I am hearing starter homes in Warren that went for 100k in 2006, are now going for $20 grand. Quite frankly, they are screwed, I do not see them unloading this asset for quite some time.
Just another classic example that union leaders have no place in any kind of business. How many years has it been now that any astute businessman would have instinctively known the market was not there for such a transaction?
Looks like they got shamed by the used car salesman that now occupies the White House.