Uploaded January 2018 | Updated September 2026, 3 weeks ago
5) Fill in blanks based on what you listen: Part I
Detroit maybe known for Motown, but these days it’s got the blues. Just ask Glemie Dean Beasley. Born on a plantation, Glemie came here 51 years ago looking for something he’d never seen – a paycheck.
“My check was $136.00 at all. I’d never in my life seen a hundred dollar bill, fifty dollar bill. Never! No! We were poor, bad poor.”
Raised poor, he’s gone back to being poor. The paycheck like the _________ is gone. So he’s relying on a skill he learned on a plantation – hunting raccoons and selling the meat to survive. And lately business has been _____. He sells one for fifteen and two for twenty five.
(You have freezer full) (I had a home clean and they were all about there)
(You did pretty good) (Yeahh they’re real good)
Simply put as bad as the economy is America today – it’s worse in Detroit. How bad? As I will discover worse than you can imagine.
As the big three automaker __________ jobs – unemployment has climbed to 22%. Once home to 2 million people – Only 800 thousand are left in Detroit.
“ There’s house down right up there” / “This one coming up down here is wide open.”
Those down workforces had combined to create one ___________ industry - foreclosures.
“Here’s a foreclosure right here. / Here’s a foreclosure right here. “
Mike Shannon sells foreclosed homes in Detroit.
“This neighborhood - look you can see the bushes. They spent a lot …… you know people kept the house really nice and it was rarely, you never see a house sold less than a 100 thousand in this neighborhood. Right now you can purchase homes in here for 5 or 10 thousand dollars.”
And that’s I learned that isn’t bad. Medium home price in Detroit less than 6 thousand dollars and ______________ as foreclosures _____________ the market.
“We take this notice to the door. Then come back over and evict the people in. Everything they own in the house, we place out in the curb and in 24 hours a truck will come and take it away. That’s done.”
How far can a market fall? Well, take a look. This is what happens to an economy in a prolonged _______ ______. Homes are foreclosed then abandoned, then comes the _____.
“The counter tops were taken. Anything with value whatever was in here.. Backdoors gone, sink, windows, gone.
Ceiling is completely collapsed.”
- “And if the seller did not hit 500, and it goes down to 499, go down to 300, 250, a dollar.”
- “Is it possible that this house could sell for a dollar?”
- “Yes, it’s very possible.”
- “And there are houses going for a dollar in Detroit?”
- “Yes, hundreds. Hundreds of houses. And they will be similar to this.”
- “I don’t even know if there’s a deal for a dollar.”
Mike says out state buyers are snapping up homes here in _________. Turning them into rental properties, keeping these neighborhoods on life support waiting for the stimulus to stimulate. And if doesn’t, this happens – neighborhoods dying.
5) Fill in blanks based on what you listen: Part I
Detroit maybe known for Motown, but these days it’s got the blues. Just ask Glemie Dean Beasley. Born on a plantation, Glemie came here 51 years ago looking for something he’d never seen – a paycheck.
“My check was $136.00 at all. I’d never in my life seen a hundred dollar bill, fifty dollar bill. Never! No! We were poor, bad poor.”
Raised poor, he’s gone back to being poor. The paycheck like the _________ is gone. So he’s relying on a skill he learned on a plantation – hunting raccoons and selling the meat to survive. And lately business has been _____. He sells one for fifteen and two for twenty five.
(You have freezer full) (I had a home clean and they were all about there)
(You did pretty good) (Yeahh they’re real good)
Simply put as bad as the economy is America today – it’s worse in Detroit. How bad? As I will discover worse than you can imagine.
As the big three automaker __________ jobs – unemployment has climbed to 22%. Once home to 2 million people – Only 800 thousand are left in Detroit.
“ There’s house down right up there” / “This one coming up down here is wide open.”
Those down workforces had combined to create one ___________ industry - foreclosures.
“Here’s a foreclosure right here. / Here’s a foreclosure right here. “
Mike Shannon sells foreclosed homes in Detroit.
“This neighborhood - look you can see the bushes. They spent a lot …… you know people kept the house really nice and it was rarely, you never see a house sold less than a 100 thousand in this neighborhood. Right now you can purchase homes in here for 5 or 10 thousand dollars.”
And that’s I learned that isn’t bad. Medium home price in Detroit less than 6 thousand dollars and ______________ as foreclosures _____________ the market.
“We take this notice to the door. Then come back over and evict the people in. Everything they own in the house, we place out in the curb and in 24 hours a truck will come and take it away. That’s done.”
How far can a market fall? Well, take a look. This is what happens to an economy in a prolonged _______ ______. Homes are foreclosed then abandoned, then comes the _____.
“The counter tops were taken. Anything with value whatever was in here.. Backdoors gone, sink, windows, gone.
Ceiling is completely collapsed.”
- “And if the seller did not hit 500, and it goes down to 499, go down to 300, 250, a dollar.”
- “Is it possible that this house could sell for a dollar?”
- “Yes, it’s very possible.”
- “And there are houses going for a dollar in Detroit?”
- “Yes, hundreds. Hundreds of houses. And they will be similar to this.”
- “I don’t even know if there’s a deal for a dollar.”
Mike says out state buyers are snapping up homes here in _________. Turning them into rental properties, keeping these neighborhoods on life support waiting for the stimulus to stimulate. And if doesn’t, this happens – neighborhoods dying.
