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by TheaGood
on 5/3/17
CIRCLE OF GENTRIFICATIONBCORRUPTION
REAL ESTATE DEVELOPERSTARGET A NEIGHBORHOOD AND SLIP A BRIBE TO CITY COUNCIL MEMBERS.
THEY,IN TURN, VOTE TO RAISE PROPERTY TAXES AND UTILITIES AND INCREASE REGULATION HASSLES WHICH MAKE SINGLE-FAMILY HOME OWNERSHIP SO ONEROUS, THE DEVELOPERS IS ABLE TO BUY PENNIES ON THE DOLLAR. OR THE HOME IS SEIZED IF THE FAMILY CAN'T PAY THE TAXES, ETC.
IN SOME CASES, THE CITY GOVERNMENT CAN INVOKE EMINENT DOMAIN AND END UP SELLING THE PROPERTY TO THEIR REAL ESTATE CRONY AT ENORMOUS SAVINGS ( USUALLY WITH A KICKBACK) IN EXTREME CASES, DEVELOPERS HAVE BEEN KNOWN TO SET A HOME ON FIRE