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Old 12-21-2009, 03:35 PM
 
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With 70k you could have a decent, free & clear house in the Detroit area & collect your early retirement - food is always relatively cheap, so why not?

"Ford Motor Co. says it is offering buyout and early retirement incentives to all of its 41,000 U.S. hourly workers to further reduce its factory work force.

Company spokesman Mark Truby said Ford still has too many factory workers for its current sales levels.

He would not say how many workers the company wants to leave but said Ford is working that out with the United Auto Workers union. Ford currently has about 600 blue-collar workers laid off but available for recall.

The buyout offer includes $50,000 cash plus a $25,000 car voucher or $20,000 more in cash. The retirement package includes $40,000 cash for skilled trades and $20,000 for production workers."


Ford Offers Buyouts to All Factory Workers - CBS News
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Old 12-21-2009, 03:39 PM
 
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With the current state of the real estate market in Detroit, you could probably buy a pretty nice house for $50K. Hell, the damn Silverdome sold for a mere $583,000!!
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Old 12-21-2009, 04:35 PM
 
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Originally Posted by 01Snake View Post
With the current state of the real estate market in Detroit, you could probably buy a pretty nice house for $50K. Hell, the damn Silverdome sold for a mere $583,000!!
Hmm, taking into account the growing homeless plight, by selling a sleeping space in the Siverdome for $1/night x 90,000 (max capacity), you could theoretically pay off the entire mortgage in under 3 months - not a bad looking business venture!
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Old 12-21-2009, 06:19 PM
 
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Originally Posted by KRAMERCAT View Post
Hmm, taking into account the growing homeless plight, by selling a sleeping space in the Siverdome for $1/night x 90,000 (max capacity), you could theoretically pay off the entire mortgage in under 3 months - not a bad looking business venture!
That was definitely steal for the buyer.
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Old 12-21-2009, 06:26 PM
 
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Originally Posted by 01Snake View Post
That was definitely steal for the buyer.
Yes, I think 'steal' is the operative term, and 'from the taxpayer' is the logical continuation.
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