You're skipping a few steps. Tax lien/default sale would reset the land value. *...

		caminante on Oct 17, 2023 \| parent \| context \| favorite \| on: Detroit wants to be the first big American city to... You're skipping a few steps. Tax lien/default sale would reset the land value. > This is why so many properties are vacant now. In Detroit...? People don't walk away because they can't afford taxes. It's because any dollar spent is negative NPV!