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Thread: Detroit files for bankruptcy

  1. 19th July 2013, 06:53 AM #1
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    Detroit files for bankruptcy

    I saw this story on NBCNews.com and thought some might find it interesting. Bob

    ** Detroit becomes largest US city to file for bankruptcy **

    Detroit becomes largest US city to file for bankruptcy - NBC News.com
    I’m pretty sure the dinosaurs died out when they stopped gathering food and started having meetings to discuss gathering food

    A bookshop is one of the only pieces of evidence we have that people are still thinking
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  2. 19th July 2013, 10:09 AM #2
    ATH
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    I haven't bothered reading anything about Detroit's woes as it's probably just another example of massive over spending by their elected politicians.
    No doubt lots of taxpayers funds went on feel good projects so dear to all the scum ordinary people keep in soft jobs.
    AlanH.
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  3. 20th July 2013, 08:45 AM #3
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    More on the story, Bob courtesy of BBC news

    Legal battle over Detroit bankruptcy
    The US city of Detroit enters a legal battle as a judge rules the federal petition for its bankruptcy violated state laws and constitution.

    I’m pretty sure the dinosaurs died out when they stopped gathering food and started having meetings to discuss gathering food

    A bookshop is one of the only pieces of evidence we have that people are still thinking
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  4. 20th July 2013, 03:30 PM #4
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    I think things are bad over there
    just checked real-estate.com

    there are 237 homes for sale UNDER $10,000

    RealEstate.com - Detroit, MI Homes for Sale, Foreclosures, Short Sales
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  5. 20th July 2013, 06:53 PM #5
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    Rats fleeing a sinking ship has never been more true
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  6. 20th July 2013, 07:18 PM #6
    Dougal
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    Quote Originally Posted by goingbush View Post
    I think things are bad over there
    just checked real-estate.com

    there are 237 homes for sale UNDER $10,000

    RealEstate.com - Detroit, MI Homes for Sale, Foreclosures, Short Sales
    But some real estate guy told me property never goes down in value.
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  7. 21st July 2013, 11:32 AM #7
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    Quote Originally Posted by goingbush View Post
    I think things are bad over there
    just checked real-estate.com

    there are 237 homes for sale UNDER $10,000

    RealEstate.com - Detroit, MI Homes for Sale, Foreclosures, Short Sales
    It's the squatters with the right to bear arms that may turn buyers off. Bob
    I’m pretty sure the dinosaurs died out when they stopped gathering food and started having meetings to discuss gathering food

    A bookshop is one of the only pieces of evidence we have that people are still thinking
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  8. 21st July 2013, 11:59 AM #8
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    I've had a fascination with Detroit for a few years now, and seeing this has only served to fuel the curiosity... So tempting to take a punt on 3 or 4 of those cheep houses and sit back and see where the city goes.. Who knows, 15 yrs time and it could be thriving, and if it isn't, not a lot lost! Anyone wanna do the same??
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  9. 21st July 2013, 12:12 PM #9
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    Quote Originally Posted by Sitec View Post
    I've had a fascination with Detroit for a few years now, and seeing this has only served to fuel the curiosity... So tempting to take a punt on 3 or 4 of those cheep houses and sit back and see where the city goes.. Who knows, 15 yrs time and it could be thriving, and if it isn't, not a lot lost! Anyone wanna do the same??
    Would be fine if you could just sit back and see what happens but you might need some professional help to decipher all this.
    Taxes - Property Tax

    I see the $1 house is still there
    RealEstate.com - 4700 SAINT CLAIR, DETROIT, MI 48214

    and if you check street view its certainly not the worst house in the street
    https://maps.google.com/maps?q=4700+...IN0Sl5gD9ToUnw
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  10. 21st July 2013, 12:36 PM #10
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    If people are leaving the city perhaps it would be a good policy option to send the boat people to Detroit instead of Papua New Guinea.
    Just an idea for the opposition
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