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Detroit is lost
From yesterday’s news: “DETROIT (Reuters) - To understand why critics say the market-based tax foreclosure system is failing in Detroit, drive up Desoto Street near the city's geographic center. The street is a mix of older ranch-style homes, new construction financed by a local church and wide-open green spaces where homes have been demolished or burned down. Fifteen vacant lots on the street were listed in the October auction by Wayne County officials after owners failed to pay taxes for the past three years. None of the lots sold at the minimum bid of $500. Americans have grown used to the idea that Detroit -- a one-time industrial powerhouse -- is a dying city with unemployment of 28 percent.” It seems Detroit’s residents were somehow not motivated to keep the good times rolling. Most of the upper middle class left and the employers of the middle and lower class went bankrupt. Even this topless woman left. So who pays the taxes now?
From yesterday’s news: “DETROIT (Reuters) - To understand why critics say the market-based tax foreclosure system is failing in Detroit, drive up Desoto Street near the city's geographic center. The street is a mix of older ranch-style homes, new construction financed by a local church and wide-open green spaces where homes have been demolished or burned down. Fifteen vacant lots on the street were listed in the October auction by Wayne County officials after owners failed to pay taxes for the past three years. None of the lots sold at the minimum bid of $500. Americans have grown used to the idea that Detroit -- a one-time industrial powerhouse -- is a dying city with unemployment of 28 percent.” It seems Detroit’s residents were somehow not motivated to keep the good times rolling. Most of the upper middle class left and the employers of the middle and lower class went bankrupt. Even this topless woman left. So who pays the taxes now? 
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