The state of Michigan ranks
sixth nationally in foreclosures, according to the
Detroit Free Press. And think about this one: our foreclosure rate increased by 17.84% from last February to this February, while the rate of the nation over the same period increased 60%. And we're still sixth. While the national rate decreased 4% from January to February, our rate increased by almost 2%. The top three are Nevada, Florida, and California--all states where demand for land was heavy during the housing boom and whose economies are, for the most part, just fine--so I have to assume that their problems are due mostly to the bursting of the housing bubble, unlike Michigan's steady, long economic decline.
Now we finally understand what she means by "blow you away"! Well, you know. Some of us suspected.
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