You probably don’t need us to tell you that Michigan’s economy is currently on low. We’re facing one of the worst housing meltdowns of all time, foreclosures are at near record levels, many people have lost their jobs, and a lot of once proud local business establishments are either shutting down or moving to more fertile ground.

(Incidentally, Dante Chinni has an interesting little take on our local economy in an item appearing in today’s The Christian Science Monitor: “In affluent Michigan, a firsthand look at the trickle-up recession.”)

In any event, if you’re thinking about buying, fixing up, and eventually flipping a property, you may want to read an article featuring our founder and CEO (Ralph R. Roberts) in this week’s edition of Crain’s Detroit Business:

For more, including Ralph’s own thoughts on flipping houses in this economy, read “Some area house flippers find upside to housing downturn” by Tom Andrew of Crain’s Detroit Business.