Why Are The Chinese Gobbling Up Real Estate And Businesses In Detroit?

Detroit Michigan at Milwaukee Junction looking southwest at Russell Industrial Complex - Photo by no body atollEnd of the American Dream – by Michael Snyder

Something very strange is happening to Detroit.  Once upon a time, it was the center of American manufacturing and it had the highest per capita income in the United States.  But now the city is dying and the Chinese are moving in to pick up the pieces.  Lured by news stories that proclaim that you can buy homes in Detroit for as little as one dollar, Chinese investors are eagerly gobbling up properties.  In some cases, this is happening dozens of properties at a time.  Not only that, according to the New York Times “dozes of companies from China” are investing in businesses and establishing a presence in the Detroit area.  If this continues, will Detroit eventually become a city that is heavily dominated by China?  

At this point, not too many others appear interested in saving Detroit.  Right now, there are approximately 78,000 abandoned buildings in Detroit and about one-third of the entire city is either vacant or derelict.  People have been moving out in droves and there are only about 700,000 residents left.

For many Americans, Detroit is about the last place that they would want to live.  But to many Chinese, this sounds like a perfect buying opportunity.  According to a recent Fox News report, real estate agents in Detroit are being overwhelmed with inquiries from China…

Downtown Detroit is home to one of the worst housing markets in the country, as prices of homes have collapsed and foreclosures have soared in the city’s depressed economy.

But some Chinese investors hungry for real estate are hoping Detroit’s losses will be their gain. After Detroit filed for bankruptcy July 18, Motor City property has been a hot topic on China’s social media platform, Weibo, according to a Quartz.com report.

News of the bankruptcy, coupled with a Chinese TV report in March that claimed you could buy two houses in Detroit for the same price as a pair of leather shoes, has piqued investors’ interest.

And these buyers appear to be quite serious.  One buyer reportedly bought 30 properties recently, and other buyers say that they want to purchase even more homes than that…

And it appears to be translating into real interest; Caroline Chen, a real estate broker in Troy, Michigan, says she’s received “tons of calls” from people in mainland China.

“I have people calling and saying, ‘I’m serious—I wanna buy 100, 200 properties,’” she tells Quartz, noting that one of her colleagues recently sold 30 properties to a Chinese buyer. “They say ‘We don’t need to see them. Just pick the good ones.’”

Meanwhile, according to the New York Times, dozens of Chinese companies are moving into the city…

Dozens of companies from China are putting down roots in Detroit, part of the country’s steady push into the American auto industry.

Chinese-owned companies are investing in American businesses and new vehicle technology, selling everything from seat belts to shock absorbers in retail stores, and hiring experienced engineers and designers in an effort to soak up the talent and expertise of domestic automakers and their suppliers.

While starting with batteries and auto parts, the spread of Chinese business is expected to result eventually in the sale of Chinese cars in the United States.

Of course this is not just happening in Detroit.  The truth is that the Chinese are buying up real estate, businesses and natural resources all over the country.

But they seem to have a particular interest in Detroit.

Perhaps someone should tell them that Detroit is not actually a very safe place these days.  The violent crime rate is five times higher than the national average, and the murder rate in Detroit is 11 times higher than it is in New York City.

If you call the police, it takes them an average of 58 minutes to respond.  And sometimes the people that are committing the crimes are actually Detroit police officers.  In fact, one Detroit police officer was involved in robbing a gas station just last week

A Good Samaritan snapped photos of what appeared to be two men impersonating police officers involved in a pistol-whipping and robbery outside a Citgo gas station on Detroit’s east side on July 21.

Once Fox 2 aired those photos, an even more disturbing picture developed.

“Several unidentified police officers were working this particular robbery case, recognized one of the suspects in the photographs as being a member of the Detroit Police Department,” Chief James Craig said Monday.

Now under arrest are two police sergeants, a 47-year-old officer and 20-year veteran of the Detroit Police Department and his 42-year-old buddy from the police academy, who is a former DPD cop and 17-year veteran of the St. Clair Shores Police Department. The later recently received a distinguished service award.

“In fact, they were police officers, just not working on-duty at the time,” Craig said.

Detroit is a dying, bankrupt city.  There does not seem to be much hope of a turnaround for Detroit any time soon.

So why are the Chinese gobbling up so much real estate and so many businesses in Detroit?

That is a very good question.

Abandoned Home In Detroit - Photo by Jmk7


29 thoughts on “Why Are The Chinese Gobbling Up Real Estate And Businesses In Detroit?

  1. The best buys are when everyone else is selling. They aren’t making any more real estate. Detroit will be repopulated and industry will eventually return. Unfortunately’ it will return at a standard of the least common denominator per TransPacificPartnership. If you can afford the taxes, might be a good long term investment.

    1. Manufacturing will not return, it was never meant to return. As far as the corporations are concerned as long as they got a 3rd world country whose citizens they can offer pennies an hour, and provide them a nice fast food franchise to help enforce the illusion they are getting somewhere…..

      Short of removing the globalists from power, who want us all as chattel property…. We need some nationalism, and leaders that put America first, and those corporations seeking to do business here have requirements to either act human, or leave.

      But since that won’t happen, manufacturing will not return, and if it does it will only be superficial with much lower wages, such as already happened in Detroit, as per conditions of the automotive bailout…….

    2. Detroit, the new Chinatown. The Chinese are buys businesses and real estate across the country. They have to spend those dollars before they’re worthless. Smart move on their part. Dumb move on our part to let the country be dismantled. Isn’t multiculturalism grand? Glad I’m in my 60s. Won’t have to watch this sht much longer. Sad for my kids and grandkids. “All that is needed for evil to prevail is for good men to do nothing”. Edmond Burke 1729-1797

  2. Detroit is a good city for them to buy in. Per acre it is cheaper than buying farm land. It is a distribution center. Has roads and a bridge to Canada U.S. customs is there. It is a great place to warehouse goods. Cheap non union low educated low wage workers. Most houses are condemable or in a few years will be there. China looks long term at investment. So you build your distribution center, put up your warehouses, have the help live in your apartments, shop at your stores, and eat at your place. You pay them there low wage to ride on your bus to work. And charge them what you like for all else there. Loan them your money on your backed credit card, have them in debt to you, and they are your slaves to use and abuse. Sounds like a good investment to me. Long term. China is not dumb. It is a good city for them to own to move into Canada, and build a distribution point from. Then will come the box factory, packaging material manufacturer, and they will cut wages or skim them till other companies here are forced to lower wages and shut down. And the city will have there pollcatatitions and police. As they will tell there workers who to vote for and there police who to move on down the road.

    1. Ya load fifteen tons and what do ya get?
      Another day older and deeper in debt.
      St. Peter don’t ya call me cause I can’t go,
      I owe my soul to the company store…
      ~Tennessee Ernie Ford

  3. Detroit was destroyed by lefties and now it will be owned by lefties. America is a Marxist shithole that is being purposely run into the ground, Detroit will set the standard for the rest of the country. Your little Jewish helpers have been slowly pawning off America to the Chinky Communists for years.

    1. Look at the bright side. Think of all the new Chinese fast food joints springing up. Plenty of meat available at the SPCA. Tastes like chicken.

  4. The fundamental change of America … I guess. The rebuilding jobs won’t be for American citizens that’s for sure.

    . . .

  5. Maybe China has plans to bring all of their car manufacturing companies back to Detroit with Chinese immigrants working as employees instead of Americans. Maybe they are building a new Chinatown in Detroit. Maybe they just love Obama’s Communist policies so much that they decided to move here along with a portion of their population.

    I guess the Chinese have already invaded our country and are now moving into town. Great job, Detroit! Don’t fight or anything. Just stand there like idiots and watch it happen. What happened to the gangland spirit of Detroit? Take a few gangs and force the bastards out of your city. What are you waiting for? You did it against your own people in the past, it should be just as easy, if not easier, to do it against a bunch of foreigners. I just don’t understand it.

    1. By the 14th amendment, YOU are a foreigner on your own land. You are a foreigner to the corporation known as the “Untied States of America” that masquerades as the legitimate government of the republic. Its the ignorance of people like yourself that is destroying western civilization, not these people.

          1. HeHeHe, and you know me and my technics against them trouble makers Millard. snarle grr. They usually loose and have a very bad day, not always but usualy they do.

        1. Hi digger

          Alot of people just hover and sooner or later they will finally comment. There are probably hundreds of them, most are scared to death to even acknowledge the site. Apparently, things are starting to change. They’re coming around to Henrys message, slowly but surely.

          Henry gets rid of the asswipes quick.

          Thank God.

          1. Well hi there Mark how are ya buddy 🙂 . Henry does do a heck of a job doesn`t he 🙂 . Them trolls usually end up hanging themselves here and usually it is entertaining watching them getting caught and playing innocent 🙂 P.S. Wrong reply button, I meant Marks reply button at 4:40 sorry.

          2. Hey Mark, I’m certain there’s a lot of people hovering in the wings that don’t have the gumption to make a comment on our board. We have a good group of people from different walks in life that contribute to the comment section. It’s a good mix.

  6. To Shat-bat, you are an idiot on so many levels, enough said on that.

    I am not Chinese, my wife is, and I know a lot of Chinese people, from Hong Kong, Taiwan and the mainland.

    Chinese are opportunistic gamblers (generalizing, but more so than North Americans ). As I work with Chinese investors on a daily basis, I would wager these investors are just that. For them its an easy way to get worthless $US out of China and turn them into real estate in North America. They are hedging their bets for the long term benefit of current and future family. We have lost our sense of family, they still have what we have lost.

    Personally, I see their gamble on Detroit as a big mistake. Though some other posters make good sense, their ideas work on one very important premiss. That premiss is that there will be a viable North American and global economy in the coming years. To me, that is doubtful for a variety of reasons. One day things will turn around again but that could be 100+ years, by then, their properties will have been stolen from them by the establishment here. These investors will lose twice, Goldman Et al will take their money now and their property later.

    As my brother used to say, if you don’t occupy it, you don’t own it. They will buy up a lot of real estate here but will not be able to control it. Main land Chinese live in the fantasy land where rule of law exists in the “west”. They will all get a rude awakening when they find out its not true, that the west is more corrupt than the east, we just hide it under a cloak of respectability.

    I think these investors will lose this gamble. They are used to a far freer market place (I do business in China and know this to be a fact) and most of them will not be able to adapt to our ways of doing business before losing all their assets. This is something I have witnessed already.

    The current state of affairs is sad for everyone, except the 1%.

    1. Hey CGB, funny that you mention it. My wife is Chinese from Wuhan, China and I have spent many years there as well as in Hong Kong, Taiwan, Singapore, Indonesia and Japan. I, too, know all about their ways and how they act. So take your shit and YOUR IGNORANCE and your know it all attitude and shove it up your ass.

        1. Hey you started it, pal. If you can’t take the heat, then go some place else. By the way, I know all about the Unconstitutional 14th Amendment. So go insult someone else.

    2. What, do you think we are f#@king stupid? International communism is being instituted in the United States and the Chinese are being brought in as controllers.
      You try to make this sound like Chinese businessmen making individual investments. This is the f#@king Chinese government. The Chinese people own nothing. They are communists.
      So you can take your commie propaganda and peddle it elsewhere and tell all your Chinese buddies that every one of them that comes here in their attempt to take this country from the American nationals who own it, regardless of any fraud to the contrary, that they will all die here and their blood will nurture our soil as their bones bleach beneath our skies.

    3. The chinese are not accustomed to dealing with “Detroiters”! If they aren’t living in the house, and armed, they will find it stripped, or squatters living there, claiming they paid rent to someone.
      If they buy a business in Detroit, they need customers. And no one in Detroit has any money. Anyone who can leave, has already left! And the gangs have resurrected the protection racket. They hang around your store or business scaring away the customers. You have to pay them to leave………for a while. Then they are back. The police might chase them away, but they are back as soon as the cops leave.

  7. Welcome to the United States of China. The Chinese have been buying up real estate all over this country. Why pay to ship products across the Pacific Ocean when they can just buy the land and have their own citizens work in the factories right here in America? We exchanged all our industry and land for a pile of cheap, worthless, crap products that are all labeled “Made in China”. The Chinese have gotten such great deals on real estate here that it makes the Louisiana Purchase seem laughable! I guess Americans today like to trade their land for trinkets like others in the past have.

  8. Love how it’s the “lefties” fault from allot of perspectives around here….

    As far as Marxism, at the top it’s no different than Austrian economics…. People want to position themselves to exploit others, and either of the two predominate economical/political schools of thought will only lead to virtually the exact same thing.

    The problem is GLOBALISM, the whole NWO thing politicians have been talking publicly in the U.S. since Bush #1…….

    do the math, “lefties”, “righties”, it’s all just divide and conquer, and look at how well it’s worked.

  9. Dumb Amerikuns, they are being replaced. Stupid dumb idiots, keep watching the Chimpsons, and drinking your sixpack…your time is coming, and this is just the beginning.

    1. Like you’re immune to the NWO’s agenda, wherever the hell you live, moron.

      Bet whatever country you live in, you pussies let your government just TAKE your guns from you.

      We’ve still got OUR guns, dickwad.

  10. There are some very good reasons why you can buy homes for $1 in Detroit. I was born and raised in Detroit, and watched it’s decline for over 50 years. Simply put, no one wants to live in Detroit! If you buy a home for $1 and try to rehab it, you better leave an armed guard in it overnight. Otherwise, when you come back in the morning, the plumbing, wiring, furnace, water heater, windows and siding will be gone, and maybe your armed guard too. Streets are full of chuckholes, and half the fire hydrants don’t work. Half the fire trucks don’t work either. Police response time is around two hours for serious runs. Burglarys? Well, come into the station and make a report. “We can’t come out”. And the same morons who elected one thug after another are still there and still vote. And they won’t allow “outsiders” to “take back Detroit”!

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