“Forget it, Jake, it’s Chinatown.”
And the Feds have already approved some Chinese banks to begin opening up branches in the USA. Yes, RED Chinese banks. Why?? For what purpose??
I also heard the US government is building a billion dollar city in Arizona that will have no residents.
Wait til they start paying taxes. We’ll get some of our money back. Move ‘em to Detroit to get an education.
So they are trying to colonize us?
In the movies that never seems work out for alien invaders of America.
We’ll be fine. It’s not like they can take the land with them.
This Japan redux and all that happened was money was in each local economy where they invested.
It’s not like they can take the buildings with them if they leave.
Think Empire State Building. A Japanese billionaire and Trump bought the thing and when it was time to exit the investment they made a little spending money and ownership changed hands to the knew owner.
I’ve got mixed feelings on this. Milan isn’t exactly a hotbed of liberalism so you’ll have Chinese in a situation where hillbilly influence will be strong. There are a LOT of southerners in southwestern Michigan.
As far as special economic zones are concerned, I’ve long said that Detroit should be a duty free city.
It will be populated with PRC military types. Think spies. Saboteurs.
No telling how this will turn out. With all the debt that’s been accumulated, we may have to sell land to foreign interests to pay it off.
Their property. Their business.
Maybe “Capitalist China Takes Big Risk Putting Cash Into Failing, Tribalist Welfare State” would be a more appropriate tile.
It is the oldest real estate trick in the book to buy crappy land somewhere, mark it up big time, and sell it to out-of-towners who either don't know the value of the real estate, or will never show up anyway. An American example would be the Miami Beach real estate scam of the 1920s, where Floridans sold swamp land and plots of land literally offshore in the Atlantic to New Yorkers who they figured would never show up anyway. One of them eventually did go looking for his land, and blew the scam up when he actually found it (under water).
There are reasons these companies are targeting Chinese.
First, the Chinese are sitting on top of one of the largest real estate bubbles ever. People who got in on it are rich and want to continue, and people who got left out want to get in somehow. But the game is over now, at least in China. People need to invest somewhere else if they want to invest in real estate.
Second, it actually isn't that easy for just any Chinese person to legally come over here and live. So if the business was legitimate, why market towards customers unlikely to be able to live there? It makes it easier to run the scam, because the scam is based on the land and the owner not meeting too often.
So if this goes through, the houses will be built, but it will be a ghost city built to crappy standards but will look good in pictures on their website, and it will be filled with eager virtual proud Chinese real estate owners, but who still live in China. Then someone will actually want to live there, and the shoddy construction will be found out, and the game will be over, but by then the company will have disappeared.
We need to put a stop to this crap, or if we let it go, we should try to limit it to revitalizing areas like Detroit or some other city, and to supervise and enforce that these buildings are built up to code of an equivalent building in the country, because we will be owning these houses eventually. We might as well not end up with a bunch of crap we will have to bulldoze soon after the circus leaves town.
Big trouble in little Milan.
Foreigners Across the World
P.J. O’ Rourke
CHINESE
Racial Characteristics:
Hordes of incomprehensible rat-eaters with a peculiar political philosophy and a dangerous
penchant for narcotic drugs. No one can possibly know what dark and grotesque things pass
through the minds of this hydraheaded racial anomaly which is, after all, more like a monstrous
colony of flesh-crazed carpenter ants than a nation of rational men. Only a fool would deal with
two-legged insects ..such as these. Our only hope is that the farsighted leaders of our own land
Will join with those of at least nominally Caucasian Soviet Russia and that together they will
treat us to the welcome spectacle of a thermonuclear obliteration of this yellow menace.
Good Points:
They’re almost as far away as it’s possible to be.
Proper Forms of Address:
Zipper head, Chink, slant, ching-chong Chinaman, yellow peril.
An Anecdote Illustrating Something of the Chinese Character:
Nine hundred million Chinese walk into a bar. They order a beer, pay up, and then just sit there,
sipping their drinks, not saying a word. Finally, the bartender can’t stand it anymore. “We don’t see many Chinese in here,” he says.
“And with this atmosphere of hedonistic individualism capitalistically exploiting the labor of the masses and wasting the people’s agricultural resources,” say the Chinese, “you won’t see many more.”
Of course, this was written before they came to own us.
We should play nice with them.
They hold: the pink slips to our cars, the mortgage on our house and a UCC lien on the contents.
We should be trying to recall when and why the dollar replaced the pound as the world’s currency reserve.
Once we can no longer print money and kite checks/treasury bonds, we’re royally screwed.
There is a Federal Prison in Milan, too. Wonder what side of the city the “Chinese” city would be. It may be down the road from the prison.
This is WAY too close to home and I’m not exactly happy about it.
It will never work! Don’t they know we are against ‘captialism’?
close enough to Detroit, they’ll all be robbed and shot.
This is one of those 0.3 sq mi cities (200 acres). I think we have another name for them....
Did you see this one?
http://www.commentsonnationalamnesia.com/2011/06/01/project-60-china-buying-idaho/
I have no problem with that. I’d rather have Chinese than Muslim cities.
I have no problem with that. I’d rather have Chinese than Muslim cities.