Free Republic
Browse · Search
News/Activism
Topics · Post Article

Wow, imagine that. Bought a house within her means, paid cash, and didn't need the taxpayers to bail her out.
1 posted on 10/02/2008 4:58:53 AM PDT by itsthejourney
[ Post Reply | Private Reply | View Replies ]


To: itsthejourney

I wonder how much in back taxes the new owner owes?


2 posted on 10/02/2008 5:00:28 AM PDT by nikos1121 (Obama-Biden Where's the beef?)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: itsthejourney

Look for my other items for sale

Combine shipping and save!

3 posted on 10/02/2008 5:01:43 AM PDT by billorites (freepo ergo sum)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: itsthejourney

Actually, she did not buy a house, she bought the opportunity to pay real estate taxes


5 posted on 10/02/2008 5:02:26 AM PDT by bert (K.E. N.P. +12 . Off With her head.....)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: itsthejourney

Up here in Michigan I have been watching an interesting trend...well perhaps not a trend, say a minor social miracle. People in the suburbs of Detroit who have been hit hard by job and home loss have been moving back into the city. It seems they need some sort of anchor, in this case a Catholic church that has weathered the great flight out of the city, but they are now willing to give Detroit a chance. Yes, they give it a chance out of desperation but then that is sometimes how real change happens, tentatively. Most of the homes, well built for cold winters, can be had for the price of the taxes or for under $10,000. Homes that would sell anywhere else in suburban Detroit for 100,000 to 150,000 dollars, (not now perhaps but less than a year ago), are being purchased and fixed up. I hope this phenomena continues. Detroit gets slammed all the time but there are still great people in this beleaguered city who work hard and try to improve their neighborhoods.


22 posted on 10/02/2008 5:35:30 AM PDT by Diva
[ Post Reply | Private Reply | To 1 | View Replies ]

To: itsthejourney
I think she could make money here with a little work and patience:

1) Pay for property and back taxes - $850.

2) Petition the County to reassess the property for the fair market value, $2. Being sold on ebay with the auction open for a week or 2 it would be difficult for the county to debate. - No continuing taxes. HA!

3) Pull permits, $500.

4) Collapse the house. She has to do this herself because it's expensive to have demolition work done as opposed to clean-up. If she has a trailer hitch on her car, she can pull the corners out from under the house. $100.

5) Hire 3 guys with an old pickup, a trailer (and insurance) to haul away all the debris. $1600.

6) Have the city replace the sidewalk and driveway approach on the right-of-way. Municipalities do this and charge it back to the property owner. Usually it is very reasonable because the work is on city land and the cost is split or reduced. $1750

7)Plant grass and keep it mowed. $1200.

Total cost $6000. Don't know what building lots go for in Saginaw. She'll have to get 3x to make it worth her time, about $18,000.

27 posted on 10/02/2008 5:56:43 AM PDT by Damifino (The true measure of a man is found in what he would do if he knew no one would ever find out.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: itsthejourney

Here is a picture of the house,built in 1884.

35 posted on 10/02/2008 7:23:33 AM PDT by tapatio
[ Post Reply | Private Reply | To 1 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson