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RE: Quicken Loans' Detroit land grab was made possible by the Obama administration
It becomes a scheme when the government is the one funding the work that the real estate developer should be investing in, himself.
should be? why should they invest in blighted areas at a loss?
it makes sense for the government to bulldoze abandoned buildings and then sell off the lots to developers so they can actually build things on them that will not be abandoned and collect revenue from the properties instead of losing money on them. It's a win/win.