I am writing today to announce the closure of the Michigan Messenger. After four years of operation in Michigan, the board of the American Independent News Network, has decided to shift publication of its news into a single site, The American Independent at Americanindependent.com. This is part of a shift in strategy, towards new forms [...]
An abstinence-only presentation provided to numerous school districts in Calhoun and Eaton Counties in October of this year provided false and misleading information to students about HIV, experts allege.
Two county registers of deeds filed a class action lawsuit Monday on behalf of Michigan’s 83 counties alleging that the Mortgage Electronic Registration Services owes millions of dollars in property title transfer taxes.
Despite evidence of the impact of mercury on children and public health, Michigan Attorney General Bill Schuette last month joined with 24 other state attorneys general in filing a lawsuit to scuttle new EPA regulations that would reduce mercury emissions from power plants.
During his acceptance speech last night, John McCain tried out the old Bill Clinton schtick of feeling somebody else’s pain as he became the Republican Party’s presidential nominee.
The Detroit News made note of it when McCain cited a Michigan couple as an example:
“I fight for Bill and Sue Nebe from Farmington Hills, Michigan, who lost their real estate investments in the bad housing market. Bill got a temporary job after he was out of work for seven months. Sue works three jobs to help pay the bills.”
But the Detroit News tried to contact the Nebes to follow up with them after the speech and came up short; the Michigan delegation at the RNC Convention didn’t know the Nebes, and the Nebes didn’t answer their phone.
What a pity for realtors in this glutted housing market not to answer their phone; it seems Bill and Sue Nebe are in the real estate business as a Keller Williams realty affiliate, not merely home owners who’ve lost part of their investment in their house. Bloggers elsewhere on the internet claim they’ve found information that indicates the Nebes own a home estimated at $660,000 in tony Farmington Hills, Mich., where more than 40% of the residents have incomes of $100,000 a year or higher.
It’ll be interesting to see what the Detroit News reports after they catch up with the Nebes; perhaps these folks are really hurting as John McCain said. In this glutted housing market littered freely with homes of folks who’ve moved to find work out of state, selling residential homes in Michigan is like selling snow cones during a blizzard to Inuit.
On the other hand, after the big, fat years in the housing market we’ve already experienced, it’ll be a great year for real estate investors to write off some losses and offset previous capital gains, eh? Maybe the Nebes don’t need to rush to the phone after all.
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