Detroit files for Chapter 9 bankruptcy amid staggering debts

[Serious]

no @acri1 ?

 

[CACtain Planet]

 

[gho3st]

we should just fukking nuke detroit and start over.

It can be done:

Kwame Kilpatrick

 

[theworldismine13]

Detroit Gap Reveals Industry Dispute on Pension Math - NYTimes.com

 

[MostReal]

this is why I have a problem with the Democratic Party. Instead of teaching & encouraging blacks that we need to become OWNERS in our own community....they keep talking about jobs that cacs won't give us & still keeping high tax rates on the blacks who do stay in the city. Quit taxing your people to death & start creating businesses & using group economics

 

[tru_m.a.c]

This is going to be goldmine for entrepreneurs and enterprising

But, what about all the poor people who doesn't have adequate schooling, transportation system, policing, and hospitals

What about em

Time to invest and make my great grandchil'ren rich

 

[Dillah810]

@Type Username Here yeah its strange because so many young, white recent college graduates and students seem to sort of fetishize Detroit. But its hard to say if its authentic or not. The GOOD part about all this is 3 fold.

1. The introduction of new ideas: Different people think in different ways, the more people the better. And some of these kids are some real outside the box ass people...thus bringing some outside the box ideas on revitalization, small business and art.

2. Rebirth of the Neighborhoods: Detroit isn't like NYC, Chicago, LA or any other big city in the sense that we really don't have the communal "neighborhoods" like those cities. I remember being in NYC and seeing the difference between Bedstuy, Red Hook, and other places. Chicago the same, from Wicker Park to Hyde Park to the Gold Coast ect. Detroiters never really did that, we repped streets (Schoolcraft, 7 Mile, Dexter, 4-1 ect.) The cats are bringing back some of those communities that can self sustain. In Detroit its nothing to have to drive 5-10 mins to go to the grocery store or to do any reasonable shopping, never was a big deal because there was no public transport and we all have cars. But it killed the autonomy of hoods, the ability to shop, eat, lounge, and do everything in walking distance. That is coming back in some areas.

3. Making Detroit "cool" again: It was fun to shyt on Detroit since about the 60's but now, its like kicking a dog when its down. People now want to see the city comeback and the exploding arts and music scene are really happening. Everyone thinks that its going to be Rap but its really not. With acts like Dale Earnhart Jr Jr. and Passalasqua and these alt, indie acts people are coming to places like the Majestic, the Magic Stick and other venues to see Rock and alt. people of ALL races.

I always thought it was weird that Detroit and Flint don't claim neighborhoods. It's not like we don't have them (Del Ray, Brightmoor, Congant Gardens, etc.- Detroit / Indian Village, Civic Park, Maplewood, etc.-Flint) but nobody acts like they exist.

 

[Black Magisterialness]

I always thought it was weird that Detroit and Flint don't claim neighborhoods. It's not like we don't have them (Del Ray, Brightmoor, Congant Gardens, etc.- Detroit / Indian Village, Civic Park, Maplewood, etc.-Flint) but nobody acts like they exist.

It's because after the Riots many of these hoods lost their identity and solidarity. I'm from Brightmoor and all you have to do is ride down Fenkell and see that there were shops, banks, groceries. I whoulda never had to leave walking and or bike riding distance to do anything. But since this is the Motor, we drive all over the fukking place and these little alcoves were forgotten. Mentally is exhausting bro.

The fact that in NYC you don't even have to hop on the train to go to school/eat/chill/shop ect in some places. Man doing anything in walking distance in most hoods in the D means you are into some ratchet shyt...

 

[Mr.Whiskers]

Judge orders Detroit to pull bankruptcy bid - Americas - Al Jazeera English


A Judge ordered that the bankruptcy filing be pulled. They claimed it was unconstitutional (at the state level) because of the effects and implications of power that the filing would have on pensioners.
How long do you think we'll have to wait (and the people of Detroit as well) to see this completely finalized financially? Fed's get involved potentially on judiciary level? A lot of movement could be seen for precedents set (in the judiciary) if the travyon martin case decsion is being kept pushed forward as well.

 

[Captain Crunch]

man if i had some money right now i would buy some lots & real estate down there especially downtown, once they get down gentrifying and start the slow recovery process that land gonna be worth some $$, but that some shyt you buy and just sit on for 20-25 years

Breh, if you stack up $30/week($1560 a year), do that for 2-4 years($6000) and you can easily get you some property within 6 miles of downtown. I'm trying to get me something too.

 

[newarkhiphop]

Breh, if you stack up $30/week($1560 a year), do that for 2-4 years($6000) and you can easily get you some property within 6 miles of downtown. I'm trying to get me something too.

i wish breh am in the middle of fixing my finical situation a.k.a tryin to pay off $40,000 worth of student loans in like 2 years ,

but yea i was watchin some shyt on cnn the other day empty lots and some run down houses was going for like $20k over there , buy one of those and just sit on that paperwork , eventually someone will come knockin, even if u get offered $50-$75k u just tripled ur money , closer to downtown the better

 

[KingpinOG]

thank liberalism.

Detroit was once a beacon for liberalism, only a matter of time before it crashed and burned. Liberalism always does, couple that with the white flight and it was really going down the way of the dinosaur...

According to liberals, Detroit went bankrupt because its government wasn't big enough and taxes were too low.

Harris-Perry: Detroit is “what it looks like when government is small enough to drown” « Hot Air

And Detroit also went bankrupt because of Republicans.

Ed Schultz: “Thanks to a lot of Republican policies, [Detroit] is now filing for bankruptcy” « Hot Air

 

[Captain Crunch]

i wish breh am in the middle of fixing my finical situation a.k.a tryin to pay off $40,000 worth of student loans in like 2 years ,

but yea i was watchin some shyt on cnn the other day empty lots and some run down houses was going for like $20k over there , buy one of those and just sit on that paperwork , eventually someone will come knockin, even if u get offered $50-$75k u just tripled ur money , closer to downtown the better

One of the reasons, I'm glad I didn't go to school. I prob make like a 1/8 of what you make, but I'm stacking up like crazy.

 

[Chris.B]

lol at buying property in Detroit. Might as well flush your money down a sh!thole .

 

[Captain Crunch]

lol at buying property in Detroit. Might as well flush your money down a sh!thole .

How you got those certs, yet don't know shyt

- Detroit is within 4 hours or less from Toronto; Cleveland, and Chicago.
- Whole Foods franchise was recently opened in Detroit(why would a "shythole" get a Whole Foods, and it's the first in the city)
- Dan Gilbert(owner of Quicken Loans) bought up alot of property there.
- The owner of the Tigers and Little Caesar's is trying to get a $600+ mil sports complex in a "shythole" city