been saying this was the solution for years.
You don’t build NEW housing for the homeless, you let them buy the properties the city has foreclosed on instead of selling them to investors on the courthouse steps
*** the homes would only be sold to individuals who are willing to invest their money in fixing the dilapidated homes. ****
I bought an acreage that was listed at $175000 back in 1989. The people could not sell it so walked away from it. Within a month vandals and scrappers hit it tearing it to pieces. We got it very cheap, but it took us 5 years to make it livable as my wife and I did all the repair work ourselves. When we finally moved in in 1994 we were debt free in a 2800 sq ft house on 15 acres.
It also had a once nice in ground swimming pool but when I drained it, I found it so shot full of holes, and repair costs from a pool repair place would have made it’s repair almost as much as a new pool, I had it filled in.
I remember an old scam from decades ago in which people were sold very cheap homes. Once the deal was made the County would hit them with very high PROPERTY TAXES. Very high!
Didn’t baltimore do this in the early 1980s? I wonder these are the same houses renovated and then trashed again.
That judge in New York, Engoron, did the Valuation on the homes. He’s his own expert on home values.
wouldn’t drop a good Texas turd in Baltimore, much less a dollar.
US Citizens with a family and job need not apply, this Illegal Alienism 101.
We have 10 Million Illegal Aliens who can move in if you give them money.
The city can always raise the taxes high enough so the value of the property is $1 regardless of the condition of the house.
Baltimore? That’s about as appealing as owning a home in Memphis. Which, is to say, it’s the waste of $1.
Awwww, that’s so sweet, Baltimore? What’s next? Maybe offer me a commercial retail space for $1 and proof that I can fund a local convenience store to solve your food desert problem? Maybe you have a bridge you can throw in, for another buck? Oops, did I say “bridge”? I’m so sorry!
They did this when William Donald Schaefer was mayor (the only Democrat I’ve ever had any respect for) and the program was very successful. But that was a different time and a different political climate.
Anyone with enough money to renovate has enough money to move away from Baltimore.
This is a good indicator of areas NEVER to move anywhere NEAR.
One-thousand alien invaders with $90 each can cover the dollar asset requirement.
Move ‘em in.
April Fool!
Thirty or forty years ago this was happening and they called it Urban Homesteading. I think it led to some good gentrification of some formerly terrible areas.