One Individual Buys All A County's Tax Foreclosed Properties...

[eyer]

Yeah...

...he did do that.

Just goes to prove: government doesn't care about housing those who can't pay their taxes...

...government only cares about getting that tax money.

MACOMB COUNTY, Mich. – A Michigan millionaire decided to go into the real estate business with a bang last week by buying every tax foreclosed property offered at a recent county auction.

MyFoxDetroit.com reports Bill McMachen, a businessman and former yacht dealer, paid about $4.8 million for all 650 tax foreclosed properties at Macomb County's July 31 sale.

Authorities had announced at the auction that the properties could be sold as a package deal for the price of the back taxes, which totaled about $4.8 million. McMachen jumped at the chance.

"I got a deal nobody else could have got," he told MyFoxDetroit.com. "I paid all the back taxes that was due and that's what the county wanted."

...He says he plans to donate the properties he can't sell to needy organizations.

- full story @

http://www.foxnews.com/us/2012/08/0...chigan-county-for-48-million/?intcmp=trending

 

[Sean Renaud]

Good on him, may the press smile on him.

This proves what about government?