Free economies have an architecture that grows organically with the businesses that form. If you travel the world the beautiful districts are the ones that grew organically. Soviet cities are dreadful, Hanseatic league cities beautiful. When we had free trade in garments, a whole district in LA grew with two story buildings, a showroom out front, production out back, offices on top, very cool appointments all around. Style and class.
Capitalism did its work and killed off those small businesses. Return is difficult as the price of real estate is kept artificially high, and construction costs unconscionable. Entrepreneurs are adjusting by not using land, or minimizing it. Everyone is familiar with food trucks, the result of emerging restaurateurs being denied space on the open market. After one fellow in Seattle launched a restaurant in literally a hole in the wall, business is testing out creating holes in walls for restaurants:
These are about eight feet deep and about thirty feet wide. After the Feds tried to kill off the small rancher by constricting the permits for slaughterhouses, butchers created slaughterhouses on wheels to bring the service to the small rancher.
Perhaps this is where the renaissance in small business can come out, while we await the implosion of capitalism now that it is in its fascist phase. Doctors making house calls in a van. Haircuts, tailoring, etc.
In time prices on real estate will fall, as part of an economic recovery. The false economy big businesses will fail and vacate, and real estate prices will drop. Detroit is just the leading edge of a movement all cities will face. Right now Detroit is in land-banking lockdown, but if that can be broken, then a renaissance would occur in that well-positioned city.
Right now rules against land-banking, or pro-adverse possession should be recognized, so when this system fails, recovery may happen all the faster.
Feel free to forward this by email to three of your friends.
Capitalism did its work and killed off those small businesses. Return is difficult as the price of real estate is kept artificially high, and construction costs unconscionable. Entrepreneurs are adjusting by not using land, or minimizing it. Everyone is familiar with food trucks, the result of emerging restaurateurs being denied space on the open market. After one fellow in Seattle launched a restaurant in literally a hole in the wall, business is testing out creating holes in walls for restaurants:
These are about eight feet deep and about thirty feet wide. After the Feds tried to kill off the small rancher by constricting the permits for slaughterhouses, butchers created slaughterhouses on wheels to bring the service to the small rancher.
Perhaps this is where the renaissance in small business can come out, while we await the implosion of capitalism now that it is in its fascist phase. Doctors making house calls in a van. Haircuts, tailoring, etc.
In time prices on real estate will fall, as part of an economic recovery. The false economy big businesses will fail and vacate, and real estate prices will drop. Detroit is just the leading edge of a movement all cities will face. Right now Detroit is in land-banking lockdown, but if that can be broken, then a renaissance would occur in that well-positioned city.
Right now rules against land-banking, or pro-adverse possession should be recognized, so when this system fails, recovery may happen all the faster.
Feel free to forward this by email to three of your friends.
4 comments:
Are you saying buy some of that super cheap land in Detroit?
Not cheap enough yet...
http://www.businessinsider.com/cheap-detroit-homes-2011-6
"Today there are at least 15 homes that you an buy for only $100."
Cheaper than $100? LOL.
If you think that is a deal, have you bought one? Why are these not being snapped up? Might there be more to a purchase than price? Like the debt obligations of the city? When Detroit repudiates its unfunded pension liabilities, its bond obligations, then after the riots, when blood is flowing in the streets, then the price will be right.
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