Sunday, April 26, 2009

Stll Too Many Vacant Houses

I was driving down the 700- 800 block of Latrobe the other day. There are so many vacant houses. Each house represents at least $2000 a year in property taxes. Ten houses is $20,000. Fifty houses = $100,000. Five hundred houses = ONE MILLION.

How can a two block area have fifteen vacant homes and daley want an Olympic? Will those houses get rehabbed and subsequently have people living in them? Will those areas recover or is the beginning of houses soon to turn into vacant land in Austin?

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