Archive for October 22nd, 2008
Housing Crisis Offers Opportunities
Costa
DETROIT – Chuck Costa is known as the guy who once owned the most inner city residential units in Detroit. He went belly up in the 70s when the government ended direct vendor payments to landlords. But diversified and recovered.
As the former head of Detroit’s landlord association, he has seen economic declines in Detroit in general and a housing market that has gone south. But never, he says, as bad as it is today.
Worse now, he says, because of the downturn in the automotive industry. Costa was my guest today on News Talk Online on Paltalk.com.
Costa says there is, however, a silver lining. Housing prices are so low, he says, that investors can pick up residential properties for a song, and make money.
–
Photo credit: Gary Baumgarten
Some First Time Voters Aren’t
Wayne County Michigan Executive To Discuss Economic Plight
Ficano
DETROIT – The entire nation is suffering an economic downturn, but no area of the country is more heavily affected than southeastern Michigan.
Toledo Plumbers Back Obama
NORTHWOOD, OH – Forget Joe the Plumber and support for John McCain. The guys who run the local Toledo area plumber’s union hall like Barack Obama.
Local 50 business manager Tom Joseph says most of the guys his union represents make $60,000-$100,000 or more a year. Certainly not the $250,000 they’d have to make in order to be affected by Obama’s tax increases.
Speaking on News Talk Online on Paltalk.com, Joseph said if any of them did make $250,000 or more a year they should pay more in taxes.
His union is actively supporting Obama. Busy getting out the vote.
Joseph thinks he and his union are far more representative of plumbers here in Ohio, and elsewhere in the nation.
The issue, he says, is not Joe the Plumber, who is being used, Joseph argues, to divert attention from the unseemly packages the former heads of Wall Street firms that have crashed are getting.
The polls put Obama and McCain at a statistical dead heat in key state Ohio. Joseph recognizes this. But believes the Buckeye State will go for the Democrat.
Significant, if correct, because never in history has a Republican been elected president without carrying Ohio.
