Re: free house competition

royls@xxxxxxxxx wrote:
On Tue, 27 Feb 2007 22:36:08 GMT, "John Barrett" <ke5crp1@xxxxxxxxxxx>
wrote:

I have declined the offer of the property, and here is why >>

Do we get to see your winning essay?

Property Address

2164 Bailey Avenue
Buffalo, New York 14211

I did some research.. this a 2 story multi-family dwelling, 6 bedrooms and just over 2000 sqft, located in a run-down area of the inner city, and valued on the tax roles at just over $15,000... I would speculate that Bob hasn't had the least offer to purchase the property, isn't making a dime off of renting, and wants out of the yearly tax burden.

How much can the taxes be on a property valued at $15K? Bob probably
hasn't been able to sell it because no real estate agent wants to list
it. Maybe it's rent-controlled, too?

Yearly taxes are $696 according to that site. I don't think I'd want to be a landlord collecting rent in a neighborhood like that. You can find prices like that on the south side of Chicago and all over Detroit, too.


Bit of a reality check for someone like me, living in a city where
$15K would be the down payment on a single-car garage in the worst
part of town...


You should check mls.ca for Winnipeg, Saskatoon, etc. You could buy 20 houses there for what one would cost you on the west side of Vancouver. It's astounding.
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