In the next match, the Wind and Rain team will fly to Detroit to challenge the Pistons. But the Wind and Rain players are not willing to go.
Because of Feng Yu's appearance in this life, the NBA is different from Feng Yu's previous life. The Pistons did not win the championship, but they still made it to the playoffs.
The Wind and Rain players are not afraid of the difficulties. It's just that the city is too dangerous.
Detroit is the world's most famous automobile city. It is the headquarters of the top three US automobile manufacturers and has the world's most mature automobile industry. Detroit was once the fifth-largest city in the US.
But now, the automobile industry is facing serious problems. The top three US automobile manufacturers are in trouble. Even Ford Motor Company, which had gotten rid of some of its burdens and obtained a large sum of cash, is still trying to reduce its expenses.
The most direct solution is to lay off employees.
The top three US automobile manufacturers are laying off their employees like crazy. The number of layoffs is no less than those banks.
When a city's core industry is in trouble, a large number of people will lose their jobs. This will cause chaos. The US is not a country where guns are banned. Many unemployed people will do illegal things to fill their stomachs.
Detroit's public security is deteriorating. Armed robberies and even murders break out frequently. Some people even use drugs to numb themselves. The police force is not enough.
Now, the real estate market had collapsed, and many houses were empty. They cannot be sold or rented out. Many people say that the US has good housing policies and permanent property rights.
They say that Hua Xia's 70 years of property rights are not good and cannot be compared to other countries. But they ignore the fact that the US has to pay 1% to 1.5% of property tax every year. Based on 1.5%, the property rights are less than 70 years.
Also, the property tax is based on the assessed value of the property, and it may increase every year. There is an advantage to this, and it is to prevent small investors from speculating in property.
If the value of your property is not high, after deducting the transaction tax, property tax, lawn maintenance, and other expenses, you will not make much money.
Therefore, real estate developers in the United States mainly invested in large manors, commercial office buildings, and hotels in prime locations. There were not many who invested in ordinary houses.
This is also why many people would rather return their houses to the bank than borrow money to repay their loans. Not only did he have to repay the loan, but he also had to pay taxes.
There were many unemployed people in Detroit, so the mortgage default rate was naturally higher. Without income, how could they pay the mortgage? In the past, the wages of the workers in Detroit were very high. But now, they only had a little compensation in their hands. For the sake of their future, how could they dare to use it to repay the loan? It was better to choose to default.
A large number of empty houses became a natural haven for criminals. At this time, many empty houses in Detroit were occupied. No one was there to manage them. After the layoffs in the banks, there were not so many people to manage these things.
Logically speaking, such a highly industrialized city should also be brightly lit at night. But now that it was night time in Detroit, those shops chose to close. Even bars, nightclubs, and 24-hour convenience stores, which had better business at night, chose to close.
In order to save money, the government turned off many street lights at night, which showed how poor the government was.
A few days ago, there was a rumor that a certain NBL star had a gun to his head after coming out of a Detroit nightclub, and all his cash and gold jewelry had been stolen.
These stars were the ones who were robbed the most. They liked to go hunting alone, and they did not have any bodyguards with them. Even when they went out to have fun, they did not carry guns.
The Detroit government was having a hard time. The US automobile companies had high wages and benefits, and there was a tough organization called the Automobile Workers' Union.
It was an organization that did not care if the company could continue to operate, but they wanted more money.
The union was a good organization and could fight for the workers' benefits. But if this organization pushed their luck, the workers would be the ones who suffered the most.
The boss could just quit, and the union was a tycoon, and he could find a way to get out. As for the workers, their income would fall to the bottom like a roller coaster.
The US automobile companies and Detroit were in trouble because of the Automobile Workers' Union. But the workers were blinded by the booming automobile market and only wanted better benefits. As a result, the companies were in trouble, and the workers were the ones who suffered the most.
The representatives of the Automobile Workers' Union did not have to worry. They are skilled and influential, and they will not be the ones losing their jobs.
Detroit's financial deficit had been increasing, and the representatives thought this problem would be over soon. But they did not expect the oil prices to soar, and the sales of the companies that produce high fuel consumption cars had plummeted.
The best-selling cars in the US now are low fuel consumption cars. Among them, Japanese cars are selling the best, but their sales have also fallen. The top three US automobile manufacturers still do not dare to stop getting loans for their cars. If not, their sales will be worse.
This has formed a vicious cycle, and the burden on the automobile companies is getting heavier.
The heavier the burden on the automobile companies, the more they have to shut down factories, lay off workers, and other methods to cut costs. This will increase the unemployment rate of the workers, and the burden on the government will increase. At this time, the workers are still thinking of increasing their benefits to tide them over.
The majority of the workers in the US automobile companies are black. White people do not want to do these jobs and prefer to sit in offices. These less educated black people had become the main force of the city. They wanted to enjoy life, and they enjoyed it more luxuriously than white families of the same income level.
The top three US automobile manufacturers are going downhill faster and faster, and they can't even stop the car from going downhill.
This is not the first time Detroit has become the worst city in the US. The last time was during the dot-com bubble in 2002. Those wealthy automobile workers had invested in dot-com shares.
In the end, Feng Yu burst the dot-com bubble, and these people lost a lot of money. Many of them had borrowed money to invest.
At that time, Detroit is similar to now. Public security is chaotic, and people die every day.
Detroit had managed to overcome the crisis in the past few years, and the situation has worsened again.
Feng Yu knows this situation will worsen, and this world-famous automobile city will go bankrupt in the future. From a bustling metropolis to a miserable world, it really made people sigh.
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