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San Francisco Street

La Crosse, WI, United States / Magic 105
San Francisco Street

A real estate investor and his wife have bought a City of San Francisco street.  It’s a circular drive lined with multimillion dollar mansions and separated from the rest of the area by a gate.  The street was up for auction because of unpaid taxes.  The homeowner’s association has filed suit to reverse the sale.  There’s a lesson here…pay your taxes because now the investors can do what they want with the street including renting the parking spots.  Residents would not be able to park in front of their homes without paying.  But on the other side of the issue, the investors need to recoup their money or make a profit.  Source: Yahoo News

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