]
Scarily enough, that’s close.
It’s 2.5 months times earnings right now LOL.[/quote]
There is a reason why you can find a $3000 SFH in Detroit. Those auto manufacturing jobs aren’t going to go back to detroit. And Detroit failed to diversify into other industries. It’s going to be another rustbelt.