More unsettling news from the motor city (via patrick.net):
It was their dream home, a two-story, four-bedroom colonial in one of Detroit's nicest and most stable neighborhoods.
But then, one day in December, City Councilman Kwame Kenyatta and his wife packed up their belongings, locked the doors, mailed in the keys and walked away - adding another vacant house to the thousands in a city hard hit by the nation's mortgage crisis.
"We're already underwater when it comes to what we're paying on the house versus what the house is worth," Kenyatta said.
Reader Comments Read all comments (2)
Michigan Foreclosures of MI 2:23AM June 02, 2009
Aubrey Cohen of WA 12:38PM April 21, 2009