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Detroit files for bankruptcy

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Old
07-18-2013, 08:47 PM
  #1
SNES
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Detroit files for bankruptcy

Alfie better hope his house doesn't catch fire or he needs to call the police for something, might have a long wait...

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07-18-2013, 08:58 PM
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PinkPanther
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I heard about that today on the news. Didn't realize how dire the situation in the City of Detroit was. Funny, the first thing I thought of Alfie moving there. Don't know if I've ever heard of a City declaring bankruptcy. I worked for municipal government for a long time, lots of overhead but they rake in billions in revenue too. Sad times in Detroit.

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07-18-2013, 09:01 PM
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BK201
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I told people about how screwed Detroit really is right before Alfie actually signed.

Someone thought I was just making things up...

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07-18-2013, 09:02 PM
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StefanW
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Something tells me that athletes making 6 million per season wont be as hard done by as the average citizen.

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07-18-2013, 09:14 PM
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Nac Mac Feegle
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Originally Posted by PinkPanther View Post
I heard about that today on the news. Didn't realize how dire the situation in the City of Detroit was. Funny, the first thing I thought of Alfie moving there. Don't know if I've ever heard of a City declaring bankruptcy. I worked for municipal government for a long time, lots of overhead but they rake in billions in revenue too. Sad times in Detroit.
Detroit hasn't had the money for a few years now to even replace the burnt out street lights in many areas. There are streets in Detroit that are nearly pitch black at night. I guess that's why they had over 180 homicides in 2012. Pretty damned scary.

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07-18-2013, 09:20 PM
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Pancakes Pancakes
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Good luck to Alfie and moving his whole family. Hopefully they don't need any emergency services! Great decision.

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07-18-2013, 09:31 PM
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Benjamin
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Im gonna go ahead and assume Alfie doesn't care one bit about Detroit.

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07-18-2013, 09:36 PM
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Pancakes Pancakes
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Im gonna go ahead and assume Alfie doesn't care one bit about Detroit.
Pretty safe assumption when you consider that he didn't seem to care one bit about Ottawa after 17 years!

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07-18-2013, 09:51 PM
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I'm sure it's been mentioned but Alfie will not likely be living in the city proper. He'll be in the places that have not declared bankruptcy (ie. the suburbs around Detroit) with the rest of the 'haves'.

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07-18-2013, 09:52 PM
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Karl Cowensson
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Not too surprising, considering how bad Detroits been for years. Hell, there are a couple of States that are on the verge of bankruptcy.

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07-18-2013, 09:56 PM
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Iggy77
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Now Alfie realizes why surviving to play 10 games gets him a $2M bonus.

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07-18-2013, 10:26 PM
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stevrock
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Originally Posted by StefanW View Post
Something tells me that athletes making 6 million per season wont be as hard done by as the average citizen.
They've taxed corporations and the middle class out of their city.

What makes you think they won't move on to the larger fish?

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07-18-2013, 10:50 PM
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McManked
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Murica doesn't even have a AAA credit rating.

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07-18-2013, 10:52 PM
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Ski
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Murica doesn't even have a AAA credit rating.
And your point is..

http://www.nbcnews.com/business/mood...ive-6C10680038

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07-18-2013, 11:00 PM
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BK201
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People said Alfie Will most likely live in Oakland county anyways which is one of the richest parts of the USA and Detroit is technically Wayne county.

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07-18-2013, 11:03 PM
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Droc
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Leaves high income luxury neighborhood to raise family in city that went from over 2m people to 700k. A city where they only have enough drivers for 1/3 their ambulances and they dont even put out fires, just keep it from spreading from one desolate building to the next. I cant see why you wouldnt want to expose your kids to the extreme crime and absolute poverty.

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07-18-2013, 11:16 PM
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PeterSidorkiewicz
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The chances of Alfie living in downtown Detroit are probably zero. I work for Oakland County, the adjoining county, and we have our budget balanced already through 2018 and are known as one of the most technologically advanced counties in the nation. Were still working on our free wireless program so everyone has access to free wireless throughout the entire county. Detroit I believe is the 4th city in the U.S. to declare bankruptcy, I believe Stockton, California is another one.

Detroit is a pretty messed up city, but there are actually parts of the city where I would live easily that are being invested in pretty heavily. One of the big problems is the high property taxes, and no one actually living there or being able to pay those property taxes. Most people are hoping the emergency financial manager can turn things around, the city of pontiac has one, well their second one, and he seems to be turning things around. The city council in Detroit is a pretty big joke and are as corrupt as corrupt can be, yet citizens don't care and just keep voting the same people in, it's very weird.

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07-18-2013, 11:18 PM
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Benjamin
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Quote:
Originally Posted by Droc View Post
Leaves high income luxury neighborhood to raise family in city that went from over 2m people to 700k. A city where they only have enough drivers for 1/3 their ambulances and they dont even put out fires, just keep it from spreading from one desolate building to the next. I cant see why you wouldnt want to expose your kids to the extreme crime and absolute poverty.
Rich people dont live in poverty area's.

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Old
07-18-2013, 11:37 PM
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HavlatMach9
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I know many have said not too surprising, but if you visit the Detroit forum, you get the impression that you could have predicted this actually about half a century ago .

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07-19-2013, 12:24 AM
  #20
BankStreetParade
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The only question I thought of when I heard about this was "What the hell took so long?"

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Old
07-19-2013, 06:45 AM
  #21
Back In Black
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I guess Alfie didn't see that coming!

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07-19-2013, 06:57 AM
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Vesa Awesaka
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i'm guessing houses are going for real cheap atm

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07-19-2013, 07:36 AM
  #23
BK201
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Originally Posted by Vesa Awesaka View Post
i'm guessing houses are going for real cheap atm
For sure they are.

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07-19-2013, 07:43 AM
  #24
Vaclav Varada
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07-19-2013, 08:18 AM
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McManked
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A couple years ago, the MEDIAN house price was $13 000 in Detroit. $13 000 in Ottawa gets you a shack in the valley.

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