In the next game, the Los Angeles Storm will fly to Detroit to challenge the Pistons there. However, the players from the Storm Team were not very willing to go.
Due to the emergence of Feng Yu, the league structure in this life is very different from the previous life. The Pistons did not become the championship, but they were still a playoff team.
It's not that the Storm players are afraid of hardship, it's that the city is too dangerous.
As the most famous automobile city in the world, Detroit is the headquarters of the three major automobile companies in the United States. It has the most mature automobile industry system in the world. It was once famous and ranked as the fifth largest city in the United States.
But now, serious problems have arisen in the automobile industry. All three major automobile companies in the United States are in trouble. Even Ford Motor Company, which has shed some of its burdens and received a large sum of cash, is still trying its best to reduce expenses.
The most direct way is to lay off employees.
The three major car companies are all frantically laying off employees, and the magnitude of these layoffs is no less than that of banking companies.
If a city's pillar industries have problems and a large number of people lose their jobs, this will cause chaos. The United States is not a country that bans guns. Many unemployed people will do some illegal things in order to eat.
The security situation in Detroit has taken a turn for the worse, with armed robberies and even murders happening frequently. Some people choose to use drugs to numb themselves, and the police force is simply not enough.
Isn’t the real estate crashing now? Many houses are vacant. You can’t sell it, you can’t rent it. Many people say that the United States has good housing policies and free property rights.
It is said that China's property rights in the past seventy years are not good, and they are 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 according to 1.5%, then the property rights are actually less than 70%. Year.
And this property tax is calculated based on the assessed market value of the house, which may increase every year. Of course, this also has an advantage, that is, it can prevent some retail investors from speculating on real estate.
If the appreciation of your house is not high, you will not make much money at all after deducting transaction taxes, property taxes, lawn maintenance expenses and many other expenses.
Therefore, real estate developers in the United States mainly speculate in large estates, commercial office buildings, and hotels in prime locations, and not many ordinary residential buildings.
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 pay back the loan, but paying taxes is also a huge expense.
There are a lot of unemployed people here in Detroit, so the mortgage default rate will naturally be higher. If you have no income, you will have to pay a low mortgage loan. Detroit workers used to have very high salaries, but now, they only have a little compensation. For the sake of their future lives, how dare they use it to repay their loans? It would be better to default.
A large number of vacant houses have become a natural haven for criminals. At this time, many vacant houses in Detroit are occupied by people, and there is no one to take care of them anyway. After the banks have laid off employees, there are not so many people to take care of such things.
In a city with a very high degree of industrialization, it stands to reason that it should also be brightly lit at night. But now in Detroit at night, those stores have chosen to close. Even bars, nightclubs, and 24-hour convenience stores that do better business at night have also chosen to close their doors.
In order to save money, the government turns off many street lights at night, which shows how poor people are.
There were rumors a few days ago that after a certain NBL star came out of a Detroit nightclub, someone put 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 makes them like to drive alone to go hunting, and then there are no bodyguards around them? Even when they go out to play, they don't carry guns.
The political ax in Detroit was the most difficult at this time. Originally, American automobile companies had high salaries and high benefits, and there was a very tough organization called the Automobile Workers Union.
To put it bluntly, they are some workers' organizations that don't care whether your company can continue to operate, but we want to get more money.
It is said that the trade union is a good organization that can fight for the treatment that workers deserve, but if the organization goes too far, the workers will suffer the most.
The worst possible outcome is that the boss will quit. He is a rich man, so he can find a way to get out. As for workers, their income will be like riding a roller coaster, hitting rock bottom all of a sudden.
To say that American car companies are in trouble and Detroit is in trouble, it also has a lot to do with the automobile union. But those workers at that time were blinded by the seemingly prosperous automobile market and only wanted better treatment. As a result, the company is now in trouble, and they are still the ones who are hurt the most.
As for the representatives of the automobile unions, they can sit back and relax. Anyway, they themselves have good skills and have a certain influence, so unemployment will not be their turn.
Detroit's fiscal deficit continues to grow, and they originally thought that this predicament would be overcome soon. But unexpectedly, the sharp rise in crude oil prices at this time caused the sales of companies that produce high-fuel-guzzling vehicles to plummet.
The best-selling products in the United States are low-fuel-consumption cars. Among them, products from island countries are the best-selling, but sales have also declined seriously. The three major car companies in the United States do not dare to stop car credit work now, otherwise their car sales will be even worse.
This creates a vicious cycle, causing the burden on car companies to become heavier.
The heavier the burden on car companies, the more they will need to close factories, lay off employees, etc. to reduce expenditures. This will further exacerbate the rise in worker unemployment, and the heavier the burden will be on the government. But at this time, workers are still thinking about Increase their benefits so they can weather the storm.
The largest number of workers in American car companies are black people. White people are not willing to do these jobs. They prefer to sit in offices. These low-educated black people have become the main force in this city. They want to enjoy more luxury than white families of the same income level.
Under such circumstances, the three major car companies in the United States are going downhill faster and faster, and they can't even brake.
This 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 auto workers who had money invested heavily in Internet company stocks.
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 much like it is now, with chaotic law and order and deaths happening every day.
It has been managed with great difficulty in the past few years, but now that the crisis has struck, the situation has deteriorated again.
Feng Yu knows that this deteriorating situation will worsen, and this world-famous automobile city will go bankrupt in the future. It is really sad to go from a prosperous metropolis to a miserable world.
…