"Judge declares Detroit eligible for Chapter 9 bankruptcy"

[BlueStreak]

Originally Posted by Charles

I don't know if you could give it to me.

First you have to clear it, then mow it, and pay taxes on it. If you tried to build on it, your materials would be stolen as fast as they were delivered.

Reminds me of free advice...it's generally worth what it costs. In this instance I'd rather have free advice, it doesn't come with responsibility.

Chas

Long view, Chas. I know it's a stretch in todays "quick buck" mentality, but believe it or not, some people still think in the long term. They're up there buying entire neighborhoods for a few thousand bucks, clearing it and leaving it sit. How much can the tax be on something that is worthless? If or when the value rises, it's usually because the economy is improving. That's when you build and sell.

I'm not the total Commie you think I am.

Dave