Man blows himself up in his own house after the state takes it from him because he fell behind on property taxes.

[struth]

And if the market crashes like it did in 2008, due to Andrew Cuomo, what then? If you were planning to sell and downsize, do you continue with the loss or wait it out?

Um. I’d wait it out

I’ve never seen real estate lose value over time

But for sure, if it’s losing, wait it out

That’s a no brainer

 

[Mikeoxenormous]

Um. I’d wait it out

I’ve never seen real estate lose value over time

But for sure, if it’s losing, wait it out

That’s a no brainer

Detroit demolished 27,000 abandoned homes under Duggan as Land Bank inventory dwindles - Detroit Metro Times

Detroit has demolished roughly 27,000 abandoned houses and sold another 19,000 formerly vacant homes since Mayor Mike Duggan took office in 2014 and embarked on what became one of the largest residential blight-removal efforts in the country, city officials said this week.

Nearly 12 years ago, Detroit had an estimated 47,000 abandoned, city-owned houses under the Detroit Land Bank Authority. As of this month, that inventory has been reduced to 942 homes, according to a final report released by Duggan ahead of the closeout of Proposal N, a voter-approved bond program that funded the second phase of demolitions.

Some people in Detroit thought the same thing, but ended up leaving without much to move on. Democrats can ruin the richest cities in the US, just look what is going on in NYC and LA. Soon Detroitification will happen there also. Homes are not an investment, they are a safe space to live in, when safety no longer is available, time to move out. I left Manassas Va, because the idiots of Prince William County, voted in the first man with tits congressional rep. All down hill from there.

 

[RoshawnMarkwees]

Um. I’d wait it out

I’ve never seen real estate lose value over time

But for sure, if it’s losing, wait it out

That’s a no brainer

Except for when section 8 housing is built down the street by a developer who funded the mayor’s campaign.

 

[struth]

Except for when section 8 housing is built down the street by a developer who funded the mayor’s campaign.

Disagree

That sounds like a govt issue

Get those folks out of office

The real estate will increase in value

 

[struth]

Detroit demolished 27,000 abandoned homes under Duggan as Land Bank inventory dwindles - Detroit Metro Times Some people in Detroit thought the same thing, but ended up leaving without much to move on. Democrats can ruin the richest cities in the US, just look what is going on in NYC and LA. Soon Detroitification will happen there also. Homes are not an investment, they are a safe space to live in, when safety no longer is available, time to move out. I left Manassas Va, because the idiots of Prince William County, voted in the first man with tits congressional rep. All down hill from there.

Socialism destroys

But the land is still there and will be worth something

 

[SaxonJackson]

Man blew himself up with explosives inside his own home after tax auction heartbreak — as map shows seized homes

The man died in an explosion at the house after the property had been sold through Sacramento County’s tax-defaulted auction system.

www.yahoo.com

A Sacramento man blew himself up inside his own home after losing it in a tax auction, turning one seized property into a deadly symbol of the ugly surprises that can come with bargain real estate deals.

The man died in an explosion at the house after the property had been sold through Sacramento County’s tax-defaulted auction system, according to The Sacramento Bee.

The case now looms over the county’s latest tax sale, where 32 properties were listed for auction and promoted as potential deals for buyers willing to take on the risk.

The auction, which began Monday—includes homes, vacant lots, and other parcels that were put up for sale after owners fell behind on property taxes.



Under California’s tax-default process, counties can sell properties after years of unpaid taxes, allowing bidders to scoop up real estate that can appear far cheaper than anything on the traditional market.


But the Sacramento case shows the darker reality behind those tempting listings.

The property tied to the explosion had been taken through the same system, with a map showing the seized home at the center of the tragedy.

Sacramento County warns bidders that tax auction properties carry significant risks.

Buyers are told they may not be able to inspect homes before bidding, may not be able to enter them, and may discover after the fact that someone is still living inside.



“There may be someone living in the property you purchased,” the county warns in its tax sale information.

We may see more of this as the state ignores the higher cost of living for the average American, including the property taxes they jack up as well.

Some may prefer to do just the same rather than go live in government housing.

Proof that nobody in America "owns" their home. Stop paying tribute to your State landlords? You may as well kiss "your property" goodbye.

 

[Lockback]

I can't say I blame him.
If I lived in California, I'd blow myself up too.

 

[skye]

It's horrible what the man in the OP went through .... but you don't blow yourself up because of that!

That's

 

[RoshawnMarkwees]

Disagree

That sounds like a govt issue

Get those folks out of office

The real estate will increase in value

You can’t disagree. It’s reality.

 

[Yarddog]

Property taxes are just a demonstration that you never actually own land or property, you only renting it from the government. Proof? The first thing they do when you refuse to pay the tax is kick you off of it.

Whats worse are those poor souls who got themselves into the condominium Trap.
have a poor friend here in California who thought she was doing the right thing .. got into a Condo 10 years ago but then each year the HOA, kept raising the fees every year... HOA dues there are now 700 per month ..almost as much as the mortgage and plus the property tax.. its just riddiculous. none of it seems justified.

 

[Dagoth-Ur]

Man blew himself up with explosives inside his own home after tax auction heartbreak — as map shows seized homes

The man died in an explosion at the house after the property had been sold through Sacramento County’s tax-defaulted auction system.

www.yahoo.com

A Sacramento man blew himself up inside his own home after losing it in a tax auction, turning one seized property into a deadly symbol of the ugly surprises that can come with bargain real estate deals.

The man died in an explosion at the house after the property had been sold through Sacramento County’s tax-defaulted auction system, according to The Sacramento Bee.

The case now looms over the county’s latest tax sale, where 32 properties were listed for auction and promoted as potential deals for buyers willing to take on the risk.

The auction, which began Monday—includes homes, vacant lots, and other parcels that were put up for sale after owners fell behind on property taxes.



Under California’s tax-default process, counties can sell properties after years of unpaid taxes, allowing bidders to scoop up real estate that can appear far cheaper than anything on the traditional market.


But the Sacramento case shows the darker reality behind those tempting listings.

The property tied to the explosion had been taken through the same system, with a map showing the seized home at the center of the tragedy.

Sacramento County warns bidders that tax auction properties carry significant risks.

Buyers are told they may not be able to inspect homes before bidding, may not be able to enter them, and may discover after the fact that someone is still living inside.



“There may be someone living in the property you purchased,” the county warns in its tax sale information.

We may see more of this as the state ignores the higher cost of living for the average American, including the property taxes they jack up as well.

Some may prefer to do just the same rather than go live in government housing.

Property tax is theft, fight me.

 

[Dagoth-Ur]

Sometimes I believe we need to build Killdozers on an industrial scale to keep the local .gov property tax thieves in their place.

Drones, they are way scarier, easier, and have endless potential.

 

[22lcidw]

Socialism destroys

But the land is still there and will be worth something

If there is still electrical, water and sewer infrastructure in good or repairable condition that means a lot.

 

[Dagoth-Ur]

If there is still electrical, water and sewer infrastructure in good or repairable condition that means a lot.

To who? The bastards who robbed them?

 

[DigitalDrifter]

As long as you are permanently beholden to the government, you don't own it.

 

[Dagoth-Ur]

As long as you are permanently beholden to the government, you don't own it.

And leftists love that and support it

 

[RoshawnMarkwees]

Whats worse are those poor souls who got themselves into the condominium Trap.
have a poor friend here in California who thought she was doing the right thing .. got into a Condo 10 years ago but then each year the HOA, kept raising the fees every year... HOA dues there are now 700 per month ..almost as much as the mortgage and plus the property tax.. its just riddiculous. none of it seems justified.

That’s how you price ghetto out of town.