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Finance guru Eddie Hobbs advises millionaires: invest smart money on the devastation of Detroit
international |
housing |
news report
Monday July 22, 2013 15:11 by JoeMcIvor
Last week Detroit was officially declared bankrupt . Long time downtown residents of the city last week vowed to resist evictions planned in order to sell off their homes to the super rich . The evictions are being touted as essential cost saving measures - part of an emergency plan involving "gentrification" of the Metropolitan area of the city. Detroit’s bancruptcy was announced last Wednesday. Plans drawn up by the city’s emergency manager include the eviction of long term residents of the city’s Metroploitan district to make way for gentrification . Downtown blocks that are presently occupied mostly by the elderly and tenants on low incomes are to be demolished to make way for millionaire condos . A member of the Griswold Tenants Community Council fighting the forced detenanting of his block told a recent public meeting: “We are not just going quietly. We are not just going out. These people are ready to act. I am talking about shutting down Detroit. We have just a short time.” See http://www.wsws.org/en/articles/2013/07/17/dart-j17.html |
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