Mark what I said was that most of the adjustable rate mortgages were on homes of higher value. Were there some lower income people who took em? Sure. But most of the housing meltdown was not cheap homes. Close to 75% were home worth 250K or more. I will point out that most people who could afford a 150K home back in 15 years or so ago had enough of an education that they should have known better. And I just looked, median price of a home in Detroit MI in 2008 was 34,500. Now maybe they were worth more in the burbs but in Detroit they were not worth much. In fact according the the US government the average value of a home foreclosed on during the housing meltdown in 2008/09 was 242,000 dollars. That's the average value. According to other research Detroit was in decline for 30 years prior to the meltdown, had much higher than average poverty rates and declining home values even back then. Funny how Detroit has had lib leadership for 53 years and has been in decline sense the 70's?
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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