Being able to squeeze out of paying their bills didn't change things one bit.
All of these idiot Chinese buying $100 homes will figure it out sooner or later...
Those fiscal morons think they've discovered perpetual motion. Those empty high rise cities they've built in China sure attracted unlimited foreign investors.
< /sarc >
Nothing would better rehabilitate the virtues of the British Empire, so despised by Barack Obama who sent Churchill's bust back, than to review the history of Detroit over the last 60 years.
I don’t think Detroit is any better now, but if they continue losing population that is a good start. Here in the northeast they have to expel the undesirables to start a recovery (the money won’t come if the gibsmedats are in charge); it appears in Detroit they are “self-expelling”.
Years ago there was talk of a revival of Asbury Park, NJ; it was supposed to become a mecca for NYC-area homosexuals. When they realized the gibsmedats would be a few blocks from them, the plans shut down; they were smart enough to know they were being drawn there to pay for the gibsmedats’ “services”. Jersey City, on the other hand, has gone through an ethnic cleansing of whole neighborhoods to attract monied residents from NYC as it continues to deteriorate.
“All of these idiot Chinese buying $100 homes will figure it out sooner or later... “
Maybe the Chinese are playing a long game. Buy enough land in a place and eventually....
What you describe is the phenomenon of willfully mistaking circumstantial evidence with empirical evidence. Liberals engage in this practice to pretend their stupid ideas are not failures. My opinion is: Unless Detroit is put under martial law and the denizens have no part in the political process, or they remove the present occupiers, there really is no hope.