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Old 03-22-2007, 06:03 AM   #3 (permalink)
ngdawg
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Location: on the back, bitch
And yet, here in most of NJ, an 1800sf 'starter home' will fetch upwards of over $300k. Yet, we are also losing industry; Ford and GM both closed their plants here, as did Johnson & Johnson, Revlon....
Not all of the midwest is in dire straits, though. The Kansas City area is emerging as a technology hub, for instance and its housing reflects that as building new homes continues and KC has made some 'cities to watch' lists.
The automakers that put Detroit on the map couldn't care less about what happens to the city and the general area-they're concerned about their own bottom line, so they have their 'American' cars built it Mexico and/or import parts from all over the world. Can you blame the automakers, who were paying high union wages, for wanting to go where they could get the same thing at less than half the payout?
Related Irony: A Nascar car owner, Jack Roush, has been very vocal against letting Toyota participate in Cup racing. A commentator, Darryl Waltrip countered with the irony that Toyota is the only car maker in the series whose cars are made in the US.
We're losing to a global economical market; we reaped the spoils for so long, got comfy without keeping an edge up against emerging cheaper markets and then woke up to find everyone had packed up and gone elsewhere.
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