Chapter 1760: The Most Dangerous City
In the next game, the Los Angeles Storm will fly to Detroit to challenge the Pistons over there. However, the players of the Storm Team were not very willing to go.
Due to the appearance of Feng Yu in this life, the league structure is very different from the previous life. The Pistons did not become the championship team, but they are also a playoff team.
The players of the Storm Team are not afraid of difficulties, but the city is too dangerous.
As the world's most famous automobile city, Detroit is the headquarters of the three major American automobile companies. It has the most mature automobile industry system in the world. It was once the fifth largest city in the United States.
But now, there are serious problems in the auto industry, and all the three major auto companies in the United States are in trouble. Even Ford Motor Company, which has gotten rid of some burdens and received a large amount of cash, is still trying its best to reduce expenses.
The most direct way is layoffs.
The three major car companies are all laying off workers crazily. The rate of layoffs is no less than that of banking companies.
A city's pillar industries have problems, and a large number of people lose their jobs, which will cause chaos. The United States is not a country where guns are banned. Many unemployed people will do some illegal things in order to eat.
The law and order situation in Detroit has taken a turn for the worse. There have been frequent incidents of armed robbery, robbery, and even murder. Some people choose to use drugs to paralyze themselves. The police are simply not enough.
Isn't the real estate crash now? Many houses are vacant. It cannot be sold, nor can it be rented. Many people say that the housing policy here in the United States is good, with permanent property rights.
It is not good to say that China's seventy-year property rights are not good, and it is completely incomparable with foreign countries. But they ignore the fact that the United States needs to pay a property tax of 1% to 1.5% every year. If calculated at 1.5%, the property rights are actually less than 70% year.
And this real estate tax is calculated according to the assessed market value of the house, which may increase every year. Of course, this also has an advantage, that is, it can avoid some retail investors speculating in real estate.
If the appreciation of your house is not high, you will not make much money at all after deducting various expenses such as transaction taxes, property taxes, and lawn maintenance costs.
Therefore, real estate developers in the United States mainly speculate in large estates in prime locations, commercial office buildings, and hotels, and not many speculate in ordinary residences.
This is why many people would rather return the house to the bank than find a way to borrow money to repay the loan. Not only do you have to repay the loan, but paying taxes is also a huge expense.
There are many unemployed people here in Detroit, so the mortgage default rate will naturally be higher. If there is no income, then the mortgage will be repaid. Workers in Detroit used to have very high salaries, but now, they only have a little compensation in their hands. For the sake of their future life, how dare they use it to repay the loan? It is better to choose to default.
A large number of vacant houses have become a natural haven for criminals. At this time, many vacant houses in Detroit were occupied by people, and no one took care of them anyway. After the banks were laid off, there were not so many people who took care of such things.
This kind of city with a very high degree of industrialization should be brightly lit at night. But now in Detroit at night, those shops have chosen to close, and even bars, nightclubs, and 24-hour convenience stores that do better business at night have chosen to close.
In order to save money, the government turns off many street lights at night, which shows how poor it is.
A few days ago, there were rumors that after a certain NBL star came out of a Detroit nightclub, someone held a gun to his head and robbed him of all his cash and gold jewelry.
These celebrities are the ones with the highest rate of being robbed. Who made them like to drive alone to hunt~yan, and then there is no bodyguard at all, and they don't even carry guns when they go out to play.
At this time, the Detroit government was the most difficult. Originally, the auto companies in the United States had high salaries and high benefits. There was a very strong organization called the Automobile Workers Union.
To put it bluntly, it means that no matter whether your company can continue to operate,
But we want more money from workers' organizations.
It is said that the trade union is a very good organization that can fight for the treatment that workers deserve, but if this organization makes progress, the workers will suffer the most.
The boss is going to quit. He is a rich man himself, so he can get out of it if he finds a way. As for workers, their income will be like riding a roller coaster, falling to the bottom all of a sudden.
If the car companies in the United States are in trouble, and Detroit is in trouble, it has a lot to do with the auto union. But at that time, those workers were blinded by the superficially prosperous auto market and only knew that they wanted better treatment. As a result, the company is now in trouble, and they are still the most injured.
As for the representatives of the auto union, they can sit back and relax. Anyway, they are all skilled and have a certain influence, and it is not their turn to lose their jobs.
Detroit's fiscal deficit continued to worsen, and they originally thought that this plight would soon be over. But unexpectedly, the sharp rise in crude oil prices at this time caused sales of companies that produce high-fuel-guzzlers to plummet.
The best-selling cars in the United States are low-fuel consumption cars. Among them, products from the island country are the best-selling products, but sales have also declined severely. And the three major car companies in the United States are still afraid to stop their car credit work, otherwise their car sales will be even worse.
In this way, a vicious circle has been formed, and the burden on car companies has become heavier.
The heavier the burden on car companies, the more they need to cut costs by closing factories, laying off employees, etc. This will exacerbate the rise in the unemployment rate of workers, and the burden on the government will be heavier. At this time, workers are still thinking Increase the treatment so that they can tide over the difficulties.
The most workers in American car companies are blacks. Whites are not willing to do these jobs. They prefer to sit in an office. These low-educated blacks have become the main force in the city. They want to enjoy, and enjoy more luxury than white families of the same income level.
The three major car companies in the United States, under such circumstances, are going downhill faster and faster, and the brakes can't stop.
It is not the first time that Detroit has become the worst city in the United States. The last time was during the dot-com bubble in 2002, those car workers who had money in their hands invested a lot in the stocks of Internet companies.
As a result, after the Internet bubble was burst by Feng Yu, these people lost a lot of money, and many of them even borrowed money to invest.
At that time, Detroit was almost the same as it is now. The law and order were chaotic, and dead people happened every day.
In the past few years, it has been managed with great difficulty. Now that the crisis has come, the situation has deteriorated again.
Feng Yu knew that this worsening situation would intensify, and that this world-renowned automobile city would go bankrupt in the future. It's really embarrassing to go from a bustling metropolis to a miserable world.
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