All Forum Posts by: Scott Mac

 I think that number is not the number that ends up in the paycheck of the worker.

I think a big part of that is the price of the benefits, these workers get some great benefits through their union (but you can't spend benefits).

Here is a breakdown

$17 an hour as a lot less than $70 an hour

https://www.google.com/search?q=What+is+the+average+salary+of+an+auto+plant+worker+in+the+United+States&rlz=1C1RXQR_enUS1127US1127&oq=What+is+the+average+salary+of+an+auto+plant+worker+in+the+United+States&gs_lcrp=EgZjaHJvbWUyBggAEEUYOdIBCTEyMDQ5ajBqMagCALACAQ&sourceid=chrome&ie=UTF-8

I am a total supporter of Detroit, but I have to say if I were on the board of directors for the maker of any major America vehicle I would want to take A good hard look at areas other than Detroit based on Having taxes nulled out for so many years.

Putting in an auto plant is a Big hammer to swing financially - it brings a lot to the area . 

They say that the auto workers make $70 an hour , but I think a huge part of that is in benefits . 

The actual paycheck money that the worker gets I think is much less than that . 

And so much more now is done by computerized robotic equipment , such as welding and spray painting . 

The other side of the decision coin of where the place these plants and factories is the saying " The know how that runs generations deep in all of us", Meaning A workforce that is ready and willing to do this type of work . 

I doubt that the old damaged from the riots buildings would meet the standards of this new century It would probably be better to build new, but then you need rail lines and heavy duty electrical. 

But they are on the taconite trail.

But as far as choice of location Detroit is Car Land - the Motor City.

And I think that might hold a lot of sway with the decision makers on the boards, even Mercedes who produces a vehicle in the USA.

But we have to be realistic about this, It is possible that they may locate facilities in areas where they get tax breaks if the Motor City does not offer those tax breaks to them.

Because the Detroit of old, under Mayor Cavenaugh (And his idea men), Is not the Detroit of now.

And like I said above I am a major supporter of Detroit getting back on the map.

Just my 2 cents.

Maybe instead of ill defined, We could look at it as openly defined, in other words it can have the meaning that you personally give it.

 Being an entrepreneurial person, leads me to for lack of a better term, let the horse have his head- meaning let's just see where this goes.

Ouch-!!!

And no reserves, double ouch...

 Hundreds of homes - Arson.

The stronger the breeze, the stronger the trees.

What are your thoughts on this?

Have things always been easy for you?

No because housing stock ages and gets torn down, so we may see some empty fields similar to Detroit in some areas, but in larger cities those areas tend to be very desirable so they may get built back on again as the suburbs age.

Just my 2 cents!

Builders build - Owners own.

Just my 2 Cents.

You might want to get a second opinion.

Back before PowerPoint became ubiquitous in this business I watched an owner do a rehab on 100 units plus, in a completely ridiculous manner.

Nothing I said, and nothing the property manager said would stop this Bull in a china shop from acting like this.

The bank foreclosed upon him quickly and he and his investors lost everything.

He damaged the asset so badly that the guy who came in to buy it swept it up for pennies.

What I'm saying is it's not just the written material you need to be on lookout for, It's the actual personalities of the people.

And when someone pledges their home in the deal, that's a rough cookie to swallow.

Boy did he lament!