Ohio should give away these old broken homes and require rehabbers to live in them for 5 years. Why let these out-of-state junk house flippers walk away with windfall profits that siphon further equity from local communities???
It is better to spend $10,000 repairing a house with,for example, new plastic plumbing, rather than waste $10,000 tearing the house down. An empty lot will sit empty for decades. With no resident on that lot, cities lose income tax revenue from any resident that might have lived there. Ohio could easily repopulate it's cities with economic exiles from California and other more expensive areas of the country. New residents with low housing costs and a lower cost of living bring to Ohio the potential for MORE jobs (and MORE income tax revenue for cities).
February 29, 2012 at 12:19 a.m.
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