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Poor Neighborhoods Make the Best Investments

strongtowns.org

131–140 of 174 posts

Re: Poor Neighborhoods Make the Best Investments

#131

Earlier quoted context omitted.

> After all, the United States was a crazy experiment to revive 2,000-year-old Greek idea called 'Democracy'. Not really. Representative democracy as the substantive form of government was an established tradition in Britain and it's North American colonies long before the US (a prime motivation for the revolution was perceived increasing deviation from that norm by the central government in respect to the administra…

While obviously informed by modern thinking, the Founders rooted the American experiment firmly in classical Greek and Roman tradition. There's a reason why US government buildings all look like classical temples.

> There's a reason why US government buildings all look like classical temples.

It's not quite that simple. The US Federal style adapted neoclassist architecture from Europe, where Greek and Roman inspired revivals started in the mid 18th century when new archeological expeditions as well as artists bringing back impressions of Italy and Greece produced an influx of images and artefacts that made Greek and Roman architecture better known.

French revolutionary architecture went to a similar extreme as the US Federal style, and I'm sure it wasn't all a one way thing, and you're sort-of right in that certainly people were looking to the Roman Republic and the Greek city states as an ideal, and that was part of the fascination with Greece and Roman culture.

And the architecture in return did get an image tied to radicalism and republicanism as a result of the extent of its use in the US and France after the revolution (the French then went on to take it to the extreme, when under Napoleon the French Empire style tried to do everything bigger, shiner and even more Roman).

But the Greek and Roman revival didn't start in the US, and often copied then-modern European architecture rather than copying the originals.

An example where we know the direct influence is the layout of Washington D.C. - Jefferson provided l'Enfant with maps and sketches of a number of European cities to use as inspiration, with Karlsruhe being one of them.

Karlsruhe had been built from scratch starting in the 18th century, following a strict planned layout with a palace at the centre, radiating artery roads out from the palace gardens, aligned with the wings of the palace, and was a major force in spreading the influence of strict geometric city plans that used the shape and regularity to draw attention to important buildings or monuments as well as to tie the city together. Washington D.C. (and many later US cities) certainly in turn influenced further city plans in Europe.

Re: Poor Neighborhoods Make the Best Investments

#132
post #103

Earlier quoted context omitted.

These conditions are crazy. Requiring in investment of ten thousands of dollars in a home in a high risk neighbourhood within six months after purchase is borderline preying on the gullible. A street in Detroit can go in a downward spiral within months. All it takes is one bad apple (home) that gets boarded up or goes down in flames near your investment and your purchase becomes a super high risk gamble, most probabl…

Or maybe.. these investors know exactly what they are getting themselves into?

Like all the house flippers you saw on TV previous to the last housing crash? Buying investment property with no experience because real estate "can't lose"?

The average investor rarely" knows what they are doing".

Re: Poor Neighborhoods Make the Best Investments

#134

Earlier quoted context omitted.

Agree. However, I wasn't talking about 40k homes here, but about $1,000 homes in risky neighborhoods, with the obligation to renovate to code, potentially costing ten thousands of dollars in the process. There's a reason why the value op the property, including home and land, cratered to $500 or a few thousand dollars. It's the state of the neighborhood that dictates the value and it can change rapidly, faster than i…

You're explaining exactly why the properties may be a good value. Most people reflexively assume they're a dangerous investment and never take a close look. When I suggest real estate investing of any kind, I usually hear a wall of objections about risks, and a lack of interest in how to counter those risks. It's part of the reason I like it. (Not that I'd invest in Detroit, I don't have a rationale for it. Some peop…

There's a big difference between a poor neighborhood and a bad neighborhood (bad for whatever reason: crime, drugs, blight, population decline).

Here's a good example how a lot of the $1,000 homes, and the surrounding neighborhoods, really look like: https://youtu.be/IuJFLJ0JApA . In the description there's a link to a follow-up video 3 years later. It's not a pretty picture. But then again, who buys properties on auctions without inspecting them first?

Re: Poor Neighborhoods Make the Best Investments

#136

Earlier quoted context omitted.

It doesn't even need to be an all-or-nothing thing. You could have a state law saying something like "All employees are allowed to attend one public policy meeting during working hours each month." Its not a huge expense for business owners, as I assume these meetings don't run more than an hour or two, and while it doesn't allow people to attend every single planning meeting, they can get to the ones which are most…

Such a state law would be unconstitutional, for violating rights to assembly/speech and for forced service. The government can't take your time (freedom) or force people to attend meetings without due process.

And jury duty is ... ?

Re: Poor Neighborhoods Make the Best Investments

#137
post #131

Earlier quoted context omitted.

While obviously informed by modern thinking, the Founders rooted the American experiment firmly in classical Greek and Roman tradition. There's a reason why US government buildings all look like classical temples.

> There's a reason why US government buildings all look like classical temples. It's not quite that simple. The US Federal style adapted neoclassist architecture from Europe, where Greek and Roman inspired revivals started in the mid 18th century when new archeological expeditions as well as artists bringing back impressions of Italy and Greece produced an influx of images and artefacts that made Greek and Roman arch…

Yeah, but they also kept writing about how they were creating the new Rome.

Re: Poor Neighborhoods Make the Best Investments

#138

Earlier quoted context omitted.

You're explaining exactly why the properties may be a good value. Most people reflexively assume they're a dangerous investment and never take a close look. When I suggest real estate investing of any kind, I usually hear a wall of objections about risks, and a lack of interest in how to counter those risks. It's part of the reason I like it. (Not that I'd invest in Detroit, I don't have a rationale for it. Some peop…

There's a big difference between a poor neighborhood and a bad neighborhood (bad for whatever reason: crime, drugs, blight, population decline). Here's a good example how a lot of the $1,000 homes, and the surrounding neighborhoods, really look like: https://youtu.be/IuJFLJ0JApA . In the description there's a link to a follow-up video 3 years later. It's not a pretty picture. But then again, who buys properties on au…

I tried to skip through the videos to get to the point because they're long and the guy rambles a lot, but somehow I missed it.

It seemed there were some distressed properties and that some work was done on them... which tells me nothing. Were the houses rehabilitated, is work still in progress or were they ultimately re-abandoned? Can any conclusions whatsoever be drawn from this?

Re: Poor Neighborhoods Make the Best Investments

#139
post #90

Earlier quoted context omitted.

Technically it's on a Tuesday because back in 1845 people needed a travel day to get to the ballot box and another day to travel back, and you can't travel on the Christian Sabbath, so that only leaves Tuesday - Friday as options. https://www.bustle.com/articles/192414-why-do-we-vote-on-tue... Why is it still on a Tuesday? I think your reason is spot on.

Perhaps, but isn't it just as reasonable that they didn't want to change it? Presumably changing the date would actually censor the vote, with it being nearly impossible to get word of the date change to the entire electorate.

It's one of those things that since it's always been this way, it'll take a really good reason to convince people to change it.

I have never known an employer who wouldn't make accommodations for an employee to go vote.

I'm sure there's probably a border case somewhere that has happened for the most part, this is the case.

Re: Poor Neighborhoods Make the Best Investments

#140

Earlier quoted context omitted.

> Insofar as the US (under the Constitution, at least) was an experiment in government, it wasn't in revive a dormant concept of "democracy", but in vigorously and fairly explicitly adopting the novel tripartite separation of powers model of Montesquieu. But that model is basically based on the English government with Parliament and a king in place of Congress and a president, isn't it? There was definitely a lot of…

Not that strange if you've read Plato. I read in Hannah Arendt that 'democracy' may have been a pejorative used by antidemocrats like him; actual early democrats talked about isonomy and isegoria: more or less what we call equality under the law and free speech. https://en.wikipedia.org/wiki/Isonomia I'm not a classical scholar, but I get the impression that later times preferentially transmitted the less democratic…

Well, it's perhaps "strange" in the sense that it goes against later thinking and our popular self-image.
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