May 7, 2014
Chinese home and business investors are starting to flood into the Motor city, greatly encouraged by the governor of Michigan. At the beginning of 2014, governor Rick Snyder announced his new immigration plans of issuing 50,000 immigrant visas to Chinese immigrants willing to reside in the bankrupt city.
A time not so long ago, Detroit was the greatest manufacturing city in the world and it had the highest per capita income in the entire country.
If the immigration plan gets the A-OK from Obama and his crew, this will mark the first time the US government has granted immigration visas to a particular city.
Snyder says encouraging foreigners to invest money and buy up properties won't cost the state government much, but could potentially have great benefits:
“this is one way for the federal government to step up to provide significant value without cost that could have a huge impact on the city’s future.”Snyder has also talked about opening up "an Office for New Americans" to attract and help immigrants move and adjust to living in Michigan. Snyder is requesting 50,000 special federal immigration visas over the next five years to attract foreign professionals who are willing to work and live in the city.
But this is not the first talks of China coming to Detroit. In September 2013, Dongdu International Group of Shanghai bought, sight unseen, two downtown icons, the David Stott building for $4.2 million and the Detroit Free Press building for $9.4 million, both at auction.
Many investors were buying two-story homes by the handfuls at very very cheap prices. Houses that have already succumbed to scrap thieves, houses stripped to the bones have been bought sight unseen.
And they aren't just interested in Detroit. One Chinese company known as "Sino-Michigan Properties LLC" actually had plans to buy 200 acres of land near the little town of Milan, Michigan and turn it into a "China City" with artificial lakes, a Chinese cultural center and hundreds of housing units for Chinese citizens. For much more on how Chinese buyers are gobbling up real estate all over the nation. Read more here, "The Chinese Are Acquiring Large Chunks Of Land In Communities All Over America".
So, as the Chinese economy continues to rise and the US economy continues to decline, the shift in global power becomes more apparent. Are they teaching the Chinese language in the Common Core schools these days?