Detroit goes out of buisness, declares chapter 11.

[manimal]

reference? cant seem to see this quoted anywhere.

dead or alive your coming with me

 

[BlahBlahYouToo]

This is how I always picture Detroit.

except less white folk.

 

[Zeze]

I read it on reddit that Chinese are buying land like crazy. They're DIRT cheap, like few dollars.

That's scary for the future and anyone thinking ahead. You never know where Detroit will be in next 10-20 years. If the city ever prospers or even gets established again. That's big big return!

 

[Exterous]

I have an idea for them. Escape from Detroit coming to a theater near you.

I have long thought that we should give movie studios the opportunity to rent blocks of land to do with what they please* as long as they make a nice park or something afterwards. All those movies that CGI to show neighborhoods being destroyed could use actual neighborhoods instead

*assumes nothing toxic or illegal

This is what happens with decades of continuous liberal governing. High debt, high unemployment, welfare dependency, corruption, mismanagement, etc.

Highly inaccurate. This is what happens when decades of white flight are followed by an absolute collapse of the industry the city is almost completely dependent on. If your city's economy is based almost solely on a single business and that business tanks while your city rapidly decreases in size you are going to have a shit ton of problems regardless of who is in charge.

 

[Train]

Highly inaccurate. This is what happens when decades of white flight are followed by an absolute collapse of the industry the city is almost completely dependent on. If your city's economy is based almost solely on a single business and that business tanks while your city rapidly decreases in size you are going to have a shit ton of problems regardless of who is in charge.

lol, what do you think CAUSED the white flight? Have you heard the racist shit that comes out of Detroit politicians mouths?

Suburbs of Detroit are also dependent on that one industry as much as Detroit is, and most of them are actually pretty damn nice, and not in danger of going bankrupt.

 

[JulesMaximus]

They should sell the city to the Chinese.

 

[Spungo]

They should sell the city to the Chinese.

Not a bad idea. That's where they would build the first factory making Chinese cars.... once Chinese people figure out how to make cars. I won't bother linking to those crash test videos :biggrin:

 

[Svnla]

5. A city council comprised of the most incompetent, corrupt and stupid people that could be elected.

And they were re-elected over and over, even after these = http://www.youtube.com/watch?v=qqOSNI7l0bQ

and = http://www.youtube.com/watch?v=OFwavRMPNI8

 

[Train]

And they were re-elected over and over, even after these = http://www.youtube.com/watch?v=qqOSNI7l0bQ

and = http://www.youtube.com/watch?v=OFwavRMPNI8

doesn't even need to be stated.

The idiots in Detroit re-elected Kwame.

 

[Hugo L.]

except less white folk.

7.8% as of 2010, to be precise.

 

[Red Squirrel]

I read it on reddit that Chinese are buying land like crazy. They're DIRT cheap, like few dollars.

That's scary for the future and anyone thinking ahead. You never know where Detroit will be in next 10-20 years. If the city ever prospers or even gets established again. That's big big return!

I seriously thought of doing it myself, but figured the taxes would probably kill me by the time it actually is worth something. Houses/land tends to always go up, but seems Detroit might be the exception to that. :awe:

Really they should just stick a couple nuke plants there to provide enough power to close down all the coal plants in the US. On the other hand do you really want a bunch of thugs running a large scale nuke plant operation. :biggrin:

 

[HardcoreRobot]

i just hope other municipalities learn from detroits mistakes

 

[Hugo Drax]

Uncut footage of the 1967 riots. You can see the beginning of the end for Detroit.

http://www.youtube.com/watch?v=MnrJR9KSJYk

 

[Tweak155]

I read it on reddit that Chinese are buying land like crazy. They're DIRT cheap, like few dollars.

That's scary for the future and anyone thinking ahead. You never know where Detroit will be in next 10-20 years. If the city ever prospers or even gets established again. That's big big return!

The land is probably cheap but the taxes ain't free. They'd probably pay people to take land so they can charge them taxes.

 

[JulesMaximus]

So, what happens now? Do they tear down all the buildings and close the city? Give it back to the Indians?

 

[highland145]

So, what happens now? Do they tear down all the buildings and close the city? Give it back to the Indians?

They'd take one look and D😀:

 

[Exterous]

lol, what do you think CAUSED the white flight? Have you heard the racist shit that comes out of Detroit politicians mouths?

Suburbs of Detroit are also dependent on that one industry as much as Detroit is, and most of them are actually pretty damn nice, and not in danger of going bankrupt.

White flight started because blacks were attracted to the manufacturing job opportunities of Detroit and moved here in droves prompting many whites who didn't want to live/interact with them to leave coupled with high unemployment in the 1950s - not because of racist shit that came out of politicians mouths....well, unless you consider Brown vs Board of Ed to be racist shit. Any claim that white flight started after the rioting and violent outbursts of racial tension in the mid to late 60s completely ignores the ~200,000 mostly white jobs that left for the suburbs from post war until then. It may be the first time the phrase started being used but it started before 1967

As for the suburbs - many are not as dependent on one industry as much as Detroit is. A number of others have been fortunate to hold plants/side industries important enough to keep open. Thus they have not expereienced anything close to the population flight that Detroit has. There are plenty of areas that did not contain plants that were kept open and they have suffered along with Detroit

 

[Train]

White flight started because blacks were attracted to the manufacturing job opportunities of Detroit and moved here in droves prompting many whites who didn't want to live/interact with them to leave coupled with high unemployment in the 1950s - not because of racist shit that came out of politicians mouths....well, unless you consider Brown vs Board of Ed to be racist shit. Any claim that white flight started after the rioting and violent outbursts of racial tension in the mid to late 60s completely ignores the ~200,000 mostly white jobs that left for the suburbs from post war until then. It may be the first time the phrase started being used but it started before 1967

As for the suburbs - many are not as dependent on one industry as much as Detroit is. A number of others have been fortunate to hold plants/side industries important enough to keep open. Thus they have not expereienced anything close to the population flight that Detroit has. There are plenty of areas that did not contain plants that were kept open and they have suffered along with Detroit

Except it wasn't the white flight of the 50's, 60's or 70's that killed Detroit. It was the white flight of the 2000's

From 2000-2010 the city population fell 25%

I should dig up some of the Dennis archer quotes about how white-owned businesses should leave Detroit. He basically set up the city to fail, Kwame stealing a few million for personal pleasure just hurried up the process an all along the corrupt city council stayed in office by blaming all of Detroit's ill's on rich whities from Oakland county.

 

[unokitty]

.. many whites who didn't want to live/interact with them to leave coupled ...

How do I know that you never lived in one of those neighborhoods?

If you had had the chance to observe blockbusting personally, your perspective might be different.

Generally, “blockbusting” denotes the real estate and building development business practices yielding double profits from U.S. anti-black racism; aggravating, by subterfuge, the white home owners’ fears of mixed-race communities to encourage them to quickly sell their houses at a loss, at below-market prices, and then selling that property to black Americans at higher-than-market prices. Given then-standard banking criteria for mortgage-lending, black people usually did not qualify for mortgages from banks and savings and loan associations; instead, they recurred to land installment contracts at above market interest rates to buy a house — a racist economic strategy eventually leading to foreclosure.

With blockbusting, real estate companies legally profited from the arbitrage (the difference between the discounted price paid to frightened white sellers and the artificially high price paid by black buyers), and from the commissions resulting from increased real estate sales, and from their higher than market financing of said house sales to black Americans. The documentary film Revolution '67 (2007) examines the blockbusting practiced in Newark, New Jersey in the 1960s.

Blockbusting was a very common and very profitable form of racist exploitation; for example, by 1962, when blockbusting had been practiced for some fifteen years, the city of Chicago had more than 100 real estate companies that had been, on average, “changing” between two to three blocks a week for years.
.

Racial exploitation whether your black or white is not pretty. Though, clearly many real estate companies found it profitable.

Uno

 

[Exterous]

Except it wasn't the white flight of the 50's, 60's or 70's that killed Detroit. It was the white flight of the 2000's

From 2000-2010 the city population fell 25%

Flight from the city started long before the 2000's and, while not a singular cause on its own, has been slowly killing the city since the post-war years. And the 2000's represented more of a Black Flight than a White Flight:

http://www.mlive.com/news/detroit/index.ssf/2009/09/black_flight_the_new_white_fli.html

How do I know that you never lived in one of those neighborhoods?

Your assumption is completely wrong

If you had had the chance to observe blockbusting personally, your perspective might be different.

😕 I am not sure of your point? My view is that whites feared living next to blacks and left and that large numbers of blacks were moving into the area. Your link would seem to support that:

Generally, “blockbusting” denotes the real estate and building development business practices yielding double profits from U.S. anti-black racism; aggravating, by subterfuge, the white home owners’ fears of mixed-race communities to encourage them to quickly sell their houses

 

[xanis]

I read it on reddit that Chinese are buying land like crazy. They're DIRT cheap, like few dollars.

That's scary for the future and anyone thinking ahead. You never know where Detroit will be in next 10-20 years. If the city ever prospers or even gets established again. That's big big return!

Check it out: http://www.trulia.com/MI/Detroit/

According to Trulia, there are over 1,400 houses listed for $25K or less. I actually even saw a couple on there that were around $15-18K. If you had some spare cash you could totally buy up a few houses and hope that it gets better... though I think 10-20 years is a little optimistic. 😀

 

[T_Yamamoto]

Bankruptcy declared unconstitutional

 

[Svnla]

Check it out: http://www.trulia.com/MI/Detroit/

According to Trulia, there are over 1,400 houses listed for $25K or less. I actually even saw a couple on there that were around $15-18K. If you had some spare cash you could totally buy up a few houses and hope that it gets better... though I think 10-20 years is a little optimistic. 😀

I am not sure about that would be a good idea at some of the neighborhoods.

There was a story in the Wall Street Journal a few months ago about a black professional female who went back to her root to help rebuilding her neighborhood.

Within less than a week after she moved in, her house was broken into and vandalized and her stuffs were stolen. After a few months of repeating incidents with almost no help from the local police, she gave up and moved out to the burb. The newspaper shown the map with her soon to be abandon house and others in the same block, it was shocking and sadden at the same time.

Something about buy the worse house in the good neighborhood >>>>>>>> best house in the bad one.

 

[codyray10]

Fucking Kwame..

 

[unokitty]

😕 I am not sure of your point? My view is that whites feared living next to blacks and left and that large numbers of blacks were moving into the area. Your link would seem to support that:

I found your view simplistic.

My experience was what happened was more complex. And that it involved powerful forces from the real estate industry that worked as agent provocateurs to simultaneously increase white flight and the real estate industry's ability to buy low from whites and sell high to blacks.

Then, when housing values collapsed in one area, these firms would move on to new areas and continue their racial exploitation and profiting.

In Chicago, we called this blockbusting. Perhaps, your experience was different.

My experience is that it impacted both races negatively. The whites that sold low and the blacks that bought high and then saw their housing values collapse. Though, as documented in my previous link, the real estate industry profited greatly.

You are free to view what happened as exclusively a product of 'white fear.' As if 'white fear' was some sort of natural phenomena like the weather that was independent of human manipulation.

Nonetheless denying the existence of real estate firms that made a great profit by exploiting racial fear and denying that these practices victimized both blacks and whites seems to me to be simplistic.

As I said, perhaps your experiences were different.

Uno