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Why would you buy a location that the previous owner had to sell because it came with a crippling tax burden and no source of income?
by chrisseaton 5y ago
Why would you buy a location that the previous owner had to sell because it came with a crippling tax burden and no source of income?
- syops 5y agoWell, presumably because you could buy it at a price that made the investment feasible. That price could be $1. Maybe the land truly is worthless. In which case the auction is for nought. Then the community might decide to form a small playground for the plot of land or a community garden. Maybe the land could be used for housing instead of for commercial purposes.