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Rule for #Detroit: Believe none of what you read, half of what you hear, all of what you see.
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Alex Alsup
5.2K posts
Alex Alsup
@ZugIslander
Parcels & property taxes. Research & Development @RegridApp. I also write about Detroit on Substack: https://t.co/ZU15ptQFDV.
Detroit Katılım Şubat 2009
1.4K Takip Edilen1.8K Takipçiler
@ericnoterik Thanks! Definitely the right question. I don't see any reason why the answer couldn't have been the land bank. They've done a lot of that over the years, they were just far too narrow in what they aimed to preserve, and demolition mandate was much too broad.
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@ZugIslander Genuine question as a big appreciator of your research: who should have been on the hook for maintaining vacant/ blighted homes for years until there was market demand to buy them? The city faced awful timing in the gap between abandonment and the recent rise in demand.
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At $330 sq Ft and $500k price point, you are very close to being able to buy into Birmingham, MI. Not a city I want to live in, but somehow suspect there’s more of a market for that, than “someday there might be more stuff around here, why not pay $500k now?”
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@charles_preset Also advertised as an "expansive double lot" -- nope. It's an 1/8th acre lot, which is only a double lot by that neighborhood's standards. Only 10% of residential lots in the city are 1/14th acre or less. About 25% are 1/8th acre lots.
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@charles_preset Yeah it's 'to be built.' There's a lot of vision boarding here... The difference between the description of the area on Zillow and the area as it actually exists is... large.
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@wouldbirds Totally right. It's entirely self-inflicted. Duggan's myopic focus on demolition was very counterproductive.
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@wouldbirds Certainly not new build. And the rehab inventory is gone.
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@ZugIslander it's wild, man. we aren't gonna SFH our way out of this either
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@wouldbirds That's because we're in our surrealist real estate development era. Ceci n'est pas une maison.
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…because everything else is a car, and it’s way easier, I’m sure, to stick all that tech in an existing platform than come up with an entirely new one.
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Rode in my first Waymo today. Sense I had was that the car feels very antiquated as a thing for driverless tech to manifest in. Like, it’s only in a car because everything else is a car, I guess, but doesn’t really feel like it *should* be a car.
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@TheStalwart This grudging result going around came across to me as ‘eh, we didn’t really design the test well enough to determine anything…’
x.com/pahoyeck/statu…
Philippe-Antoine Hoyeck@PAHoyeck
Is it just me or is this explanation of my result somewhat grudging and oddly biased?
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I took the AI vs. Human writing quiz at the NYT. I don't think it's a great gauge of the question.. For one thing, people are probably trying to guess which is human, rather than answer honestly. But also I don't think single paragraphs are a good measure of the question.
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Ten years of tax foreclosure legal challenges have all focused on the auction, not the interest rate on delinquent taxes where counties actually make their profits. The reason why is clear in the absurd scenario Pung could enable.
detroit.substack.com/p/part-3-the-e…
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Michigan’s tax foreclosure system is in front of the US Supreme Court today. I think the outcome will be the end of the system as we know it. But! Michigan counties *could* prevent its demise WITH THIS ONE WEIRD TRICK: Raise the interest rate on delinquent taxes to 8,571%. I’m not (totally) kidding.
Link below to Part 3 of my series in The Chargeback on Pung v. Isabella County, which explains why and what it reveals about the last decade-plus of tax foreclosure legal challenges.
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We’ve built a world that’s very fragile to AI. The technology can fall far short of the loftiest claims about its abilities and it will still be incredibly disruptive to this world.
We could build a *different* world which is not as legible to AI, but I don’t see a version of *this one* that isn’t swamped by AI.
Derek Thompson@DKThomp
@VitruviusGrind Pretty much! Many people are paid to make PowerPoints If a technology can do that faster and better, that’s economically important. Whether or not translating excel documents into power points is “actually thinking” is sort of a secondary question to me.
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@_rotimia Not how the mechanics of property taxes actually work in Michigan. It's fine. Just think the stronger point is simply that there is *already* a 100% exemption for low income seniors, so this is explicitly a handout to people with too much money to qualify for that exemption.
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@ZugIslander When revenue is fixed, shifting relief to one group means higher burdens on others, and in practice that falls on younger homeowners and renters who don’t get the exemption. So that would be millennial families.
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No, not a tax increase on millennial families… just an explicit handout to seniors with too much money to qualify for the 100% property tax exemption that already exists, in part, to protect low income seniors.
Rotimi Adeoye@_rotimia
This is effectively a tax increase on millennial families who are just starting out. Boomer communism plays well nationally because courting the 65+ vote is good presidential politics, but it shifts the burden onto younger households already stretched thin.
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