Buying Vintage homes for cheap . . . what's the catch?

[fashion frank]

You know things are going badly for this country as a whole when a city that size goes belly up.
I also heard it's a way for the city to get out of the union contracts and pension's as a whole .

All the Best ,Fashion Frank

 

[jamespowers]

You know things are going badly for this country as a whole when a city that size goes belly up.
I also heard it's a way for the city to get out of the union contracts and pension's as a whole .

All the Best ,Fashion Frank

They are REALLY broke so they need bankruptcy protection. They just don't have the money to be doling it out like they used to. That was one of the causes of them being bankrupt in the first place. I have a weird feeling that the same kind of thing is going on here. We don't have the money but the politicians are still spending it. Clearly this cannot go on forever. Don't buy a vintage home in Detroit unless you really want to see what it was like in the Wild West.