Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I'm assuming the banks are holding onto the homes and not going through the foreclosure process (people are snapping up homes in foreclosure these days) because the houses still have value. A city couldn't make up the property taxes in 30 or 40 years on what it could make on a house in foreclosure.
by Upstate NY on Thu Jun 18th, 2009 at 04:03:40 PM EST
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