I was talking with a liberal some years ago who was telling me that Detroit is coming back!
They've been saying this for years.
Posted on 12/18/2014 10:20:33 PM PST by Jack Hydrazine
It was the city on the verge of collapse, perhaps the ultimate example of how a one-time metropolis turned into a sad memory. For the past four decades or so, Detroit, once a mecca for immigrants and the heart of America's industrial revolution, not to mention pop culture, turned into a virtual ghost town. Businesses shut their doors and residents fled by the masses, from a peak of 1.8 million to around 700,000 today. The rapid decline of the auto industry, which the city once so proudly called its lifeline, unearthed a catastrophic failure. One of the nation's major cities relied solely on a single source of economic growth. And not only that, but that one source failed at its primary job: competing for customer loyalty at a time of expanding global competition.
(Excerpt) Read more at news.yahoo.com ...
Blah blah blah.....sure you can bounce back if you do not pay your obligations.
Is it finally time to buy that 50 dollar house now?
What ever accounting scam they are focused on, I can assure you that the operative word is “BOUNCE”
Being able to squeeze out of paying their bills didn't change things one bit.
All of these idiot Chinese buying $100 homes will figure it out sooner or later...
I think it probably more accurate to call it coming up for third time.
If you want to see the disaster that is Detroit turn into an economic powerhouse just turn the entire metro area into a free enterprise zone with a state/local flat tax of 5% on all earnings, private or corporate.... and fed tax also at 5% maximum in the zone for a total tax rate of just 10%
Change the school system into a voucher system.
Lower the property taxes dramatically.
Within a year [HELP WANTED] signs would be everywhere and real estate would boom.
Major corporations would set up shop in the area to reap the benefits of the reasonable level of taxation.
God only asked for 10% ... why can’t government make do with the same?
The Chinese bought up a giant chunk of those houses. Likely they have been drawn to invest. Take a look at where they have transformed neighborhoods in Southern California and this rebound story may have some credibility when added to what is shown in the video at the link.
I mean I’d be absolutely rich is I just didn’t pay anybody what I owed them....and to have the courts let me get away with it.....OOf da!
then, you do have the crime and the slime and the blight and the democrats....those are tough odds to beat...
Exactly. Sad thing is, like another poster said, this recovery probably won’t last long.
Or you could just nuke it... from orbit... to be sure.
Two words: Coleman Young!
I was talking with a liberal some years ago who was telling me that Detroit is coming back!
They've been saying this for years.
I wouldn’t say they’re bouncing back. They may not have to pay old debt any more, but they’re piling up heaps of new debt AGAIN
Read in the Detroit News this week that some blacks are complaining that whites are taking over the nicer neighborhoods. No joke.
Wow!
The Money Fairy does exist!
...his name is BHO... ... no, wait; actually it is the working, net taxpaying, no union, non government income tax payer.
Those fiscal morons think they've discovered perpetual motion. Those empty high rise cities they've built in China sure attracted unlimited foreign investors.
< /sarc >
Nothing would better rehabilitate the virtues of the British Empire, so despised by Barack Obama who sent Churchill's bust back, than to review the history of Detroit over the last 60 years.
Detroit recovery ping
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