Is New York The Next Detroit?
Valuetainment
Valuetainment Episodes
4.8 • 1.7K Ratings
🗓️ 9 March 2021
⏱️ 20 minutes
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Summary
In this video Patrick Bet-David breaks down whether New York is following in the footsteps of Detroit and where the future of New York will go.
Transcript
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| 0:00.0 | What do you think about when you hear the name Detroit, meaning Detroit mission? What comes to |
| 0:03.5 | mind? Do you think about wealth? What do you think about poor crime? What do you think about? |
| 0:08.7 | Did you know Detroit's nickname used to be the Paris of the Midwest, Motown, |
| 0:15.4 | Motor City? Did you know in the 50s Detroit was the richest city in the world per capita |
| 0:22.0 | until things happen? And we are looking at similar trends taking place with New York City, |
| 0:28.7 | the big apple, the central of the world, the capital of the world. Why is everybody |
| 0:33.3 | or majority of people sitting there saying, I may be leaving New York, 50% of people making over |
| 0:40.0 | $100,000 a year income are considering leaving New York City. So today we're going to dissect |
| 0:45.8 | what happened to Detroit. Then I'm going to show you what's going on with New York City. |
| 0:50.4 | Then I'll give you a few mistakes New York City is making today on why they could potentially be |
| 0:55.3 | the next Detroit. So having said let's take a look at it. So 30 places in America that are getting |
| 1:01.2 | poor. Let's see which one is getting poor the most. This is an article that's a month ago. |
| 1:07.1 | If you go all the way down, top five Buffalo, New York, Milwaukee, Newark, Cleveland, |
| 1:13.0 | Lucas number one. New Detroit, change in per capita income, minus 6,300, change in media income, |
| 1:20.6 | minus 42,000, change in population, minus 834,000 people I've left, and change in poverty rate, |
| 1:29.0 | is 328%. So we just talked about what? The cities that are getting poor. Now let's take a look at |
| 1:37.6 | crime. CBS News, November 9, 2020, 34 months ago, the most dangerous cities in America ranked. |
| 1:45.9 | Okay, let's go. Who's number 50 Rochester, New York? You know, who's number 35? New Haven, |
| 1:51.2 | Connecticut. Who's number 29? Dayton, Ohio. Who's number 20? Chattanooga, Tennessee. Who's |
| 1:56.5 | number 12? Oakland, California. Who's number four? Baltimore, Maryland. Who's number one? Detroit, |
| 2:02.8 | Michigan is number one in 2019. 275 people were murdered. Detroit overlooks and |
| 2:09.6 | nations. New, most dangerous city. Detroit's violent crime rate is 1965. Incidents per 100,000. |
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