Well Matt, perhaps you did, but I'm not that old, but I'd bet between Dion and I there must be 50 0r 75 years worth........and Roy expects the Reader's Digest version.

For what they wanted, the place was a cash cow and their set-up looked like it was prepared by the Keystone Cops.We sent our evaluation to our broker and he agreed with our assessment.

But that's mostly due to the foreclosure process slow down in 2012, until the national settlement was done, then digested by the banks.Are new filings slowing, yes.

Never hurts to get a box full of Architectural Digest and other such magazines.

they take the value of the land, which they determine from land sales, add what it costs to build the building, and deduct the "depreciation" (ie adjust for age and market conditions) An example of non- age depreciation would be having a silo on a farm where all the local farmers have changed their system to bunk storage) Ie the Silo may have cost $20K to build, and it may be brand new, but the cost to operate it is much higher than using a skidsteer to drive through the barn with scooped up cow food.I digress,So that's the tax assessment process, but all the tax assessors is worried about is the value of your property RELATIVE to other properties that they are taxing.

There wasn't a resource like this back then, there is gold in here if you'll take the time to digest it.Hard to say what the best course of action is without knowing you or your market.

There are some great people on here from Oakland County and I am sure they are going to chime in with welcomes as soon as they digest their turkey dinners.Don't be afraid to ask questions.

Reader's Digest version;In timeBy management through or by;changing use to higher and betterchanging external factors that lower valueincrease utilitymake improvementschanging perceptions of/for useincrease competitive advantage through regulatory changes for competitorsaccelerate debt servicereduce expenses-increase incomeThe end :)

I've had many that weren't cash cows but made money turning them a few years later, so there can be other influences involved.

I need to read through and digest all of this.