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Posted: 1/28/2015 1:42:20 AM EDT
This will help, even though the same people are running the show.  By Serena Maria Daniels DETROIT (Reuters) - Detroit may offer city employees a 50 percent discount on homes sold through the city's auction program as part of its efforts to rebound after exiting its historic bankruptcy in December. The proposal introduced to the City Council on Tuesday is for current city employees, their families and retired city workers. The idea is to encourage families to repopulate devastated neighborhoods that have seen a decades-long exodus by residents. "Our employees are the city’s biggest champions,” Mayor Mike Duggan said in a statement. "Whether they are renters looking to buy, homeowners who want to restore and move into a bigger house, or employees living in the suburbs who might like to return to the City, we wanted to make it easier.” The issue will be discussed on Thursday by members of the planning and economic development committee, who will decide whether to recommend it to the full council. If approved, the program could take effect by mid-February. This latest effort comes as Detroit's eight-month-old Land Bank Authority struggles to shed ownership of 24,500 city-owned properties, mostly acquired over the years when owners failed to pay their property taxes. Buyers had closed on only 154 of the 394 properties auctioned off by the end of 2014, said Craig Fahle, the Land Bank spokesman. The city had fewer than 700,000 people in 2013, compared to close to 1.9 million in 1950. |
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Posted: 1/28/2015 1:47:04 AM EDT
[#1]
interesting.....
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Posted: 1/28/2015 1:48:52 AM EDT
[#2]
Rental homes maybe? Who would want to own one there?
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Posted: 1/28/2015 1:50:43 AM EDT
[#3]
These are the same vacant homes that were being offered for a dollar* to anyone who was brave/dumb enough to buy them?
*Plus back taxes, other misc. fees |
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Posted: 1/28/2015 1:53:01 AM EDT
[#4]
Quote HistoryQuoted: Rental homes maybe? Who would want to own one there? |
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Posted: 1/28/2015 1:58:54 AM EDT
[#5]
Sell them to everyone for 50% off.
Who ever buys them have 1 year to bring them up to code and livable. You must live in it for at least 4 years before selling. Total of 5 years. If sold before then you must pay a penalty of 2xs of purchase price. Paid 25000 then you will have to pay 50000 more if sold before the the 5years is up.
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Posted: 1/28/2015 2:06:19 AM EDT
[#6]
Quoted:
"Our employees are the city’s biggest champions,” Mayor Mike Duggan said in a statement. Except at contract time. |
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Posted: 1/28/2015 2:17:00 AM EDT
[#7]
taxes.....
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Posted: 1/28/2015 2:24:53 AM EDT
[#8]
No thanks |
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Posted: 1/28/2015 2:30:40 AM EDT
[#9]
Quote HistoryQuoted:
Except at contract time. Quote HistoryQuoted:
Quoted:
"Our employees are the city’s biggest champions,” Mayor Mike Duggan said in a statement. Except at contract time. I think the problem in Detroit is that they got what they wanted at contract time. |
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Posted: 1/28/2015 2:36:35 AM EDT
[#10]
Quote HistoryQuoted:
These are the same vacant homes that were being offered for a dollar* to anyone who was brave/dumb enough to buy them? *Plus back taxes, other misc. fees That's what I was wondering. They were selling these homes for nothing not long ago. So, what are they doing? It's a tarp and a scam. They are either going to sell these homes for fiddy cents or they are going to inflate the price in an attempt to recover more money and make some dumb ass buyer THINK he got a deal. 
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Posted: 1/28/2015 2:40:26 AM EDT
[#11]
Quote HistoryQuoted:
These are the same vacant homes that were being offered for a dollar* to anyone who was brave/dumb enough to buy them? *Plus back taxes, other misc. fees It was about 5 years ago (IIRC) the same houses were being offered to lateral cops and FF. IIRC deal was you could fix it up move in (they would loan upto 20 K for the fix up) and after 5 years it was yours. I said fuck that shit. |
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Posted: 1/28/2015 2:56:54 AM EDT
[#12]
Quote HistoryQuoted:
Sell them to everyone for 50% off. Who ever buys them have 1 year to bring them up to code and livable. You must live in it for at least 4 years before selling. Total of 5 years. If sold before then you must pay a penalty of 2xs of purchase price. Paid 25000 then you will have to pay 50000 more if sold before the the 5years is up. Lol they can't even give away the houses let alone sell them for half off. You would think they'd give them away so they can bring in tax revenue asap. |
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