Michigan Suffers A Drop In Median Income and a Rise In The Poverty Rate In 2007
By Kirk Westervelt, Kirk Westervelt, Broker In Charge, Van West Realty - CDPE - Short Sale Agent - Home for Sale - Greenville, Simpsonville, SC
(Van West Realty - Greenville, SC Realtor -Short Sale Expert!)
A report was just released that reveals yet another dark cloud of reality over the state of Michigan. Apparently, Michigan was the only state in the nation in 2007 to have suffered both a drop in median income and also a rise in the rate of poverty in the state. I'm originally from Michigan. I grew up in the South Eastern Michigan area and most of my family still lives there. As I speak with my family members and friends in Michigan they're all quick to tell me how bad things are there. Every now and then I'll hear from someone who states with total confidence that "things will turn around for us here in Michigan", or "Michigan is coming back!". I've even heard people say that "Michigan will bounce back in 10 years!". Wow! I don't know how anyone could profess to know what will happen t...
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