Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
I used to run into Suzie and her late husband Michael all the time. Unfortunately, Michael died at a relatively young age. Most of these lots, if not all, were acquired in the Scavenger Sale tax auctions in the 2000s. For most, they probably paid between $250 to $1000 plus the cost of petitioning for tax deed. Michael and Suzie spent their life savings and legal careers acquiring these lots and managing a portfolio of tax liens. In general, these lots have sold for between 15k to 25k for the past 20 years! There has been basically no nominal value… Read more »