Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (12456)	8/17/2003 9:54:22 PM
From: GraceZ	Respond to of 306849

perhaps we could look to the 1986 RE reform act and how it adversely effected commercial real estate values I remember it well because housing values in the City of Baltimore are just now coming back to 1987-89 levels. The 1986 tax revisions had a devastating effect on inner city rental dwellings. It was no longer profitable to own them so the buildings were dumped wholesale on the tax payers. I would say that one bill is responsible for at least half the 40k vacant abandoned properties in the city, with lead pain liability taking up a close second and the arrival of crack as a good third place candidate (here's where the vacant properties came in handy -ng-). In 1986-87 hope, renovation and inner city Renaissance was everywhere, by the mid nineties, there was a mass exodus of the middle class not seen since the 70s.