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To: ferg flute; stars & stripes forever; stephenjohnbanker; Liz; sickoflibs

Ferguson home values are plummeting, and residents are feeling the pain...

http://fusion.net/story/104184/ferguson-home-values-are-plummeting-and-residents-are-feeling-the-pain/

From link:

“If I sold this place today, I could probably get $300,000 for it, if anyone is crazy enough to buy. Last year, the county said this lot was worth almost a million,” he says. “The value here is all going down. There’s about nine burnt-out buildings this way,” he says, pointing. “And about four more behind me.”


1,178 posted on 04/27/2015 8:59:21 PM PDT by GOPJ (The thugs loot stores. The community leaders loot cities. - Daniel Greenfield)
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To: GOPJ
Yep, I got my property tax assessment last month, and I took a serious hit. Just means my taxes will be lower. However, I'm not seeing an inordinate number of For Sale signs and the people here are staying and fighting. New businesses are opening and old ones are rebuilding. We've lived through White Flight in North County and all that happens is that beautiful places get destroyed.

Ferguson is fighting back, we are winning, we will defeat the b******ds who tried to destroy this great little town, and we'll show the rest of the country how to recover from these attacks that evil people have planned for the entire country. In a few years, when Ferguson's recovery is complete and undeniable, my tax assessment will go up, my tax payment will increase, and my city will be an example of what can be done with decent government, good people, and local entrepeneurs.

1,257 posted on 04/27/2015 9:28:56 PM PDT by ferg flute
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