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River Project and higher property values

Started by RecycleMichael, October 05, 2007, 12:12:28 PM

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RecycleMichael

If this vote on October 9th passes, certain properties will be more desired and should become more valuable.

I would think that the area along Main street in Sand Springs and connected properties will get quite a bit of more traffic.

I would think any home within a reasonable walking distance from any of the new public gathering areas would be much more valuable. That would be good news for the the entire area between Brookside and the river and from 21st to the interstate.

I would think that the shopping center at 23rd and Jackson on the west bank will be a much more desirable retail location, especially if the low-income apartments are replaced by either retail or newer housing.

Add to them the single family residences just west of the RiverParks west (Oktoberfest) site. They seem very affordable now and should be much more desired when they abut new investments.

The Jenks dam will also put water in the river which should also raise the value of the Aquarium area and the Kings Landing investments and new developments nearby.

Where else will property increase in value?
Power is nothing till you use it.

YoungTulsan

Why can't we do the equivalent of a TIF on property values?  That is more tax collected as a result of development/amenities/investment in infrastructure.
 

carltonplace

quote:
Originally posted by YoungTulsan

Why can't we do the equivalent of a TIF on property values?  That is more tax collected as a result of development/amenities/investment in infrastructure.



Do you mean raise property taxes in anticipation of an increase in property value to fund development that might make a home or parcel more desirable?

Double A

quote:
Originally posted by recyclemichael

If this vote on October 9th passes, certain properties will be more desired and should become more valuable.

I would think that the area along Main street in Sand Springs and connected properties will get quite a bit of more traffic.

I would think any home within a reasonable walking distance from any of the new public gathering areas would be much more valuable. That would be good news for the the entire area between Brookside and the river and from 21st to the interstate.

I would think that the shopping center at 23rd and Jackson on the west bank will be a much more desirable retail location, especially if the low-income apartments are replaced by either retail or newer housing.

Add to them the single family residences just west of the RiverParks west (Oktoberfest) site. They seem very affordable now and should be much more desired when they abut new investments.

The Jenks dam will also put water in the river which should also raise the value of the Aquarium area and the Kings Landing investments and new developments nearby.

Where else will property increase in value?



Just more of the same institutionalized neglect, geographic inequity, and economic segregation perpetrated by the usual crew. Tax the poor, so they can use the money to increase the value of their assets and neglect the rest of the city. Isn't it ironic that these top tax bracket folks pushing this regressive tax up to almost 10%  just got their state income tax lowered to 5.5% last year in the legislature?
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The clash of ideas is the sound of freedom. Ars Longa, Vita Brevis!

RecycleMichael

Please doubleA...you try to make every discussion into some class war. We get it. The rich have everything and you want to be Robin Hood.

The topic was about which parts of town will see increased value if the river vote passes next Tuesday.
Power is nothing till you use it.

waterboy

quote:
Originally posted by Double A

quote:
Originally posted by recyclemichael

If this vote on October 9th passes, certain properties will be more desired and should become more valuable.

I would think that the area along Main street in Sand Springs and connected properties will get quite a bit of more traffic.

I would think any home within a reasonable walking distance from any of the new public gathering areas would be much more valuable. That would be good news for the the entire area between Brookside and the river and from 21st to the interstate.

I would think that the shopping center at 23rd and Jackson on the west bank will be a much more desirable retail location, especially if the low-income apartments are replaced by either retail or newer housing.

Add to them the single family residences just west of the RiverParks west (Oktoberfest) site. They seem very affordable now and should be much more desired when they abut new investments.

The Jenks dam will also put water in the river which should also raise the value of the Aquarium area and the Kings Landing investments and new developments nearby.

Where else will property increase in value?



Just more of the same institutionalized neglect, geographic inequity, and economic segregation perpetrated by the usual crew. Tax the poor, so they can use the money to increase the value of their assets and neglect the rest of the city. Isn't it ironic that these top tax bracket folks pushing this regressive tax up to almost 10%  just got their state income tax lowered to 5.5% last year in the legislature?



I'm just curious. Are you a trust fund baby? Or are you payrolled by some political entity?

Conan71

What happened, RM, have a three Kool-Aid lunch today?

[}:)]
"It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first" -Ronald Reagan

Double A

quote:
Originally posted by waterboy

quote:
Originally posted by Double A

quote:
Originally posted by recyclemichael

If this vote on October 9th passes, certain properties will be more desired and should become more valuable.

I would think that the area along Main street in Sand Springs and connected properties will get quite a bit of more traffic.

I would think any home within a reasonable walking distance from any of the new public gathering areas would be much more valuable. That would be good news for the the entire area between Brookside and the river and from 21st to the interstate.

I would think that the shopping center at 23rd and Jackson on the west bank will be a much more desirable retail location, especially if the low-income apartments are replaced by either retail or newer housing.

Add to them the single family residences just west of the RiverParks west (Oktoberfest) site. They seem very affordable now and should be much more desired when they abut new investments.

The Jenks dam will also put water in the river which should also raise the value of the Aquarium area and the Kings Landing investments and new developments nearby.

Where else will property increase in value?



Just more of the same institutionalized neglect, geographic inequity, and economic segregation perpetrated by the usual crew. Tax the poor, so they can use the money to increase the value of their assets and neglect the rest of the city. Isn't it ironic that these top tax bracket folks pushing this regressive tax up to almost 10%  just got their state income tax lowered to 5.5% last year in the legislature?



I'm just curious. Are you a trust fund baby? Or are you payrolled by some political entity?



No trust fund. No payrolls. All voluntary of my own free will with the only reward being whatever self satisfaction(if any) I get from my endeavors. Just a smart-donkey loudmouth greaser, with enough disposable income to afford an internet connection and free time to get involved.
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The clash of ideas is the sound of freedom. Ars Longa, Vita Brevis!

TheArtist

quote:
Originally posted by Double A

quote:
Originally posted by recyclemichael

If this vote on October 9th passes, certain properties will be more desired and should become more valuable.

I would think that the area along Main street in Sand Springs and connected properties will get quite a bit of more traffic.

I would think any home within a reasonable walking distance from any of the new public gathering areas would be much more valuable. That would be good news for the the entire area between Brookside and the river and from 21st to the interstate.

I would think that the shopping center at 23rd and Jackson on the west bank will be a much more desirable retail location, especially if the low-income apartments are replaced by either retail or newer housing.

Add to them the single family residences just west of the RiverParks west (Oktoberfest) site. They seem very affordable now and should be much more desired when they abut new investments.

The Jenks dam will also put water in the river which should also raise the value of the Aquarium area and the Kings Landing investments and new developments nearby.

Where else will property increase in value?



Just more of the same institutionalized neglect, geographic inequity, and economic segregation perpetrated by the usual crew. Tax the poor, so they can use the money to increase the value of their assets and neglect the rest of the city. Isn't it ironic that these top tax bracket folks pushing this regressive tax up to almost 10%  just got their state income tax lowered to 5.5% last year in the legislature?



Its a heck of a lot easier for a wealthier person to avoid State Income taxes than the average working person. Its harder for a wealthier person to avoid city sales taxes than income taxes. A wealthier person will pay a whoooole lot more in city sales taxes than a poor person. Personally I would have rather had the state income tax amount that was lowered go to help more people go to college and to expand and improve our colleges and public schools. Better to get more people having more money, by having a higher education and earning it, than continually trying to get them to have more money by fretting about a half penny or less tax change. We had the opportunity with some of that oil revenue to make our state a high wage earing state AND a low tax state. Now that would have been the way to go.
"When you only have two pennies left in the world, buy a loaf of bread with one, and a lily with the other."-Chinese proverb. "Arts a staple. Like bread or wine or a warm coat in winter. Those who think it is a luxury have only a fragment of a mind. Mans spirit grows hungry for art in the same way h

RecycleMichael

quote:
Originally posted by Conan71

What happened, RM, have a three Kool-Aid lunch today?[}:)]


It must have been the root beer from Weber's. I swear the stuff makes me light-headed and giddy as a schoolgirl.

I thought of this thread after a friend from California asked me about it. He has bought  and sold about a dozen properties in the last year, mostly in Bixby, and wants to be a real player in the slumlord business.

Now he wants properties that he can sit on for four or five years and then cash in. He is very excited about the low housing costs in Tulsa and was asking me where he should be looking after next Tuesday.

I thought asking you guys would give him some good starting points.
Power is nothing till you use it.

TheArtist

As long as he maintains them. There is a guy who apparently inherited a home or two on my street and he doesnt keep them up or even bother renting them out. Sold one recently. Really hope he sells the other one....so the lawn will get mowed speaking of raising or decreasing MY property values lol.

A large section of guttering had half fallen off the house and was just hanging there for quite a while. Someone got frustrated with driving by it and tore it all the way off and put it beside the house.... um, so rumor has it. Who does one call to have that kind of stuff taken care of, or to post a complaint, anyway? The grass needs mowing and there are large limbs laying around that have fallen off the tree... there is also a growing pile of limbs beside the house too.

Do us neighbors have to keep mowing and picking things up forever? Is it even legal to do that? Frankly I think we should charge him for the yard mowings etc. Not to mention I am sure there are areas where water collects and breeds mozzies on his property. ugh
"When you only have two pennies left in the world, buy a loaf of bread with one, and a lily with the other."-Chinese proverb. "Arts a staple. Like bread or wine or a warm coat in winter. Those who think it is a luxury have only a fragment of a mind. Mans spirit grows hungry for art in the same way h

Double A

quote:
Originally posted by TheArtist

As long as he maintains them. There is a guy who apparently inherited a home or two on my street and he doesnt keep them up or even bother renting them out. Sold one recently. Really hope he sells the other one....so the lawn will get mowed speaking of raising or decreasing MY property values lol.

A large section of guttering had half fallen off the house and was just hanging there for quite a while. Someone got frustrated with driving by it and tore it all the way off and put it beside the house.... um, so rumor has it. Who does one call to have that kind of stuff taken care of, or to post a complaint, anyway? The grass needs mowing and there are large limbs laying around that have fallen off the tree... there is also a growing pile of limbs beside the house too.

Do us neighbors have to keep mowing and picking things up forever? Is it even legal to do that? Frankly I think we should charge him for the yard mowings etc. Not to mention I am sure there are areas where water collects and breeds mozzies on his property. ugh



Why don't you call the neighborhood liaison for your quadrant in the Working In Neighborhoods Dept. of City Hall?
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</center>
The clash of ideas is the sound of freedom. Ars Longa, Vita Brevis!

TheArtist

quote:
Originally posted by Double A

quote:
Originally posted by TheArtist

As long as he maintains them. There is a guy who apparently inherited a home or two on my street and he doesnt keep them up or even bother renting them out. Sold one recently. Really hope he sells the other one....so the lawn will get mowed speaking of raising or decreasing MY property values lol.

A large section of guttering had half fallen off the house and was just hanging there for quite a while. Someone got frustrated with driving by it and tore it all the way off and put it beside the house.... um, so rumor has it. Who does one call to have that kind of stuff taken care of, or to post a complaint, anyway? The grass needs mowing and there are large limbs laying around that have fallen off the tree... there is also a growing pile of limbs beside the house too.

Do us neighbors have to keep mowing and picking things up forever? Is it even legal to do that? Frankly I think we should charge him for the yard mowings etc. Not to mention I am sure there are areas where water collects and breeds mozzies on his property. ugh



Why don't you call the neighborhood liaison for your quadrant in the Working In Neighborhoods Dept. of City Hall?



Learn something every day. Didnt know there was such a thing.  Thank you very much. [:)]
"When you only have two pennies left in the world, buy a loaf of bread with one, and a lily with the other."-Chinese proverb. "Arts a staple. Like bread or wine or a warm coat in winter. Those who think it is a luxury have only a fragment of a mind. Mans spirit grows hungry for art in the same way h