March 12th, 2009 . by Jon Modene
Why?
The casino is coming . . . details here.
Why is that bad news?
Inevitably, after a 2 year latency period, the incidence of crime against people and crime against property increases.
Every time.
Everywhere a casino is built.
You can count on it.
Build one in Wood County? Along the Maumee. Or in the “Golden Triangle”. And there will be negative, deleterious effects on the values of Perrysburg homes.
You can “BET” on it.
The scholarly paper on this is interesting reading. And sobering reading.
Here is the paper by Earl Grinols and David Mustard.
The casino lobby will never stop. They will try and try and try – stopping only when they have fooled enough people.
Things will be great. For a couple of years.
Then the neighborhoods closest to the “Crossroads Casino” will start to be negatively effected.
That negative trend will then metastisize and spread. From Starbright to Belmont to Three Meadows and beyond.
Theory? Supposition? Hardly. Read the literature. (page 14 shows how MILLIONS in lost property values is the result of the “jobs creating casino”.
Bring on a casino I say.
But build it RIGHT NEXT to the Toledo Correctional Institution on East Central.
Crimes against people.
Crimes against property.
Visitor crimes.
Criminal gambling.
Costs of addiction to gambling.
Increased rapes.
Increased police costs.
We neither need nor want these things in Wood County.
The day they get their way is the day we start to pay.
Posted in Jon Modene in Perrysburg Ohio Real Estate, Live Blogging, Market Snapshot, Perrysburg, Perrysburg Ohio, Perrysburg Real Estate, Toledo, Uncategorized, Wood County Real Estate • 1 Comment »
Tagged With: belmont • casino • gambling • Perrysburg • Perrysburg Quality of Life • Wood County Real Estate
September 22nd, 2008 . by Jon Modene
Here is a new listing I have just taken in Perrysburg.
But who is the owner???
Great house.
Great property.
Great location.
Actually a really great price – $279,900 in Belmont Farms. With a den and a great yard, and a finished basement, and a sideload garage. In PERFECT condition.
The picture? What does it say? What does it mean?
You have to admit that it LOOKS good. Look at the yard. Look at the landscaping!
YOU now own this house.
Congratulations!!!!!
It is an “REO” – “real estate owned”. Foreclosed. Bank owned. Someone could not or did not pay the mortgage. And it was sold at auction at the Sheriff’s Sale. The bank took it back. Now it is for sale.
And in the Great Mortgage Crisis of last week our feckless leaders decided that the 95% of us that actually pay our mortgages on time should pony up $1,000,000,000,000 in new taxpayer money to cover the banks that loaned money to the 5% that did not pay their house payments.
This house and many, many more are now part of the problem. And our money is the solution. You feel free to call me if you want to tour your new property.
When nice, clean, great houses like this are being lost to foreclosure, and then sold at a massive discount . .
(FYI: Here it is on Realtor.com)
…and we, the 95% have to pick up the tab, then something is seriously wrong with this nation.
Posted in Perrysburg, Perrysburg Foreclosure, Perrysburg Ohio, Perrysburg Ohio Realtor, Perrysburg Real Estate, Uncategorized, Wood County Real Estate • No Comments Posted Yet »
Tagged With: belmont • mortgage crisis • new on market • reo
