Why Don't We Just Sell Detroit To The Highest Bidder?

Seriously, the area is a DUMP. Same goes for Albany. We should just sell it to the Saudi's or whatever the fuck & offload these shitty liabilities from our books

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (40)

Funniest
Apr 14, 2021 - 11:52am

Bold of you to assume that anyone is willing to pay even a single dime for Detroit and its "upstanding urban youths"

...and the Truth shall set you free
  • 10
  • 1
Apr 14, 2021 - 4:07pm

Add CHI and SF to the list...NYC will be joining shortly. 

Whenever someone makes a flippant remark about how NYC or SF can't die, show them this video: 

No one in Detroit then had any idea how disastrous government policies would be in hallowing out its fourth largest (and arguably richest) city. 

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Apr 14, 2021 - 5:59pm

-It's already two billionaires' pet project.

-Property rights exist in the USA

-Detroit is growing really quickly right now.

heister:

Look at all these wannabe richies hating on an expensive salad.

https://arthuxtable.com/
  • 1
Apr 14, 2021 - 9:24pm

Property rights exist until you stop paying property taxes, then you realize who the property really belongs to.

Only two sources I trust, Glenn Beck and singing woodland creatures.
Apr 15, 2021 - 8:40am

Is one of the billionaires the Quickenloans guy? I've heard he's done a lot for the area economically

I’m a fun guy. Obviously I love the game of basketball. I mean there’s more questions you have to ask me in order for me to tell you about myself. I'm not just gonna give you a whole spill... I mean, I don't even know where you're sitting at

Apr 15, 2021 - 10:29am

Yep. He's from there.

heister:

Look at all these wannabe richies hating on an expensive salad.

https://arthuxtable.com/
Apr 14, 2021 - 7:32pm

Just what we need.

Lets say Russia/China buys it and now they do not even need ICBMs to destroy the entire US. They now have a whole state to perform intelligence operations on our country.

I might be paranoid, but this is probably what would happen. 

Apr 14, 2021 - 8:12pm

Basically what happens in Kaliningrad with the Russian Baltic Fleet.

Quant (ˈkwänt) n: An expert, someone who knows more and more about less and less until they know everything about nothing.

Apr 14, 2021 - 9:25pm

Wyoming has room for growth while others moving towards decay.

Only two sources I trust, Glenn Beck and singing woodland creatures.
  • Prospect in IB-M&A
Apr 14, 2021 - 9:46pm

Bro the entire state is like 5 or 600k, I don't think it's possible for it to not grow.

  • Analyst 1 in AM - Equities
Apr 14, 2021 - 8:37pm

I say we just sell it. sell all of it, it's gross and makes me sad to look at

Apr 14, 2021 - 9:27pm

They do have that tunnel in their airport. How can the US ever get rid of that?

Only two sources I trust, Glenn Beck and singing woodland creatures.
Apr 15, 2021 - 10:35am

Analyst 1 in AM - Equities

Seriously, the area is a DUMP. Same goes for Albany. We should just sell it to the Saudi's or whatever the fuck & offload these shitty liabilities from our books

A dump compared to what?  Owning a ranch in Montana?  Sure.  Most other American cities?  Maybe not so much.

Most Helpful
Apr 15, 2021 - 12:09pm

Ozymandia

Analyst 1 in AM - Equities

Seriously, the area is a DUMP. Same goes for Albany. We should just sell it to the Saudi's or whatever the fuck & offload these shitty liabilities from our books

A dump compared to what?  Owning a ranch in Montana?  Sure.  Most other American cities?  Maybe not so much.

These people do not like the cities where companies hire finance people.  Makes sense right?  May be they should move should move to a rural town in Alabama but I have a feeling, they are not going to make this decision.

  • 3
Apr 16, 2021 - 12:47am

NoEquityResearch

What major American cities do you think are worse than Detroit? Pretty short list there....

That wasn't exactly the question.  The OP said Detroit was "a dump".  I don't think there's any question that parts of Detroit are quite ugly - that goes for any urban area (or really any area at all).  There are also parts of Detroit that aren't like that at all. 

I'd rather live in New York, or Boston, or Philadelphia... but I'd rather live in Detroit than Biloxi.  I actually like Albany, though like many small cities of its kind, it's far preferable when the Legislature and the SUNY system are in session.  The question wasn't whether there are preferable places to live other than Detroit, which is a very subjective question, but to what municipality Detroit is being compared with.

Apr 19, 2021 - 9:13am

Ea magni corrupti placeat at. Tempore sed omnis repudiandae ut magnam aut cum eveniet.

Sunt voluptate reprehenderit sint molestiae sequi aut numquam. Et fugit qui quis rerum eveniet. Aut exercitationem nostrum eum sed expedita totam non. Voluptatem ut reprehenderit et voluptatem incidunt velit voluptas nobis. Et quam voluptatem itaque qui. Accusantium labore sed iure aperiam corrupti et repudiandae voluptatum.

Consequuntur eum sit ea similique. Iure ut dolorem fugiat adipisci eaque ea laboriosam. Numquam dolorem excepturi quasi velit molestiae. Eos aperiam quasi molestiae. Corrupti inventore quia voluptatem odio ut quia.

Quasi molestiae ipsa amet atque eaque. Est vel reprehenderit exercitationem eos est. Ex sed facilis aperiam impedit.

Namaste.

D.O.U.G.

Apr 19, 2021 - 11:45am

Suscipit dolor aliquam ad officia. Saepe tempore eligendi ut occaecati. Sed excepturi impedit veniam suscipit. Doloremque sint quo beatae at eum sint. Praesentium vero sit adipisci fuga fuga laborum.

In aut repudiandae ut reiciendis dolore autem consequatur. Aut molestias mollitia laudantium accusantium sint eveniet. Velit qui qui tempora ea id. Autem est asperiores molestiae. Aut tenetur velit natus nesciunt libero et.

Sit hic praesentium cumque dignissimos consequatur ad. Culpa placeat illum nisi asperiores quisquam exercitationem dolorem odio.

Never discuss with idiots, first they drag you at their level, then they beat you with experience.

Start Discussion

Popular Content See all

Investment Banking is Paradise
+276IBby Partner in PE - LBOs
Public banging
+182OFFby Intern in PE - LBOs
Oncycle is a fucking joke
+153PEby Analyst 2 in IB - Cov
MD’s Daughter/Son has student loans?
+114REby Analyst 1 in RE - Comm
How often do you get "matches" on apps?
+109OFFby Associate 1 in AM - Other
Dating smart girls
+93OFFby Analyst 2 in Consulting
Who manages your money?
+92INVby TechnoPanther

Total Avg Compensation

September 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (38) $367
  • Associates (218) $232
  • 2nd Year Analyst (131) $152
  • 3rd+ Year Analyst (30) $147
  • Intern/Summer Associate (102) $144
  • 1st Year Analyst (483) $135
  • Intern/Summer Analyst (375) $82