3 ms·
Right when Detroit was at it's lowest and about to declare bankruptcy I had a friend buy an empty lot, put up a website and sell a square foot of the city to an
by rmason 4y ago
Right when Detroit was at it's lowest and about to declare bankruptcy I had a friend buy an empty lot, put up a website and sell a square foot of the city to anyone. In Michigan at least it attracted a lot of publicity.
The website is long gone and although you got a deed I'm not certain you really owned anything. If you did you'd owe taxes and Detroit is pretty aggressive about collections.
https://www.nydailynews.com/news/national/evicted-101-year-old-detroit-woman-home-back-article-1.1056341?comment=true https://www.nydailynews.com/news/national/evicted-101-year-o...
- rootusrootus 4y agoI kinda wondered about all those stupidly cheap lots. At the price they are going for, there is a huge number of people in America that could buy them just for speculative reasons. Turns out if you do that, the city will take them back if you don't fix up the house and get it occupied. Source: Friend of mine bought cheap property in Detroit. Threatened with a lawsuit, so he gave it up to the city.
- ben_w 4y agoI was slightly tempted to do the same. Glad it was triggering my "too good to be true" radar.