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In a crowded ballroom next to a bankrupt casino, what remains of the Detroit property market was being picked over by speculators and mostly discarded.
Despite a minimum bid of $500, less than a fifth of the Detroit land was sold after four days.
Originally posted by endisnighe
One thing the city could have done at that auction was stipulate one bidder, one property. But the gubment does not care about our economy, only what bribes they receive. And look at Michigan, one of the most liberal tax tax tax states. Soon to be the vision of America.
Originally posted by St Udio
back taxes on property is cause of no-sales?
i see it as Location-Location-Location !!!
Originally posted by amatrine
Instead of Obama giving detroit housing assistance, why not put the money to give these homes to those that do not have them there? Seems a cheaper alternative to what he did with the 5,000 applications for housing assistance.
Originally posted by mikellmikell
reply to post by amatrine
If they keep bulldozing then sooner or later all the undesireables will move and the value will go up. Thats what is happening in this town. landlords have to have the property inspected by the police because the original inspectors took bribes and nothing changed