$2k etc homes
$2k etc homes
Out of context: Reply #11
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- monNom0
yes you can 'buy' a house for that price, but your municipal taxes are a massive liability. You're essentially buying the obligation to repurchase that house (that you wouldn't want to live in) again every year. More than half of Detroit has left in the last few years. The tax-base is so withered that the last few suckers who actually hold property are the only ones paying to service the entire metro area. THAT is the reason why landmark buildings are abandoned, and why you can buy a house for $1 plus back taxes. Detroit is not going to get better for decades, if ever.