Comments on: Rust Belt Cities Recovering from Recession; Sun Belt Cities Still Struggling http://rustwire.com/2009/07/30/rust-belt-cities-recovering-from-recession-sun-belt-cities-still-struggling/ News from the Rustbelt Sun, 06 May 2012 17:20:18 +0000 hourly 1 http://wordpress.org/?v=3.1.1 By: Special K http://rustwire.com/2009/07/30/rust-belt-cities-recovering-from-recession-sun-belt-cities-still-struggling/comment-page-1/#comment-531 Special K Thu, 30 Jul 2009 21:05:53 +0000 http://rustwire.com/?p=1934#comment-531 Its good to see somewhat of a recovery for places like Cleveland and Detroit. But I think it's important to remember they've been suffering for a long time. I heard Cuyahoga County Treasure Jim Rokakis at an event last year, and he was careful to note that foreclosures were rising in Cleveland, all throughout the 90s, before much of the country was paying attention to this problem. Its good to see somewhat of a recovery for places like Cleveland and Detroit.

But I think it’s important to remember they’ve been suffering for a long time. I heard Cuyahoga County Treasure Jim Rokakis at an event last year, and he was careful to note that foreclosures were rising in Cleveland, all throughout the 90s, before much of the country was paying attention to this problem.

]]> By: schmange http://rustwire.com/2009/07/30/rust-belt-cities-recovering-from-recession-sun-belt-cities-still-struggling/comment-page-1/#comment-530 schmange Thu, 30 Jul 2009 21:01:13 +0000 http://rustwire.com/?p=1934#comment-530 Gosh, you're right about that. I should have said the housing market and not the recession. The recession is still bad everywhere. Gosh, you’re right about that. I should have said the housing market and not the recession. The recession is still bad everywhere.

]]> By: Stephen Gross http://rustwire.com/2009/07/30/rust-belt-cities-recovering-from-recession-sun-belt-cities-still-struggling/comment-page-1/#comment-529 Stephen Gross Thu, 30 Jul 2009 19:41:29 +0000 http://rustwire.com/?p=1934#comment-529 Certainly, this information indicates that cities' foreclosure rates may be diminishing. I'm not sure if you can necessarily conclude that the recession is ending any faster in those cities. The recession may have been *triggered* by a housing bust, but that doesn't mean that recession recovery will be triggered by a housing recovery. The financial sector has taken a big hit, and manufacturing continues to decline across America these days. Population declines also continue in may Midwest cities. Certainly, this information indicates that cities’ foreclosure rates may be diminishing. I’m not sure if you can necessarily conclude that the recession is ending any faster in those cities.

The recession may have been *triggered* by a housing bust, but that doesn’t mean that recession recovery will be triggered by a housing recovery. The financial sector has taken a big hit, and manufacturing continues to decline across America these days. Population declines also continue in may Midwest cities.

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