Property Praxis

The Geography of Land Speculation in Detroit

[Aaron Mondry | @amondry.bsky.social @AaronMondry]

Logging into this site real quick to quickly share my latest article a company that tokenizes properties in Detroit by the hundreds, and sells the pieces to foreign investors, often in cryptocurrency. Tenants are the guinea pigs. https://t.co/lLRSfybaV1

[Property Praxis @PropertyPraxis]

Mapping Property Speculation in Detroit 2015 - 2024 https://t.co/8yCuYCEPHU via @DETROITography

[Nick Swartsell @nswartsell]

This is pretty wild. Cincinnati filed court documents a couple weeks ago alleging that real estate investment company Vision & Beyond has effectively abandoned hundreds of units of housing in the city. And that's just the tip of the iceberg on this one. https://t.co/XqWfKBNLBw

[DETROITography @detroitography]

Map: Detroit Last Houses on the Block https://t.co/KrftiY67AO

[Outlier Media is on Bluesky @media_outlier]

Tax foreclosed on your Detroit property? Wayne County will let you bid on it and get the profits.

But who benefits from the tax auction?
https://t.co/Quy5tMuZvk

[Property Praxis @PropertyPraxis]

Our big ten year data update is live!

[DETROITography @detroitography]

Our latest newsletter is out! Check out exciting updates on @PropertyPraxis and @DetroitData https://t.co/RUVaF7hxpj

[DetroitData @DetroitData]

Join us for our next monthly data forum! Property and parcels on 12/13 with Chase Cantrell, Joshua Akers, and Aaron Mondry https://t.co/nNei6fAxFC

[DetroitData @DetroitData]

Ten years of property speculation data? Shared here by @PropertyPraxis https://t.co/11D0uDLV2Y

[Malachi Barrett @PolarBarrett]

When you stand back, it's incredible that a small group of people wield such vast power to reshape Detroit's skyline as they see fit.

[Outlier Media is on Bluesky @media_outlier]

The relaunch of Property Praxis is an essential resource to understand how the profit-seeking practice has changed since real estate prices skyrocketed in recent years.

https://t.co/vs9Mqcoexs

[Detroit Metro Times @metrotimes]

Via @media_outlier: Speculators, working at large scales, have reshaped Detroit’s neighborhoods through neglect. https://t.co/8unmkFpsw7

[Property Praxis @PropertyPraxis]

Development Creep: 40-years devaluing Detroit’s lower Cass Corridor https://t.co/MbgiEf3Euw via @DETROITography

[Outlier Media is on Bluesky @media_outlier]

It’s incredibly easy for property owners to shield their identities. All you need is to set up a limited liability company, or LLC. It’s perfectly legal and extremely common.

https://t.co/sN6kPNC3Ln

[Property Praxis @PropertyPraxis]

Speculation and the City “It’s not a bug, it’s a feature.” https://t.co/G3JtW2AuqR via @DETROITography

[Aaron Mondry | @amondry.bsky.social @AaronMondry]

If you're wondering, "What exactly is a speculator?" Here's how we define them. https://t.co/Ey49SCyuif

[DETROITography @detroitography]

Detroit Land Value Tax Map 2023 https://t.co/u18vKIRhPt

[Urban Praxis Workshop @urbanpraxiswork]

A new article by Eric Seymour and Josh Akers in Cities on the national geography of exploitative land contracts, the role of Fannie Mae, and the targeting of black communities by private equity backed speculators after the crisis. Open link: https://t.co/PvBE22OXfI

[Urban Praxis Workshop @urbanpraxiswork]

Another step in stabilizing neighborhoods. Michael Kelly sued over 'predatory' contracts https://t.co/fFTO22XihS More on Kelly's eviction practices at https://t.co/411bqvF2KY. His properties are also in our #dismantlingdetroit project @urbanpraxiswork on Instagram.

[Urban Praxis Workshop @urbanpraxiswork]

Tireless work by Alexa Eisenberg on increasing access to the poverty tax exemption https://t.co/LXUW4EghVg. Time for @cityofdetroit to focus on actually existing fraud, speculators and landlords using Personal Resident Exemptions to skirt tax not squeeze the poor. #HousingCrisis