Skip to comments.Cannibalizing Capital (The City of Detroit intends to knock down 10,000 homes and buildings)
Posted on 05/18/2010 10:32:09 AM PDT by SeekAndFind
Detroit has lost it’s mind.............
This guy has never heard of Joseph Schumpeter.
A long series of mistakes got Detroit to where it is. Tearing down these empty buildings might be a good sign. It shows a belated connection with reality. Left empty, these houses would just attract squatters. It also costs too much to continue serving a neighbourhood, where most of the buildings are vacant.
I’ll always wonder now if the ‘Homesteading’ proposed by Jack Kemp for these blighted areas would have worked.
Ah, well, the Socialists find another way to misalocate resources and blame the capitalists!
Good article about a great teachable moment.
Only fools believe you can cut your way into prosperity.
Surely they're not being influenced by friends in the real-estate business who hold lots of inventory that they bought too dear. Government-induced scarcity? Impossible, pardon my leaping to conclusions.
You can buy a house in Detroit for less than a car.
Best that Detroit get cracking and knock down the 100,000+ surplus pieces of trashboard they have scattered around the area.
Detroit jumped the gun on the Interstate highway race back in the 1950s and 1960s and didn't take long enough to plan what they'd like to get rid of.
Not too late though.
The Philosophy of “Deconstruction” made concrete.
This is the end result of Socialism. The productive economy disappears. No one is left to pay for the hand outs that 3/4 of the population get. You have a ghost town filled with buildings with nothing going on in them. No one wants to buy even a nice house in the area because there is nothing to do there to make a living. People just flat out forget how to be self-sufficient. The land reverts to its natural state. The standard of living declines rapidly to the point of a Third World nation. Its scary how quickly parts of America can revert to Third World status.
Somebody have a brother-in-law in the demolition business? Just another way to redistribute wealth into the thugs pockets.
So, did PONTIAC finally win his war against Fort Detroit?
For those out of the loop, read THE CONSPIRACY OF PONTIAC by Francis Parkman.
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I’ve no idea of the condition of these 10K buildings but Detroit is full of homes that would cost more to properly renovate than they would ever be worth.
While knocking down the homes alone won’t make things better it is a sign that, finally, Detroit get’s just how much trouble they are in. Right now Detroit needs some seriously good urban planning if they want to save the city
1) Getting rid of the homes that can not be salvaged and *giving* the land to the adjacent homeowner (if the owner lives there) on the condition that the property is properly cared for (landscaped/maintained) for a decade
2) If the lot(s) are big enough give the land land to small businesses or corporations who will serve the neighborhoods with near by jobs and services. This can and should include corporations that have small footprint shops and stores.
3) Forgiving all real estate taxes on the property given to business that employ people who live in Detroit.
4) Reduce the size of government by reducing council seats
5) Increase the number of charters granted for charter schools that are neighborhood based to reduce the cost of busing.
as soon as they’re done knocking down 10,000 homes they’ll be screaming for more Federal Aid for the Homeless
Some houses cant be given away, quite literally...
A house abandoned for a year needs a lot of repair... A shoddy house abandoned for a decade is beyond salvage.
60 years ago, the city of Hiroshima was a total wreck with no buildings left standing and people starving everywhere.
60 years ago, Detroit was one of the world’s most thriving cities and the industrial engine of the USA. 80% of the world’s automobiles and engines were made in Detroit. The city had a vibrant, thriving cultural scene as well.
Now, 60 years later, as we look at Hiroshima vs Detroit, we might as well ask ourselves -— who the heck won the war?
I like the article, but I wouldn’t take the author at face value:
“Houses worth $100K, $200K, $500K, and more will be destroyed.”
So, he would pay 1,2 or 5k right now for them? Really?