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Every time a hyper cheap piece of property comes up, it's usually suffering from one or more of the following:

1.) These houses are smack dab in the middle of niggertown
2.) These houses have liens on them from the city due to an absurd dollar amount of unpaid property taxes, which the new owner will be liable for as a condition of the sale
3.) These houses are full of lead paint and/or asbestos, which will require extremely expensive removal by specialists
4.) These houses are in the middle of nowhere, with no working infrastructure (electricity,/water/sewer/gas/etc).
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I had a buddy who bought up a whole block in Detroit for like 100k$ to clean it up and make a gated community. No construction could get done because ANYTHING not chained down would get stolen. Not just obvious things like tools and sheet metal, but they'd take bricks, used paint cans, trash bags filled with chipped away drywall, you name it. Eventually he just walked on the whole project. You really can never win when niggers are involved.
