The hottest Property Substack posts right now

Dreamship open-sourced their Co-Ownership LLC Agreement for others to learn from.
Their LLC model allowed for flexible ownership interests among families.
The process of establishing the LLC and executing the agreement required significant time and effort.

The idea of ownership is really strange. We believe we can own things even when we're not present, which is a unique concept for humans.
Trade and exchange are important for how societies work. They help people specialize in tasks and improve efficiency, leading to greater productivity.
Markets and property rights help coordinate action in society. They distribute resources but don't guarantee fairness, so the rules around them shape who benefits and how much.

Raising taxes on vacant land in Detroit may not lead to a new tax foreclosure crisis.
Vacant residential lots are the most susceptible to tax foreclosure under the Land Value Tax proposal.
Even if all vacant lots' owners stopped paying taxes, the revenue implications would be small compared to the total property tax levy of the city.

Aaron and Jen Brill sold Silverton Mountain Ski Area and other properties to Aspenites Andy Culp and Brock Strasbourger.
The new owners operate an adventure-travel company, sparking excitement and concern in Silverton.
The change in ownership has caused a mix of emotions in the town, reminiscent of reactions to the original project proposal years ago.

Auctions can be considered as a method for assessing land values without the need for state-run assessments, allowing the market to determine the value of land.
The use of auctions for land valuation can ensure transparency and fairness by providing everyone with the opportunity to bid on a piece of land publicly.
While auctions may introduce some complexities like bargaining over home prices, they can still lead to reasonably accurate land valuations and generate significant tax revenue.

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Installing solar panels can be a smart move during power outages or natural disasters. They helped one family during a tornado, allowing them to stay in their home instead of facing a difficult situation.
While solar panels can add value to a home and provide energy security, they also come with risks. It's important to consider whether they are truly worth the investment based on individual needs and local conditions.
Finding scalable and adaptable solutions, rather than just relying on expensive setups, is key. Community support and cheaper options may be more beneficial in the long run.

House hacking involves living in one unit and renting out the rest.
Consider key expenses like mortgage, insurance, and taxes when analyzing a property deal.
Getting creative with property use may be necessary to make a house hack work in expensive cities like San Francisco.

Legal battles in Michigan are fighting to make retroactive claims on tax auction profits, potentially leading to large claims against counties.
Challenges to the tax foreclosure system often overlook the high-interest rates on delinquent taxes as the true source of financial imbalance.
Former Wayne County Treasurer Ray Wojtowicz amassed a large war chest from tax profits, helping the county avoid bankruptcy.