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REPLY PART I I have lived in Michigan, gone to school all of my life except for 15 years that I spent in Europe (Italy and Switzerland) and Quebec, Canada. That is, for 35 years. I applaud your attitude. But first, Ann Arbor by no means is a problem city. It is a University town and they rent out much anything that they can to the 40,000 upper middle class students that invade the city every school year. But people in Ann Arbor tend to have a Berkely, CA attitude to life. Most people in Michigan consider Ann Arbor people as almost Californians!!! :-) Grand Rapids, Traverse City and most "newer" towns in Michigan are coming back after the cave in of the central cities that we had in the 70's to presently. Even Detroit is putting many townhouses, with paved streets, good lighting and prices under $200,000, just South of the Detroit Medical Center. Last edited by Globusproject : 02-05-2007 at 04:08 AM. |
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REPLY PART II There are tremendous investment opportunities for housing in Michigan. Ever since CompuWare decided to move from the suburban city of Farmington Hills to Detroit, there has been a influx of people back into Detroit. This was also because people got tired of driving for an 40 minutes to an hour to get into the city. The cost benefit analysis became negative at these distances. Michigan's problem is that we are losing more automotive and manufacturing jobs than can be replaced with newer technology or service sector jobs. And most of the college students are leaving when they graduate. This brain drain has real long term consequences, as we may never get them back. A true loss of intellectual capital. Because so many of the old wooden buildings are 60 years or older, many of them need to be either reconditioned or replaced. This is slowing occuring in Detroit. The city is being slowly rebuilt. There is a stream of revenue taxes that is available for city services. And the Mayor Kwame Kilpatrick has said that if the cities unions don't cooperate, then he will outsource their jobs. Street lights are coming back on, city services are being provided and the city is starting to function and be managed like a major US city should be managed. As a CPA, you must understand that the City of Detroit has been mismanaged and financially mismanaged since the 60's. Because of the continual problems in Detroit the State of Michigan and the suburbs are now demanding that they clean up their act. From Water distribution to the suburbs (owned by the City of Detroit who sets their rates in a interesting manner) to SE Michigan Transportation (SEMTA) Authority, there is some cooperation with Detroit. CompuWare moving downtown seems to have had a positive effect as with the IT Company moving in to Detroit the city seems to have implemented some computer systems and the management or performance management of the city seems to be better. I don't know how bad things are in Bay City and Saginaw, but with the Saginaw Transmission plant and tha type of industry shutting down up there, and in Flint Michigan, it could be worse than in Detroit. What people don't like in Detroit is the gangs and the breakdown of the family with the father being absent, the mother not being able to control the sons and some wildness occuring with male adolescents. Added that the Detroit Public Schools are suboptimal teaching levels, and that they had a strke (for nothing) which caused another 12,000 children to go into suburban public schools, the City of Detroit is trying to solve these major problems. Kwame can only do so much. Last edited by Globusproject : 02-05-2007 at 04:15 AM. |
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Reply Part III The suburbs are absorbing these new students and the parents, and once they get out of Detroit and get to visit the suburbs they realize things are not that bad and they move out of Detroit, in droves. Putting more pressure on Detroit to clean up their act. This is a very good thing. Detroit is now working to compete for students, employees, corporations to come to live, work and play in Detroit. If not, everyone will be leaving Detroit to come and live in the suburbs. Oakland County is the 4th richest per capita county in the USA. We have a Billion $ budget surplus. So much so that Brooks Patterson, the County Executive offered the Governor Granholm (D) the money as a loan to help solve the debts of the State of Michigan. L. Brooks Patteson (R) also got the Small Business Tax removed in Michigan causing a $1.8 Billion shortfall in taxes. Causing the State to further cut expenditures, cut services and run a tight ship. In retaliation, the Governor refused to sign and vetoed a bill that would have allowed counties to borrow money now to finance the Healthcare costs over the next twenty years. As a CPA you would appreciate the ability to finance tomorrows problems at todays cheap interest rates!!! Instead of a budget in Oakland County being in the black, we are now $9 million in the red this year. Brooks Patterson is not happy with the Governor. And she is not happy with Brooks for giving her another two Billion dollar shortfall!!! Michigan should be $800 Million in the red this year and will go to 3 Billion in the next couple of years!!! So there is great opportunity in hard times here in Michigan for those that see the possibilities. When are you coming up here??? We could use you to help finance a few big deals. |
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So why are you living in Detroit and paying three times the car insurance rates, twice the property taxes and double the home insurance rates??? Why don't you move to Northville and get out of the "hellhole' of Detroit??? As you said, it is the local knuckleheads that are causing the robberies, the car thefts, the drugs, the murders with the resultant increase in insurance rates. What are you living in Detroit putting up with that. Come and move to the suburbs. Leave it to the knucklehads until the City starts to solve these problem with the knuckleheads. |
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But we do have high home ownership and this will only affect the Ann Arbor area mostly. But job growth and development is strong on the West part of the State. |
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If things don't work out in Grand Rapids, I may be down there in the Atlantic States with you. The danger of a hurricane once in a while down there, is much better than the constant hot air coming out of Lansing, MI all of the time. |
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The whole tax abatement discussion is misrepresented. You can tax a company. Or you can have the company employ people and tax the well paid people. On one hand you have people with no jobs getting by with welfare and unemployement and on the other hand you get people with jobs who pay taxes. Which one did you say you wanted??? If other states are wanted the companies to come into their state with no taxes on the companies, then you have to compete. You don't get to make the rules of the game. You have to compete with other states are doing. Period. This B.S. where you are not sure about the tax abatement. Well if you don't get the company into your state, you don't get the corporate taxes nor do you get the employee taxes. So you go without ANY revenue income and everyone pays for your lack of insight into how the states must compete with each other. The founding fathers wanted the best ideas in state government to compete with the worst ideas. Those that are managed well will prosper over thost that are badly managed. And which camp have you chose to put Michigan with your vote for an incumbent Governor who hasn't a clue to what has to be done to create jobs in Michigan???? The election was decided by women, mostly single and some married who didn't vote for the male Republican candidate who was very qualified to run a $42 Billion State economy. This was the group that decided the election in November 2006. Amway BTW runs the company in 70 countries worldwide. Dick DeVos had plans to heavily invest in modernizing the State government, cutting the cost of delivering services to Michigan's Citizens. And he was going to invest heavily in new technologies. And cut business taxes to get companies to move into Michigan instead of moving into Indiana as they have been. But the lawyers, the unions, the teachers and the academics and scientists generally supported Jennifer Granholm (and sociologists) to continue her march into the sea. She absolutely refuses to lower taxes and cut spending. And at the same time she is refusing to absolutely stop the insane welfare system where you can stay on welfare forever in Michigan. Welfare is to help you get over the bumps in life. It is NOT a way of life. So the people of Michigan, you could say, deserve the leadership that they have voted for. |
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Again, unless you get a company that wants to come into Michigan and create jobs, you have unemployment, with the government paying benefits and neither the company nor the employees (unemployed employees) paying any taxes what so ever. So rather than give tax abatements you would prefer what has been going on her in Michigan to continue to occur. SBC moved 1000 jobs out of the State of Michigan because the Governor refused to give any tax abatements to them. They moved the jobs to Indiana, Wisconsin and Illinois. This great leadership is so good, that if it keeps up, would the last person who leaves the State of Michigan, please turn out the lights (if they are still on and haven't already been turned off because no on had the money to pay the pill in the first place!!!). |
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Would the last person in Michigan who has a good paying job please pay the light bill so when we leave the state, we don't have to turn out the lights??? |
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People had the chance to change things at the elections in 2006 but they chose not to do anything. So we will sit here for four years and watch the deficit go up to $3 Billion and then when the liberals get desperate enough, they will finally admit that they have not a clue as to what economics and business management are. When do you think Michigan will have riots again??? As a sociologist??? Summer of 2007??? Maybe the long hot summer of 2008??? Reminds me of 1967....... I guess that still remains one of the power perks of being a Governor- calling out the National Guard when you economic policies stink. |
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