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Originally Posted by Lone Gunman |
Thanks for the link Gunny.
I just now read your link and want to state that things are different here as compared to Wisconsin.
Ole Dodge has already gone through its rush to buy casas through mortgage companies that catered to income based applicants. That was in the days of high hours on the floor. Our sit-ee granted abatements to open a two-shift operation at National that dropped the weekly number of hours per worker to nearly a 40 hour week, leaving the remainder of the work to be done by the 'second shift' so we now have nearly twice as many workers doing the same work as an 'overtime' paid shift. That has created severe reduction of the take-home pay for those workers wanting to obtain equity in their casa; and subsequently, a higher number of defaults, a higher number of 'stacked' living arrangements and a high number of modestly priced homes on the market.
Simply stated: Instead of having a single shift making lots of money (and paying its bills) we now have two shifts garnering sub-standard pay and defaulting on every "cost" of living.