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#2
10-23-2013, 11:57 PM
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China Buys Detroit.
__________________
Mike Murrell 1991 300-SEL - Model 126 M103 - SOHC "Fräulein" 
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#3
10-24-2013, 12:15 AM
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Some believe that Detroit, MI area will be a huge business hub once again off in the future sometime.
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#5
10-24-2013, 12:57 AM
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Detroit has a built out, if aged, infrastructure. But what other attributes does it possess that would lure business to locate there?
Texas is full of towns that once were thriving hubs, but when the oil ran out the towns withered. Oil is once again a growing industry in Texas, but automation and improved highways have replaced the need for workers to live near the equipment and regardless of where the growth has been in oil production the population increases have almost exclusively been in the larger cities. What can Detroit offer besides cheap real estate? Note that real estate is cheap there for the same reason anything is cheap anywhere. No one wants to buy it.
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#6
10-24-2013, 03:24 AM
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Are there still people living in "tent city"?
I saw a BBC program on it - the word tent seemed to me to be a bit grand for what they had.
__________________
1992 W201 190E 1.8 171,000 km - Daily driver 1981 W123 300D ~ 100,000 miles / 160,000 km - project car stripped to the bone 1965 Land Rover Series 2a Station Wagon CIS recovery therapy! 1961 Volvo PV544 Bare metal rat rod-ish thing I'm here to chat about cars and to help others - I'm not here "to always be right" like an internet warrior  Don't leave that there - I'll take it to bits!
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#8
10-24-2013, 10:52 AM
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Quote:
I think the Chinese will have a real eye-opening experience when they go to the neighborhood meetings for the first time.... 
__________________
Strelnik Invest in America: Buy a Congressman! 1950 170SD 1951 Citroen 11BN 1953 Citroen 11BNF limo 1953 220a project 1959 180D 1960 190D 1960 Borgward Isabella TS 2dr 1983 240D daily driver 1983 380SL 1990 350SDL daily driver alt 3 x Citroen DS21M, down from 5 3 x Citroen 2CV, down from 6
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#9
10-24-2013, 11:23 AM
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The real people who stand to money off this aren't the buyers. They're the pimps and middlemen who are selling homes sight-unseen to Chinese investors. Often without informing them about back taxes, etc, so the home goes on the block again in a year, and the pimps make more money.
As to the "investors", no sympathy from this quarter. If you're goat-stupid enough to buy a property sight-unseen and without knowing the area, local laws, and local customs, you'll get what you've paid for.
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#10
10-24-2013, 11:30 AM
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These foreign buyers may get some special deal...forgiven back taxes, etc. Detroit politicos/bankers may be desperate enough to wipe the slate clean.
__________________
Mike Murrell 1991 300-SEL - Model 126 M103 - SOHC "Fräulein"
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#11
10-24-2013, 11:34 AM
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Quote:
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#12
10-24-2013, 11:41 AM
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Quote:
__________________
Mike Murrell 1991 300-SEL - Model 126 M103 - SOHC "Fräulein"
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#13
10-24-2013, 12:27 PM
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Oh
Quote:
They would not beat them or eat them, (would they?)..... Detroit Is the Wild Wild midWest as Woman Fights For Life While EMS Looks On! (Video) | EURweb Lisa Eats Her Cat's Hair, Has Consumed More Than 3,200 Hairballs: TLC's 'My Strange Addiction' (VIDEO) Detroit bus brawl: Shocking video shows driver come out fighting after passenger spits on her because the machine kept her ticket | Mail Online 6 students arrested in fights at high school in Ferndale; staff member suffers broken leg | Detroit Free Press | freep.com RAW VIDEO Brawl at Detroit casino caught on camera - YouTube .
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#14
10-24-2013, 12:29 PM
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Quote:
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#15
10-24-2013, 12:36 PM
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I have toyed with the ideal of the Chinese starting to manufacture cars here at some point when the dust clears. Even though most new foreign manufacturing ventures seem to be currently locating in the southeast.
It has been said they plan for 20-30 years down the road. Chinese car plants in north America are going to be a probable reality at some point. I really expect some laws to emerge if not already present. Basically being if you sell a lot of cars here there must also be some serious presence. Plus the Chinese currency will increase in real value as soon as they have the market share they want locked up in certain sectors. The Chinese currency manipulation to enable this we have today will not last forever. Watch out for their dominance in eliminating competition in many sectors over time. They have already done it in several fields. Also do not assume there stuff will always be junk. . I think the large flat screen televisions we have are primarily either all Chinese or Chinese controlled for example. It is unlikely we could match their current quality and price in any way already. Nor could any other place in the world currently. I think if we really examined things carefully we might be surprised at the amount of items now produced there that are as good as produced anywhere and a lot cheaper to manufacture at the same time. It was a major flaw or misteak when it was assumed years ago. Japan could only produce junk and the lesson should not be forgotten. Japan seems today the victom of the Chinese economic expansion as we were to the Japanese original economic expansion. When the Chinese are finished if not already we will have been hit by a double whammy. What has to be given more than just lip service is times will change as we knew them is pretty much a certainty. Also if a Chinese national owns property here it may be very easy for him to arrive here at a later date.
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