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Depression Hits Detroit: Average home price $18,513 -
Unemployment rate 21%

Tribble Ad Agency
Tuesday, Dec 23, 2008

The Great Depression has reached Detroit. The average price
of a home is now $18,513 and unemployment has reached 21%,
and it's expected to get worse. Detroit is facing a crisis
of epic proportions that officially puts Detroit
statistically (and real term) on par with the great
depression. Many readers of Tribble Ad Agency are
advertising centric.. and due to the rash of layoffs within
all Detroit Advertising firms has put the city on the map
for the wrong reasons.

It has become the center of all that is wrong with
America… and nothing of what is right.

For example, the crime rate has fallen…. because of lack
of targets within the city. Meaning there is nothing left to
steal. In fact, even the criminals don't want to leave
jail.

Heard confirmed that some offenders, notably those without
homes of their own, were now expressing reluctance to leave
jail when their sentences were done.

Home values have plummeted to levels not seen in 1/2 a
century… and the 21% unemployment has in some cases been
projected to double within 12 months if the auto industry
totally collapses.

efoodsTo make matters even worse, Detroit has superseded New
Orleans as the "worst city" in America…. but New
Orleans had a Hurricane they could assign blame to…
Detroit has no such natural disaster crutch.

"It's a depression — not a recession," McDuell said,
with the authority of someone who has lived through both.
"It will get worse before it gets better."

It's a man-made disaster.

Regarding a local food bank in Detroit that has seen record
numbers of individuals entering the system:

"Many people are first-timers — they have no idea how to
navigate the system, how to qualify for food stamps,"
Wells said. "Last year, some were donors — now they're
clients."

In short, last year they donated money into the system…
now they are feeding from it because they themselves are in
hard financial times.

Detroit needs a miracle, the chances of it showing a
resurgence is slim to none in the current economic outlook.

Teachers Discount Music
PO Box 390
New Market, VA 22844
800 586-3876
www.metronomes.net
email:  tdm@rica.net