Chinks BTFO Wealthy San Fransisco Neighborhood

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>Wealthy San Francisco residents lose private street over tax bill
>Presidio Terrace is now owned by two investors, Tina Lam and Michael Cheng, who snapped up the private road for about $90,000.
>The street - parking, pathways and all - was sold by the city over a $14-a-year tax which went unpaid for decades.
>The result is that residents no longer own the road, pavements, trees, or any of the common land - and might have to pay its new owners for parking.
>The terrace, an oval-shaped private compound, is seen as one of the expensive city's most prestigious addresses.
>Tthe new owners said they are considering building a home for themselves on the street, if land use rules allow it.

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