There are always a lot of facts and figures that can be quoted to help prove any point of view. For example, I read several items in the December 2008 issue of the AARP Bulletin that show two different sides of the housing situation in Michigan. First, the bad news: Michigan "has the sixth-highest housing foreclosure rate in the country." That is why "AARP is pushing for sweeping legislation that would crack down on predatory lenders."
On the positive side; Michigan, along with 13 other states including Idaho, Minnesota, South Carolina, and Maine, had the highest percentage of owner-occupied households in 2007. The U. S Census Bureau reports that, in these states, 73.3-77.6% of homes were owner-occupied. At the other end of the spectrum, Only 47.2-58.3% of homes in California and New York were owner-occupied.
It's always good to see more than one side of any story and the housing situation is Michigan is no exception.
Monday, January 12, 2009
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