top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

Detroit homes sell for $1 amid mortgage and car industry crisis

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    #16
    Another huge factor in the demise of Detroit was the significant reliance on a single industry. Automobiles. When unions demaned higher and higher wages/benefits without increasing the value and quality of the product, the industry was doomed. Automobile unions negotiated themselves out of a job.
    This, coupled with horrible elected leadership was destined to destroy the city.
    Wife Laid off - 11/16/2009 Missed First Payments - 12/5/2009
    Filed Chap 7 - 12/31/2009
    341 - 2/12/2010
    Discharged - 4/19/2010

    Comment


      #17
      I couldn't agree more. Heck, my dad was a union rep then decided to be a janitor for GM. He made more money as a janitor than I do. I have BS\BM. Auto workers have some sense of entitlement and are now starting to get a wake up call.. Still sad...

      Originally posted by BCA2009 View Post
      Another huge factor in the demise of Detroit was the significant reliance on a single industry. Automobiles. When unions demaned higher and higher wages/benefits without increasing the value and quality of the product, the industry was doomed. Automobile unions negotiated themselves out of a job.
      This, coupled with horrible elected leadership was destined to destroy the city.

      Comment


        #18
        Let's not forget to give credit where credit is due!

        Detroit Public Schools Board President
        Well, I did. Every one of 'em. Mostly I remember the last one. The wild finish. A guy standing on a station platform in the rain with a comical look in his face because his insides have been kicked out. -Rick

        Comment


          #19
          Originally posted by backtoschool View Post
          "White Flight" is simply a cultural-slang expression to denote the suburbanization of certain urban areas.
          Not exactly.

          The term is specific to white people moving out of the city, increasing minority population. If it weren't, it would just be "people flight" or something like that.
          attorney consult and decided to file, 02/15/2010
          no-asset Chapter 7 filed, 03/11/2010
          341, 05/10/2010
          discharged, 07/13/2010

          Comment

          bottom Ad Widget

          Collapse
          Working...
          X