To: Oldeconomybuyer
The private sector will leave the city. There will be empty business districts with abandoned buildings owned by banks after the property owners default. Zero tax revenue.
6 posted on
02/09/2012 9:27:49 AM PST by
Myrddin
To: Myrddin
They already have left, the City is a armpit. I had a Business there for 20 years, closed it in l999. Was through there last week. It is a little Tijuana.
To: Myrddin
The private sector will leave the city. There will be empty business districts with abandoned buildings owned by banks after the property owners default. Zero tax revenue.
Actually, that pretty much describes Stockton now. If it weren't for the illegals, the place would be deserted.
Most of the illegals bought houses on liar loans and now are just squatting in the houses since the banks don't care about it. They cannot sell the foreclosed houses anyway.
This place is Detroit-West.
9 posted on
02/09/2012 9:52:01 AM PST by
fifedom
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