Kenosha KOs Racine:
Racine property values go down hard.
But don't worry, because a solution has been found;
Life is great at the top.
Read all about it: http://racineexposed.wordpress.com/2013/12/04/downtown-racine-real-estate-prices-collapse/
Matt King's mission to fight hunger in Milwaukee
8 hours ago
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3 comments:
It's amazing to think that a building with an estimated fair market value of $350,000 would sell for $40,000.
Where are all the buyers for the empty properties in Downtown Racine - with deals like those?
GEEZ - and a few short years ago - that property had a fair market value of almost $800,000!
That meant buying a property - like the Former Main Marine and Ski - complete with inventory and business for only around $1.1M was a hella steal! I can't imagine why there were no buyers and the property went into foreclosure.
I have noticed that two new Mexican restaurants - one on the Westside of Uptown, and one on Douglas recently closed - just after opening. Lots of new convenience stores everywhere - but Racine already has too many of those. New bars and liquor stores also.
One thing is for sure - there will be lots of small business turnover in Downtwon Racine once Spring comes.
Jim Spodick is an idiot.
Jim Spodick's mistake was trusting city government. He grew up in an era when city government was ethical and could be taken at its word. On the other hand, lying John's administration rapes and robs anyone who doesn't belong to their clique.
Party on, lying John!
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