Chinese Investors Snap Up Property in Bankrupt Detroit

NBC News ^ | 11/22/2014 | ERIC BACULINAO

[bkopto]

The chinese there ought to build The Great Wall of Detroit, to keep the GibsmeDat barbarians out. Not only that, the chinese will see what American communism looks like, close up and personal.

[familyop]

Hmmm...they might call it New Western Mongolia, or New Manchuria, or...

[KittyKares]

Did anyone catch the part about Obama granting Chinese businessmen and tourists 10-year visas? If you follow the link, Obama says the move will boost jobs in the United States.

[Veto!]

Does this mean a wave of Chinese immigration?

At least them come with ambition and a work ethic.

[Disambiguator]

I see gang members disappearing. Local Chinese population sees nothing.

[TigersEye]

Good ruck!

[JohnBovenmyer]

Better check for overdue taxes and water bills owed on the property before you give the owner his pair of shoes price. Lots of overdue bills in Detroit and Detroit needs $.

[wille777]

Purchases of run-down Detroit homes headed by prominent Chinese investor Wei To Lo.

[ImJustAnotherOkie]

My father who was a pilot in WWII told me they always picked pass phrases with lots of L’s to trip up the Japs.

Lotsa Luck was a favorite.

[Captainpaintball]

Instead of WASTING his money on charities, Bill Gates, Buffett and the rest of the rich assholes should be buying up detroit, taking the loss and explaining it as “environmentally friendly/community centered” philanthropy, and creating parks, farms or factories in place of the current ruins.

[wetphoenix]

~Moving in a number of Asians would improve the overall intelligence of the area quickly.~

It won’t be pretty for aborigines.

[Jimmy Valentine]

Absent a major positive change in city government this will be a financial sink hole The ghost of Coleman Young is rubbing its hands in anticipation

[WKUHilltopper]

LOLOLOLOLOL!!!!!!!!!

[MeshugeMikey]

there we have it.

Most Real Estate in the bowels of the Rust Belt has not fard well at all in recent decade

[Amagi]

Swell.
American Communists destroy Detroit so that Chinese Communists can buy it.

[SunkenCiv]

Heh... at least when the Japanese thought they were riding high they bought Rockefeller Center, Hawaiian golf courses, and other things that would eventually be worth something.

[GOPJ]

Asians moving in would cut the crime rate...

[MarMema]

I just came through Detroit twice last week and wanted to say that the signs on 275 for returning rental cars are awesome!!!

I would never have found Hertz without them. God Bless Detroit.

[huldah1776]

They do now.

[dfwgator]

Eventually most of our cities will go through what Detroit has, and Detroit will be ahead of the curve by then.