Detroit ramble ramble Politics ramble ramble

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TheRifleman

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KentXie said:
Hmmm...I don't know maybe because businesses need incentives in order to relocate regardless of where they are relocating? There is the cost of relocating such as having to move equipment from one location to another as well as disrupting production during the move. There is also the return of relocating, which, when the new location is literally a couple of miles down the road, is minimal at best. I mean, it makes sense for a business to, let say, relocate from the suburb to the city where public transportation is more readily available, but what benefits does one gain from relocating from Cambridge to Boston? What does Boston offer at the Seaport that Cambridge doesn't already have?

The fact is Vertex had no incentives to move to Boston. For them, it basically meant having to pay to stay where they are, geographically-wise. That doesn't mean that Boston isn't desirable. It means that they have little to gain to justify the cost to relocate.
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Perfect example on why Detroit is broke. This is political way of thinking rather than growing an area by natural economics which helps build a solid foundation.

Seriously: The Innovation District.
Instead of giving tax breaks to specific corporations that would have never have left our state. Why not invest in a hard-rail scenario like the Red-Line that goes through Cambridge key squares. (That is building a good foundation for accessibility and more efficient transportation grid that makes the area desirable to locate in.) Forget the Silverline Bus please. That is joke.

Vertex needs to stay close to MIT talent pool like everybody else. So when our dipshit politicians offered this ridiculous deal because Fallon paid too much for the site. The taxpayers had to cover his ass.
People better start waking up because municipal bonds are going to break this country. Forget the 11 Billion that Detroit is file Bankruptcy over 9 Billion is pensions. Our Federal Govt is 130 Trillion in debt. Detroit is our future.
 
Re: Hotter than Tabasco sauce: the Boston RE market

Are you always this angry and this pessimistic?
 
Re: Hotter than Tabasco sauce: the Boston RE market

the property tax abatements in the ID (ya, i did that) are probably pretty worth it in retrospect. Following that announcement, tons of housing and commercial development have picked up to the point where they are building on spec. Not that this would never have happened, but it didn't for a long time and Vertex move unquestionably helped light that fire. Detroit would kill to have any Vertex level company and any city would kill to have an area as crane heavy as the seaport right now.
 
Re: Hotter than Tabasco sauce: the Boston RE market

TheRifleman said:
Perfect example on why Detroit is broke. This is political way of thinking rather than growing an area by natural economics which helps build a solid foundation.

Seriously: The Innovation District.
Instead of giving tax breaks to specific corporations that would have never have left our state. Why not invest in a hard-rail scenario like the Red-Line that goes through Cambridge key squares. (That is building a good foundation for accessibility and more efficient transportation grid that makes the area desirable to locate in.) Forget the Silverline Bus please. That is joke.

Vertex needs to stay close to MIT talent pool like everybody else. So when our dipshit politicians offered this ridiculous deal because Fallon paid too much for the site. The taxpayers had to cover his ass.
People better start waking up because municipal bonds are going to break this country. Forget the 11 Billion that Detroit is file Bankruptcy over 9 Billion is pensions. Our Federal Govt is 130 Trillion in debt. Detroit is our future.
Click to expand...

Municipal bonds are going to "breaK' this country, yet you would advocate for bonding billions of dollars to buy new vehicles and lay down metal rails in a bit so people can ride on a rail instead of a bus that frankly, operates almost the exact same way as the light rail vechicles that pass under the most prosperous neighborhood in the city/state. All because they roll on dirty, dingy wheels instead of those precious steel rails that everybody loves?
 
Re: Hotter than Tabasco sauce: the Boston RE market

Seriously: Detroit's economy collapsed because it was hinged on a single industry that collapsed. At the same time city living was ditched in favor of suburban lifestyles. Oh and yeah, there were MASSIVE RACE RIOTS that turned entire swaths of the city into burnt out shells that were simply abandoned.

But yes, its the pensions and municipal bonds that caused the Motor City to fall. Jesus Christ...


This simply NEVER would have happened in Boston. At worst would be like Philly. Boston has always had a diversified economy, even going back to its founding. It's a regional hub, there are no cities comparable in all of New England. It's within easy reach of NY, essentially one of the capitols of the planet earth. Detroit was set up for failure from the start, being built up for, by, and wholly depending on the auto industry; too close to other competing cities, but too far from anything that really mattered.
 
Re: Hotter than Tabasco sauce: the Boston RE market

davem said:
Seriously: Detroit's economy collapsed because it was hinged on a single industry that collapsed. At the same time city living was ditched in favor of suburban lifestyles. Oh and yeah, there were MASSIVE RACE RIOTS that turned entire swaths of the city into burnt out shells that were simply abandoned.

But yes, its the pensions and municipal bonds that caused the Motor City to fall. Jesus Christ...


This simply NEVER would have happened in Boston. At worst would be like Philly. Boston has always had a diversified economy, even going back to its founding. It's a regional hub, there are no cities comparable in all of New England. It's within easy reach of NY, essentially one of the capitols of the planet earth. Detroit was set up for failure from the start, being built up for, by, and wholly depending on the auto industry; too close to other competing cities, but too far from anything that really mattered.
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+1

One might argue that the city that was Detroit never should have happened to begin with. The only similar scenario I could think of is if 3/4 of the gambling population decided to stop over the course of 20 years. What would Las Vegas look like 30+ years from now.
 
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Re: Hotter than Tabasco sauce: the Boston RE market

TheRifleman said:
Perfect example on why Detroit is broke. This is political way of thinking rather than growing an area by natural economics which helps build a solid foundation.

Seriously: The Innovation District.
Instead of giving tax breaks to specific corporations that would have never have left our state. Why not invest in a hard-rail scenario like the Red-Line that goes through Cambridge key squares. (That is building a good foundation for accessibility and more efficient transportation grid that makes the area desirable to locate in.) Forget the Silverline Bus please. That is joke.

Vertex needs to stay close to MIT talent pool like everybody else. So when our dipshit politicians offered this ridiculous deal because Fallon paid too much for the site. The taxpayers had to cover his ass.
People better start waking up because municipal bonds are going to break this country. Forget the 11 Billion that Detroit is file Bankruptcy over 9 Billion is pensions. Our Federal Govt is 130 Trillion in debt. Detroit is our future.
Click to expand...

debbie-the-downer.gif
 
Re: Hotter than Tabasco sauce: the Boston RE market

davem said:
Seriously: But yes, its the pensions and municipal bonds that caused the Motor City to fall. Jesus Christ...
Click to expand...

How the hell do muni bonds cause a city to fail? I effin love muni bonds because I don't have to pay taxes on them.

TheRifleman said:
....because municipal bonds are going to break this country. Forget the 11 Billion that Detroit is file Bankruptcy over 9 Billion is pensions. Our Federal Govt is 130 Trillion in debt. Detroit is our future.
Click to expand...

Dude, muni bonds are run by a city, state, or a territory of the US. The federal government doesn't issue muni bonds.

Rifleman, you're clearly an armchair economist. Do you get most of your information from yahoo finance?
 
Re: Hotter than Tabasco sauce: the Boston RE market

^That article doesn't mention that Democrats controlled Detroit for the past 50 years. Did their policies have something to do with Detroit's demise? Only through flaming each other will we know the answer!
 
Re: Hotter than Tabasco sauce: the Boston RE market

davem said:
Seriously: Detroit's economy collapsed because it was hinged on a single industry that collapsed. At the same time city living was ditched in favor of suburban lifestyles. Oh and yeah, there were MASSIVE RACE RIOTS that turned entire swaths of the city into burnt out shells that were simply abandoned.

But yes, its the pensions and municipal bonds that caused the Motor City to fall. Jesus Christ...


This simply NEVER would have happened in Boston. At worst would be like Philly. Boston has always had a diversified economy, even going back to its founding. It's a regional hub, there are no cities comparable in all of New England. It's within easy reach of NY, essentially one of the capitols of the planet earth. Detroit was set up for failure from the start, being built up for, by, and wholly depending on the auto industry; too close to other competing cities, but too far from anything that really mattered.
Click to expand...

Exclude Cambridge from this:
Boston main employers are Non-profit Colleges and Hospitals.
That is why the Mayor is calling for the Non-profits to start paying their fair share of taxes. Besides-- Law Firms, accounting firms, Insurance companies, Fidelity (which have taking some of their business else where), What major corporate headquarters are relocating to this city from somewhere else. The city of Boston had to pay for half of Liberty Mutual development to stay in the backbay.

armpitsOFmight said:
Rifleman, you're clearly an armchair economist. Do you get most of your information from yahoo finance?
Click to expand...

Dude, I would rather be an armchair shithead than be like the CNBC economists or how about our leaders like Ben Bernanke, Alan Greenspan, or Paul Krugman who consult or work for Govt & private agencies.

It doesn't take a genius to figure out that we are broke with basic economics: Maybe the Federal Govt. should hire competent and honorable people.
Revenue 2.7 Trillion
Govt Spending 3.5 Trillion
Net loss of 800 Billion....FAILURE
 
Re: Hotter than Tabasco sauce: the Boston RE market

After reading this whole page, I now have a splitting headache. Thank you, ArchBoston.
 
Re: Hotter than Tabasco sauce: the Boston RE market

Coyote137 said:
Yes, because those benevolent corporate masters would have stayed in Detroit if only the city employees had been willing to take a pay cut. Globalization of the economy had nothing to do with it. Making shitty cars that broke down years before the competition's cars had nothing to do with it. Trying to get labor at an hourly rate that wouldn't buy a 500-square-foot shack in the tundra of Alaska (as opposed to an actual livable wage) had nothing to do with it.
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Government, not Globalization, destroyed Detroit

http://www.bloomberg.com/news/2013-...obalization-destroyed-detroit.html?cmpid=yhoo
 
Re: Hotter than Tabasco sauce: the Boston RE market

^Rman, are you a proponent for putting a bunch of ESPN zones throughout Detroit to attract more people and spend their money on nachos and beer?
 
Re: Hotter than Tabasco sauce: the Boston RE market

TheRifleman said:
Government, not Globalization, destroyed Detroit

http://www.bloomberg.com/news/2013-...obalization-destroyed-detroit.html?cmpid=yhoo
Click to expand...

Save your illogical rantings against Democrats, unions, and public employees for someone else. Michael Tanner writes for the Cato Institute, which tells you how unbiased he is.

If you think globalization had nothing to do with the auto industry leaving town, you're delusional.
 
Re: Hotter than Tabasco sauce: the Boston RE market

^and why aren't you acknowledging that maybe the democrats played a part too.
 
Re: Hotter than Tabasco sauce: the Boston RE market

armpitsOFmight said:
^Rman, are you a proponent for putting a bunch of ESPN zones throughout Detroit to attract more people and spend their money on nachos and beer?
Click to expand...

IF ONLY THEY HAD BUILT MORE STADIUMS.
 
Re: Hotter than Tabasco sauce: the Boston RE market

armpitsOFmight said:
^and why aren't you acknowledging that maybe the democrats played a part too.
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I'm assuming this is a response to me. I'm not sure what you mean by "democrats" [sic] (I don't automatically belong to one particular persuasion simply because I find someone else's to be unconvincing), but certainly there was a lack of effective leadership in Detroit. Due to the fact that my feelings on this issue that have now been more than adequately covered in this thread by myself and others, I will decline the opening to begin the circle of discussion over again.

Note that I did not inject partisan politics into this thread - that was done by an individual whose ill-informed posts have been debunked by many others. For some reason, there is always that segment of the population which sees every discussion as both A) a heated argument, and B) an opportunity to talk about how much government sucks donkey dicks all day long forever and ever, amen.
 
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