Property Tax Nightmare - Teachable Moment

[Jana Cain]

I did a search and didn't see this being discussed (apologies if it's already come up!), but wanted to hear BP thoughts on this San Francisco nightmare: http://www.sfchronicle.com/bayarea/matier-ross/art...

I just heard about this on the radio this morning. I had no idea that a street could be privately owned when it connected multiple parcels with different owners (as it appears this does). Very educational read to me as a newbie. Super curious to see what ends up happening in this story.

For those that invest in tax liens, do you see streets come up often (or ever)? Is it hard to extract value from owning a street? The article mentions the possibility of charging for parking, but I imagine the return would be quite low...? So.many.questions.

Curious to hear how the pros here would look at this type of opportunity.

Tags: San Francisco, Bay Area, tax lien, property tax