(NNPA)—I remember when Vice President Dan Quayle said we should be glad that foreigners are buying properties and land in our country. “America is for sale,” he said. I guess he was correct, considering what we have seen over the past 25 years, especially what we see going on in Detroit now, where the most powerful person is the bankruptcy judge. It looks like the Chinese people want to get in on the Detroit property bonanza, along with many other Detroiters and Michiganders, of course. One person bought 428 homes for $379,100. According to the Detroit Radio website, “In Wayne County’s 2013 auction, nearly 20,000 properties hit the auction block— about 90 percent of them in Detroit. Some could be had for as little as $500.”
Since Detroit filed bankruptcy, and even before then, property in that town has been selling at an unprecedented pace. No one can blame folks for speculating and buying the land; we know Detroit will come back and once again be a great city. For Black folks, however, who comprise as much as 90 percent of the population, it will mean even less control of the economics of that town, despite occupying much of the political strata. Is this a microcosm of Black folks in general?
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