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flotown

Detroit: Foreclosure Capital USA

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No it's not. It's not easy, but it's not like things are falling apart and neiman marcus is going out of business. Not even close. The city has suffered, for the last half a century. The suburbs have had some hiccups but you still don't feel like your in some kind of depression there.

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The top 20 or so cities have virtually the same rate. Every quarter a new city takes the top spot and the previous #1 city could drop down to #25 in the next quarter. Detroit (because many people like to view it as America's redheaded stepchild) gets a lot of attention when it tops such a list. For example when Detroit had the highest poverty rate (according to the Census Bureau) the national media had a field day. However when Miami or Cleveland, or whoever tops the list it doesn't matter.

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