all 9 comments

[–]In-the-clouds 5 insightful - 3 fun5 insightful - 2 fun6 insightful - 3 fun -  (2 children)

It feels like serfdom, where we are all peasants living on someone else's land. We don't own the land or the house. Those that don't pay the yearly property tax can see they didn't actually own anything but were renting from the government, and when they didn't pay their rent, they got evicted.

We don't really own anything in this short life. Everything here is temporary.

Interesting article.

[–]naples 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Maybe, but that article is fairly biased. This is how the government controls nuisance properties in a bad neighborhood.
If you'd ever lived in the hood you would probably see it differently.

[–]In-the-clouds 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

[–]xpat 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 2 fun -  (0 children)

It's the same everywhere, corrupt agencies will try to grab as much as they can and the courts cover them.

[–]Rob3122 4 insightful - 4 fun4 insightful - 3 fun5 insightful - 4 fun -  (0 children)

The shithole that is Minnesota keeps getting shittier. Saint Floyd didn't overdose under a cop's knee for this!

[–]jw329 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

you rent the land from the government and rent the home from the banks, its such a scam

even if you pay the house off they government can still take your home

[–][deleted] 2 insightful - 3 fun2 insightful - 2 fun3 insightful - 3 fun -  (2 children)

Who bought a 93k home for 40k?

[–]xpat 7 insightful - 2 fun7 insightful - 1 fun8 insightful - 2 fun -  (1 child)

In such cases there is often inside knowledge so they have someone close to them know of the bargain so their relatives end up with nice houses for cheap or they might be connected to criminal circuits

[–]Zapped 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Yes. I saw this first-hand recently. A 120-year-old, $150K house in a historic neighborhood went for $60K without anyone but the realtor and buyer knowing about it. The buyer was close friends with the realtor. The seller was a non-profit organization that is selling a lot of property in the neighborhood so they are trusting the realtor as to what she can get.