Flint, Michigan and Bank Foreclosures
Flint is a city in the US Michigan, Genesee County, located along the Flint river, 106 km northwest of Detroit. As of the 2000 census, the city had a population of 124,943, making it the fifth largest city in Michigan.Home to the Ojibwa tribes in the 19th Century. For decades, Flint remained politically important as a major population center as well as for its importance to the automotive industry.
In the 1980s, the rate of deindustrialization with local GM employment falling from a 1978 high of 80,000 to under 23,000 by the late 1990s. Only about 8,000 workers are left after the 2006 crisis General Motors’ commitment to Flint and its people is not highly regarded by the workers once GM moved out to Detroit. In 2002, bankruptcy caused the city to be considered for receivership by the state of Michigan. Wyoming has become the new destination for workers in the energy industry of coal, oil, and gas.
The city suburbs are better off than the city. Threfore making the suburbs a preferred housing destination due to lower costs. As of the census of 2000, there were 124,943 people, 48,744 households, and 30,270 families residing in the city. There were 55,464 housing units. The racial makeup of the city was 41.39% Whites, 53.27% African Americans and the balance were Natives, Asians and other races including Hispanic or Latino. There were 48,744 households The per capita income for the city was $15,733.
Therefore would you believe that a 2 bedroom house could be available on Bank forclosure @ $ 5000 which could cost a whopping $124000 in Rapid city! In an adjoining neighbourhood the prices can also be at $ 9500. $150000 would be perhaps be a high price for a 3 – 4 bedroom house.14523 housing Units with majority African Americans.14076 housing units with an almost 50-50 White – Black population the rates for a $168000 in areas such as Parks in zip code 48503 include: McKinley Park , Happy Hollow Nature Area, Memorial Park , Atwood Stadium , Cook Park , Burroughs Park , Swartz Creek Valley Park etc.
By and large if you are looking for properties at throwaway prices compared to some pther counties – welcome to Flint, Michigan .
