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Old Feb 17, 2009 | 04:59 AM
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clasko10
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Default RE: How is the economy in your area

Things here in Michigan are dismal. I had my condo for sale for 2 years and only had 5 showings. I priced the condo very low but the forclosures in my complex killed us. I finally decided to rent it out in December. I doubt I will ever get what I paid for it, even 10 years from now. The Big 3 have been shedding 10's of thousands of jobs and it has killed the economy in Michigan. The workers who left the companies seem to be leaving Michigan and that lowers demand for housing. This is only going to get worse because today GM and Chrysler will announce more job cuts and plant closures. The wages for those of us in the auto industry are going to be greatly reduced. All of this spells trouble for Michigan and especially the metro-detroit area. I have completely stopped discretionary spending and plan to take the current buyout offer from chrysler. I have worked here for over 13 years and I am 35. I plan to re-train and change careers. Unfortunately this is a horrible labor market for job seekers. I have no regrets and welcome the chance to enter a new field that will be challenging and rewarding. I think it is important to keep your chin up and stay positive. I am most depressed that I won't be able to purchase my black RT Classic......yet.
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