Vorschläge/Ideen zum Stadt » Foreclosures in Michigan have also le

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Rising Foreclosed and Bankruptcy Homes for Sale Led to Empty Land Business Articles | February 10, 2011
Bankruptcy homes for sale and foreclosures have led to empty houses and unused land in Detroit. This has also led to more real estate becoming taxpayer-owned. By ForeclosureDataBank


The huge number of foreclosed and bankruptcy homes for sale in Detroit, Michigan Black Deshaun Watson Jersey , has led to a lot of vacant and abandoned residential properties and land in the city. This, in turn, has led to more pieces of real estate falling into the city's control and becoming taxpayer-owned. According to local reports, taxpayers in Detroit own the biggest percentage of land in the metro area.


As the number of properties falling under Detroit foreclosure listings increases Black Justin Reid Jersey , the population of the city, in turn, decreases. Demographic data for the city showed that since 1950, Detroit's population has gone down by almost 50% Black DeAndre Hopkins Jersey , with current tally estimated at around 900,000. Because of lack of residents, around 39,000 pieces of land have reportedly fallen into the control of the city Cullen Gillaspia Jersey , making the taxpayer the biggest single landowner in the whole area.


Foreclosures in Michigan have also led to more than 10,000 parcels of real estate falling into federal ownership, which means that about 12% of total land in Detroit is public-owned. Local officials estimate that Detroit has the biggest land owned by taxpayers than any other metro area in the U.S. The problem is, these lands do not generate taxes and actually require money for maintenance.