Quote:
Originally Posted by Por_sha911
Some tenants were genuinely hurt by COVID and tried to do the right thing.
Some are leeches and deserve to be thrown out without a tear shed.
Some landlords will get sick of the scheet. They will stop paying taxes and default on the mortgage (and maybe declare bankruptcy) because they can't afford increased taxes, increased maintenance, and no income. The home will be repo'd and the banks will shut it down. Fire sale prices for remodelers will follow and the circle of life will continue. The sad part is that the leeches will have no repercussions. Bad credit is no longer a scarlet letter on your credit report and there is always some new bleeding heart wanting to dole out money to the "poor" even if they don't deserve it.
There used to be homes you could buy in East St Louis for $1.00 BUT you had to pay the past due property taxes (which were higher than the value of the property). I see this coming to big cities across America
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Happened in Detroit years go. The city then contracted with a major demo company that took the money and demo’ed very few houses.