Which Way, L.A.?
Tracking the Recession: Region by Region
In Detroit, the median price of a home is now estimated at $7500, less than the lowest priced new car on the market. In Lehigh Acres, once a middle-class suburb of Miami, one out of every four people is now on food stamps.
By Warren Olney • • 1 min readIn Detroit, the median price of a home is now estimated at $7500, less than the lowest priced new car on the market. In Lehigh Acres, once a middle-class suburb of Miami, one out of every four people is now on food stamps. What’s now being called the Great Recession comes hard on the heels of a massive boom in construction.We examine the impact of the recession in different regions and their different prospects for economic recovery.
Listen to this discussion, broadcast earlier today, on
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