The DETROIT NEWS COVER STORY on Foreclosed and rundown homes being resold is indicative of the present status of Detroit.

However, Renters are becoming Homeowners.

The most upsetting part of the story to me is the amount of Taxes that must be paid on these rundown homes.
Newt Gingrich was right! Gingrich said, according to a report on MLive.com. "No taxes for a decade on job creation. No taxes on investments. No taxes on capital gains as long as they are in Detroit."

I say let's put moratorium on Property Taxes in Detroit. With houses being bought for $500 and $1,500 why is there a property tax?