| ▲ | advisedwang a day ago | |
Did you look at the $3000 house? https://govauctions.app/auction/hud-home-420-e-dayton-st-fli... It needs to be torn down and rebuilt. It's not a large plot. It doesn't seem to be in an attractive location. For all we know the water is undrinkable. I suspect its true value is negative. | ||
| ▲ | Scoundreller a day ago | parent [-] | |
Heh, some landowner near me owned a piece of contaminated property. Technically worthless but was getting some lease money for a shop on the property. I think their game plan was for the city to grow and it being valuable to excavate one day for a condo or other building. Soil remediation is a lot cheaper when you dig anyway. Transit agency tried to expropriate for a train station at market value: ie $0. Looks like it got settled out of court: https://canliiconnects.org/en/commentaries/88178 | ||