Black People Politics : How Chinese Investors Are Taking Over Detroit For Themselves

Discussion in 'Black People Politics' started by Clyde C Coger Jr, Feb 17, 2016.

  1. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    In the Spirit of Takeover,

    :facepalm:



    How Chinese Investors Are Taking Over Detroit For Themselves


    “Detroit’s coming back,” Michigan Governor Rick Snyder announced as he left for China to discuss trade. “We’re emerging from the bankruptcy. A lot of things are going on in terms of investments” ...


    http://financialjuneteenth.com/chinese-investors-taking-detroit/


    [​IMG]

    By Robert Stitt



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  2. Kemetstry

    Kemetstry going above and beyond PREMIUM MEMBER

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    We have black people with plenty of money and no foresight. They aren't trying to invest in the future





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  3. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    Its a sad situation bro. Kemetstry, a said situation, which recurs throughout our communities, not just Detroit.

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  4. Kemetstry

    Kemetstry going above and beyond PREMIUM MEMBER

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    After it's all developed, then we try to come in and whine about paying top dollar. They want to reform black bottom. It was an old black business district that was levelled by I-75. They weren't allowed to reform. Yes, racism in the 50s. But there is plenty of cheap land today and plenty of blacks in business. No one has made a move




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  5. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    Wait, hold it ... who wanted to reform black bottom? And who didn't allow them to reform?


    They want to reform black bottom. It was an old black business district that was levelled by I-75. They weren't allowed to reform.


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  6. Kemetstry

    Kemetstry going above and beyond PREMIUM MEMBER

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    This happened in the late 50s early 60s. I-75 wiped out the black business district. They were not allowed to buy land in a given area to relocate back then. This, of course, never would have happened to any other ethnic group.




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  7. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    Okay, I get it now. Black folk were denied by White folk during the 50's and 6-0's.

    Exactly, which is the basis upon which Ta-Nehisi Coates argues for Reparations
    . Coates approaches restitution from real estate disadvantages we suffered during that period of time, and before.

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  8. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    5 White People Own More Rural Land Than All Black People Combined


    It’s no secret that there is a significant and widening wealth gap between Black and white Americans; the gap serves as one of the main arguments in the case for reparations for slavery. As a result of slavery, few Black families are able to amass enough wealth to pass down any generational wealth that would allow Black families to at least put a dent in the overall gap. Highlighting just how drastic the gap is are statistics in the recent Department of Agriculture report “Who Owns the Land.” It reveals that literally a handful (five) of white landowners own more rural land than ALL of Black America combined ...

    ... :facepalm:

    http://financialjuneteenth.com/5-white-people-own-more-rural-land-than-all-black-people-combined/

    [​IMG]

    April V. Taylor


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  9. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    Chinese Investors Snap Up Property in Bankrupt Detroit



    BEIJING — Bankrupt Detroit’s thousands of empty buildings are being flogged at rock-bottom prices — and Chinese investors are answering the siren call of unbeatable deals.

    With family homes regularly selling for around $10,000, the beleaguered Motor City is now the number-four destination for Chinese housing investors in the U.S. Bigger spenders have already snapped up some of Detroit’s most iconic commercial buildings ...



    http://www.nbcnews.com/news/china/chinese-investors-snap-property-bankrupt-detroit-n253186

    [​IMG]
    Ford Field, home of the Detroit Lions, is seen near an abandoned building in September 2013.MIRA OBERMAN / AFP - Getty Images file


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  10. Kemetstry

    Kemetstry going above and beyond PREMIUM MEMBER

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    There will be a thriving China town before there will even be a black bottom




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