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Residents Association of Greater Lake Mathews

RAGLM Board > General Discussion > No More Public Property on Public Property!
6/8/2011 3:12:18 PM
No More Public Property on Public Property!Post: Nathan
The county has conditionally approved a new measure to disallow foreclosure sales at the county steps. This is something that has been happening for over 108 years and I doubt it is any tougher than any time prior to now especially 'The Great Depression'. Pay attention to this line:

If bidders and sellers are spread out, he said, everyone stands to lose, especially the county, because the more people there are at auctions, the higher the bids go -- and the higher the price of a property, the larger the annual tax payment is on it.

Does that even make sense? Read it again. Silly me.

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