Submitted by LongjumpingShot t3_109x09s in baltimore
Animanialmanac t1_j4256p3 wrote
Reply to comment by Expendable_Red_Shirt in What does eviction prevention accomplish. by LongjumpingShot
What maintenance? Have you seen some of the empty rentals in Baltimore? Some are so poorly maintained they collapse, killing people. Holding on to property until better city leaders are in place and the property increase in value is called real estate speculation, people do it all over Baltimore.
EfficiencySuch6361 t1_j4292ff wrote
Ahhh yes I forgot that every vacant property isn’t receiving any maintenance at all city-wide
Expendable_Red_Shirt t1_j425z3w wrote
The solution is repossession not writing that off.
Animanialmanac t1_j427x8u wrote
Do you mean receivership?
The city can’t repossess a house, a bank could file foreclosure proceedings and then file for possession if the property is mortgaged, most of these are not mortgaged.
Receivership is a long expensive process in the city. At the end of the process the city will own the property. The city also fails at maintaining the city owned vacant properties.
Expendable_Red_Shirt t1_j428bgf wrote
Lol. Ok dude. Way to honesty engage.
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