Article

2016-01-14 Government

A plan to tear down 4,000 vacant houses makes Baltimore the latest city to invest in demolition.

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Posted by Fred 2016-01-14 00:00|| || Front Page|| [2 views ] Top

#1 Never let a crisis go to waste. Detroit mayor tries to explain ever-higher prices for vacant home demolition. Detroit Mayor Mike Duggan defended the rising costs of tearing down blighted homes Tuesday, just hours after the Detroit Land Bank Authority that oversees the demolitions fired its executive director for undisclosed reasons.

Duggan spoke before the City Council to explain why the average cost for tearing down vacant homes in the city has increased to $16,400 each, compared with about $10,000 in 2013. The Detroit land bank oversees the auctioning and demolition of vacant, abandoned and foreclosed properties.

It has experienced some trouble in selling its "Rehabbed and Ready" homes. Those homes are taken from abandoned to rehabbed — often pouring more money in the renovation than the house is worth — with the help of Home Depot and Quicken Loans. Only a few have sold since the inception of the program this summer.

Posted by Anguper Hupomosing9418 2016-01-14 00:32|| 2016-01-14 00:32|| Front Page Top

#2 If you listen, you can hear this loud sucking sound. It is the redistribution of wealth from Montgomery and Howard counties into the city of Baltimore.

Posted by Sven the pelter 2016-01-14 00:44|| 2016-01-14 00:44|| Front Page Top

#3 See "The Wire"

Posted by Frank G 2016-01-14 08:49|| 2016-01-14 08:49|| Front Page Top

#4 Nuclear demolition might be a viable option, if the northerlies and easterlies were cooperative.

Posted by Besoeker 2016-01-14 11:09|| 2016-01-14 11:09|| Front Page Top

#5 Shades of Calais.
WAIT...can I say "Shades"?

Posted by Skidmark 2016-01-14 11:39|| 2016-01-14 11:39|| Front Page Top

#6 When son did mortgage re-titling on repos (1000s a month) he found Baltimore to be the most impossible city in the nation to deal with.
They don't allow turning off utilities (most owned by the city). The payments for the utilities can be purchased as a lien against the home. This makes cleaning up titles hard. To make it worse Baltimore only allows that clean up once a year for a few hours payable only by cash at the courthouse. No checks, no debit cards no credit cards only cash. The son damn near went nuts on this (as he was not even in Maryland) until he made a deal with a bail bondsman across the street from the courthouse. So whenever one of the homes whose title he was trying to clean got its date at the Baltimore court he would call his bail bondsman to rush dollars across the street. Baltimore needs to be punished by the nation for this sort of outlook.

Posted by 3dc 2016-01-14 12:09|| 2016-01-14 12:09|| Front Page Top

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