Posted by
Dave Kooker on Friday, December 14, 2007 1:39:30 PM
As a well-funded real estate investor, I love this housing depression. Inventory is reasonably priced and contractors are begging me for anything to do. For the past three-four years, I was always getting snubbed when I needed building maintenance assistance beyond my expertise. Large subdivisions had preference over my ‘small’ jobs.
Last week I had a group of contractors review a house under renovations to bid on a historic wood floor re-finish job. I noticed one of the contractors had an odd accent so I asked him where he was from. He mentioned that he just moved to Jacksonville FL several weeks ago from northern Detroit MI. He stated that economic times from the down sizing automakers are so tough that people were competing/fighting for 7 dollar an hour jobs. Along with the tough economic times there is a large influx of non-assimilating Islamic immigrants who do not reside with a friendly neighbor attitude. The contractor had to finally cut his home ties to Michigan and seek opportunities elsewhere.
The unions and the Federal government have finally killed the goose that laid the golden egg in Detroit (auto industry). There is a point where the parasite(s) kills the economic host for subsistence and then begins to feed on itself. Without industry there are no wages to buy things and pay for the mortgages. I never understood why this is such a tough concept to understand by the liberals (socialist). Entitlements have to be funded by some entity beyond government. The government does not produce but absorbs resources. The Liberal(socialist) politicians must be proud of their accomplishments.
Doing some quick research, I was amazed how many foreclosures there are in the Detroit area and home sellers can hardly give their homes away. Muslims have this in common with liberals, they love despaired urban landscape. Lebanon used to be the ‘Paris’ of the Mediterranean when it was predominately Christian. Now that it is Islamic, it is now a pile of rubble. You now have a clear picture of how utopia looks like in the eyes of a liberal and a Muslim. To a Muslim, Detroit must be the new Mecca.
I am not sure that the residing Muslims have the same idea from a legal sense how Detroit will be governed or if they believe in funding the existing entitlement class. Name me one Islamic country that has an entitlement system.
Maybe some entrepreneurial Muslim will purchase the auto manufacturing plants and call it ‘Mohammed’s Donkey Carts’. It would be fun to watch if the unions and the Federal government have the fortitude to attack his enterprise.
Not too soon from now the only residents in the city will be entitlement class and the Islamic immigrants. It is just a matter of time before Detroit erupts into ‘Paris’ like riots.
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