Extraordinary Genius

Chapter 1716: The Most Dangerous Cities

Next game, the Los Angeles Storm team is flying to Detroit to challenge the pistons over there. But the Windstorm team players were reluctant to go.

Due to the emergence of Feng Yu, the alliance pattern is very different from that of previous generations. The Piston team did not become the overall champion, but it was also the post-season team.

Windstorm players aren't afraid of hardship, they're the city. It's too dangerous.

Detroit, the most famous automobile city in the world, is home to three of the largest automobiles in the United States. With the world's most mature automotive industry system, it was once infinitely scenic and ranked fifth largest city in the United States.

But now, the automotive industry is experiencing serious problems, and all three major car companies in the US are in trouble, and even Fut Motors, which has already lost some of its baggage and received a large amount of cash, are still trying to cut spending.

The most straightforward way is through layoffs.

The three biggest car companies, all of them crazy redundancies, are no less so than those of the banks.

Problems in the pillar industries of a city, with large numbers of people unemployed, create confusion. The US is not a forbidden ~ gun country, many unemployed people will do something illegal to feed themselves.

Detroit's security situation suddenly changed, holding ~ guns ~ robbery, even killing ~ people frequently erupted, others chose to use ~ poison ~ to paralyze themselves, police ~ police not enough.

Didn't the real estate collapse now, many of the houses, were empty. Can't sell it, can't rent it. Many people say that housing policy on the US side is good, permanent property rights.

Saying that Huaxia's 70-year property rights are not good compared to foreign property. But they ignored the fact that the US side is required to pay between one percent and five percent of the property tax each year, and if calculated at five percent, the property rights are less than seventy years old.

And this property tax is based on the market value of the home valuation and is likely to increase every year. And of course, one of the advantages of this is that some scattered houses can be avoided.

If your house is not valued high, you won't make much money after deducting a lot of expenses like transaction taxes, property taxes, lawn maintenance, etc.

So real estate agents in the US, mainly large estates, commercial office buildings and hotels in the golden area, don't have a lot of regular homes.

This is also why many people prefer to return the house to the bank rather than find a way to borrow money to repay the loan. It's not just about paying off the loan, it's about paying taxes and stuff.

With so many unemployed people on Detroit's side, the default rate on mortgages is naturally higher, and there's no income, so it's a yarn mortgage. Workers in Detroit used to be very well paid, but now they have just a little compensation. How dare they repay their loans for the rest of their lives? It's better to choose default.

A large number of vacant houses have become natural safe havens for those who commit crimes. At this time, many vacant houses in Detroit were inhabited, and no one was running them anyway, and there were not so many people running the bank after the layoffs.

This is a very industrialized city, and the evening should, by definition, also be brilliant. But now, on nights in Detroit, those shops have chosen to close, even in bars with better business at night, nightclubs, 24-hour convenience stores, and so on.

In order to save money, many street lights are turned off at night, and it can be seen how poor they are.

It was rumored the other day that an NBL star came out of a nightclub in Detroit with a gun to his head and stole all the cash and gold.

These stars are the people with the highest rate of ~ robbery. Who makes them like to drive alone to hunt ~ gorgeous, and then they don't have any bodyguards around, even when they go out to play, they don't carry guns.

At this time, Detroit's the toughest legal axe. Originally, automotive companies in the US were highly paid and well-off, and there was a very strong organization called the Automotive Union.

To be honest, it's some kind of worker's organization that doesn't matter if your company can run it, but we need to take more money.

Trade unions are said to be a good organization that can claim the treatment they deserve for workers, but if the organization is on track, it is the workers who suffer the most.

The boss quit, he is a rich man himself, you can get away with it. And the workers, the income or something, would be like riding a roller coaster and suddenly falling to the bottom of the valley.

If you want to say that US car companies are in trouble, Detroit is in trouble and has a great relationship with this car union. But those workers, blinded by the superficially prosperous automotive market at the time, knew better treatment, and the result was that businesses were now in trouble, and they were still the most injured.

And the representatives of the automobile unions, they're worry-free, and they're all very skilled and influential, and it's not their turn to be unemployed.

Detroit's fiscal deficit is growing, and they thought it would go away soon. But it didn't occur to me that the price of crude oil had skyrocketed at that time, causing their companies that manufactured high-fuel cars to fall straight in sales.

The best sellers in the US are low-fuel cars, which sell the best in island products, but sales have also fallen dramatically. And America's own three biggest car companies are afraid to stop car credit work now, otherwise their car sales will be even worse.

This creates a vicious circle, which leads to an overburdening of vehicle enterprises.

The more burdensome the car enterprises are, the more they need to shut down factories, layoffs, etc. in order to curtail the flow, the more the unemployment rate of workers will increase, and the more burdensome the political axe will be, at a time when workers are still thinking about increasing their treatment so that they can survive.

The workers with the largest number of US car companies are black people, white people are reluctant to do these jobs, and they prefer to sit in offices. These less educated blacks are the mainstay of the city, and they want to enjoy it and enjoy it more luxuriously than white families of the same income class.

The three largest car companies in the US, in this case, are going downhill faster and faster, and they can't even brake.

It's not the first time Detroit has become the most insecure city in the United States. The last time it was an Internet bubble in '02, the rich auto workers in their hands invested a lot in the stock of Internet companies.

As a result, after Feng Yu poked them, these people lost a lot of money, and even many of them borrowed money to invest.

Detroit was much like it is now, and the law and order were chaotic, and things happen to the dead every day.

These years have not been easy to govern, and now the situation has deteriorated once again as a result of the crisis.

Feng Yu knows that this deterioration will intensify, and the world famous automobile city will be bankrupt in the future. From a thriving metropolis to a miserable world, it's a shame.

……