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As a suggestion for a process... Pick a duration upon which to re-evaluate the value of property. Distribute this roughly evenly over all the property everywh

As a suggestion for a process... Pick a duration upon which to re-evaluate the value of property. Distribute this roughly evenly over all the property everywhere so that it isn't all at once. When a property's up for evaluation, offer it for 'sale' via a distributed dutch auction as part of a block with similar properties in the same jurisdiction (roughly, zipcodes, or maybe divided up should work). The block is bid on as a whole, with up to 25% (rounded up) of any of it excluded from the bids (high or low) and with any 'inspection noted defects' (post sale) deducted from the transfer price of the property. Price for a given unit would be proportional to the previously evaluated (by market sale or bid) price of the property among the whole group. Any units not receiving sufficient bidding coverage to provide a fair price should be re-tried with the aim towards the median value of the next group of properties in that area. The resulting offer is then forwarded to the residents as proof of their new property value and the basis for all taxes upon it. The resident has an option to accept that value anytime within 8 months, for a specified date of no more than 6 months from when they've accepted the offer.

tehjoker 6y ago
Why are we randomly forcing residents to leave? Why don't we just take the available housing stock and divide it between old and new residents in a rational manner? Should an individual or family be kicked to the curb just because someone has a preference for living somewhere? What if they could prove a necessity? There's a lot to be said for knowing that once you pick a place to live you can depend on it being there as long as you need it and can develop a community, take risks in other areas of life, etc.
- mjevans 6y ago
  They don't have to accept the deals, they'd have the __option__ and I'm trying to make it easier for them to take the highest bidding option so that someone knows they have the best deal. The highest bid from among bids in their area. This is to ensure a __fair evaluation__ of a property's value on a real market, rather than some random assessor's opinion.
- jakecopp 6y ago
  > Why don't we just take the available housing stock and divide it between old and new residents in a rational manner? How on earth to "divide" it fairly though? This is exactly what the free market (attempts) to do, and might do better without rent control or overbearing zoning restrictions - allocate resources optimally according to demand. Want to live in a super fancy place in the middle of the city? Pay lots because it's a luxury. Can't afford that or don't want to? Live further out where there is plentiful cheap housing stock (I said no overbearing zoning restrictions remember!) and commute via a well resourced, publicly funded transport system (unfortunately the US doesn't do this well).

tehjoker 6y ago

Why are we randomly forcing residents to leave? Why don't we just take the available housing stock and divide it between old and new residents in a rational manner? Should an individual or family be kicked to the curb just because someone has a preference for living somewhere? What if they could prove a necessity? There's a lot to be said for knowing that once you pick a place to live you can depend on it being there as long as you need it and can develop a community, take risks in other areas of life, etc.

mjevans 6y ago
They don't have to accept the deals, they'd have the __option__ and I'm trying to make it easier for them to take the highest bidding option so that someone knows they have the best deal. The highest bid from among bids in their area. This is to ensure a __fair evaluation__ of a property's value on a real market, rather than some random assessor's opinion.
jakecopp 6y ago
> Why don't we just take the available housing stock and divide it between old and new residents in a rational manner? How on earth to "divide" it fairly though? This is exactly what the free market (attempts) to do, and might do better without rent control or overbearing zoning restrictions - allocate resources optimally according to demand. Want to live in a super fancy place in the middle of the city? Pay lots because it's a luxury. Can't afford that or don't want to? Live further out where there is plentiful cheap housing stock (I said no overbearing zoning restrictions remember!) and commute via a well resourced, publicly funded transport system (unfortunately the US doesn't do this well).