Just an observation. I think there is a high correlation between Detroit's record rate of mortgage foreclosures and the casino and gambling industry that the city has been banking on to lift it up.
A lot of people say it's due to Detroit's nebulous economy. But the economy has always been shaky, since the early 80s. And I don't recall people losing their homes as much as they are now.
Just a thought. I wonder if the city has looked at foreclosure rates prior to legalizing casinos in Detroit in the 90s, as compared to now, 2007.
fs
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