Kansas City Discount Home Sale FLOP

Less than 100 people were interested in repopulating the urban core and the number of houses that enjoyed active bidding was even more limited:

$999 houses: Kansas City Land Bank sifting through dozens of applications

The Kansas City Land Bank had 72 applications for its $999 house sale, and is now evaluating those before final sales take place. The Land Bank had advertised 50 urban core houses for sale at the $999 price, although it also made clear that these urban core houses need tens of thousands of dollars worth of repairs.

Comments

  1. Sounds like the Land Bank sale was a success.

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  2. Rehabbers are not homeowners. Another delusional piece about Kansas Shitty. If they remotely think they got a good deal on a house, just look at he water bill. Anybody with good economic and business sense knows that a suburb is the best bet politically, economically and socially.

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  3. I went and looked at a project house this past week. Good lord, there is more work than anybody but the most motivated and skilled rehab guy could do. I would imagine 99.9% of these houses are the exact same. They're all built around the same time; 1920's - 1950's. After the big spending construction that predated these houses (the late 1800's Victorian era), the population started to boom and so did cheap, low skilled builders and material. There is very little to bring most of these back from the brink. But, then if you do, it's still located in one of the most dangerous areas of the Country per capita. Rather than land bank fire sales, the City should probably should just look into razing them after a period of vacant years.

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