Speculators, investors or vultures? Detroit land owners.

**pffft** · February-04-11, 12:23 PM

Day two of the series, worth reading, especially about what reforms would help discourage speculation:

http://detnews.com/article/20110204/...nd-speculators

**Richard** · February-04-11, 01:10 PM

Land Speculators have been around sense day one,there are checks and balances in the system,bring it down to the average person that owner buys a lot for the future,maybe to sell later for their kids collage fund, comes time to sell the lot what happens when the city owns the other lots and offers theirs way cheaper because they can? Can a city compete against its residents in the real estate market.

During the boom another city wanted to provide affordable housing for school teachers,police officers etc. they were going to use a parcel of land to build a large townhouse project,the thought was nice but it got shot down. why ? because at that point the city would have become a business that would have competed against its own residents.

How much does it cost the city taxpayers if one lawsuit occurs from one "slip and Fall " on a neglected city owned property? It has happened before.

**Detroit2MeetU** · February-04-11, 02:36 PM

You should be thanking these guys. How else would the city keep its beloved ruins...The entire Ruin Porn industry would vanish...

No more CNN. No more urban exploring.

**Hypestyles** · February-04-11, 03:02 PM

there needs to be a walkable nature preserve in Detroit, more bike paths, etc... The city should be more aggressive in staying on top of what's vacant and recently vacated, what's behind in taxes and how much, who owns lots and structures, those that are constantly in bad shape, and aggressively apply steep fines and seizure wherever legally possible.