This is how the housing speculators help destroy Flint. Check out this property listing on eBay for 2322 Delmar Avenue in Civic Park, not far from Haskell Community Center. I spent a lot of time on this street as a kid and more recently while house hunting and writing Teardown: Memoir of a Vanishing City. The New York owner describes it as a “great investment property!” It’s not. Delmar is one of the most abandoned and desolate streets in Civic Park these days. The setting is described as “suburban.” Also not true. The Zillow estimate is a testament to the flaws of online housing valuations and deceptive advertising: $40,000. Not even close. The condition: “Needs some repair.” That’s technically accurate but doesn’t reveal that the house has probably been stripped clean by scrappers. Some clueless “investor” looking to make a quick buck could buy this house without knowing just how troubled the neighborhood really is right now. Then walk away from it down the line. The county will be left to deal with it at taxpayer expense.
UPDATE: Here's the response I got from anwarproperties regarding this property:
"Thank you for your interest in the property. Please do not mind the wordings of my answer, these are investment properties which are going to sell in few hundred $, so this is buyer's responsibility to complete all due diligence needed to determine the condition or taxes. We are buying in bulk 15-20 properties and selling as is, and giving the information we have got from our selling investors or banks because we never visited these properties.Great to know that Flint houses are nothing more than lottery tickets to these speculators, something to just throw away if they don't get lucky.
"I never been there, these investment properties are available for a limited time. As soon the economy in that area will get better who will sell these houses in these prices?. So the wise are collecting these lottery tickets now."
