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larsiusprime

6,068 karmajoined 14 yıl önce
I'm a real estate mass appraisal researcher, author, and former game developer.

This is my company: www.landeconomics.org

This is my book: www.landisabigdeal.com

This is my personal website: www.fortressofdoors.com

This is a game I worked on: www.defendersquest.com

Submissions

Modernizing Property Tax Assessments in Allegheny County with Open Source Tech

bsky.app
2 points·by larsiusprime·evvelsi gün·1 comments

Property taxes going up? The 340B Program might be partly responsible

pricepoints.health
44 points·by larsiusprime·5 ay önce·87 comments

Can a Transformer "Learn" Economic Relationships? Revisiting the Lucas Critique

aleximas.substack.com
1 points·by larsiusprime·7 ay önce·0 comments

Cook County Assessor's Office Open Source AVM (Automated Valuation Model)

github.com
3 points·by larsiusprime·10 ay önce·0 comments

Researchers Beware of ChatGPT's "Wikipedia Brain"

fortressofdoors.com
2 points·by larsiusprime·10 ay önce·0 comments

comments

larsiusprime
·geçen ay·discuss
Did you really make this whole project in two weeks???
larsiusprime
·geçen ay·discuss
Have you done the math? Under a revenue-neutral shift that taxes buildings less and land more, the median homeowner comes out ahead:

https://landeconomics.org/reports/spokane-report

I think what you're missing is that land in the wealthiest parts of town is worth exponentially more than land out in the suburbs
larsiusprime
·3 ay önce·discuss
Texas zoning is only “permissive” relative to other states. Relative to Japan it’s quite restrictive.
larsiusprime
·4 ay önce·discuss
Brilliant!
larsiusprime
·4 ay önce·discuss
Is the idea that the commits themselves are also time stamped with the date of the legislation/amendment too?
larsiusprime
·4 ay önce·discuss
1. Stop restricting what can be built, especially in the super valuable city centers

2. Shift taxes off of building (which punishes development) and onto the passive holding of land (which discourages idle land speculation)

In other words, change man's laws, not nature's.
larsiusprime
·4 ay önce·discuss
We're directly inspired by Urban3 and our hope in releasing these tools is to enable more people to be able to do this work directly themselves and share it with their elected officials!
larsiusprime
·4 ay önce·discuss
If you're talking about the Manhattan effect specifically, I'm sure that zoning has a large effect on the extremeness of it. If you're talking about "land gets exponentially more valuable in the city center", then you see that pattern everywhere and indeed we saw it in the historical pre-zoning period as well. Agglomeration effects are sticky regardless of what time period you're in, what changes is the coefficients on the exponential equation.
larsiusprime
·4 ay önce·discuss
Author here: most people know that the city is "more" valuable, but drastically underestimate how valuable. I've asked people how much more valuable they think Manhattan is than the Bronx and they will say things like "5x" or "10x", which is off by an order of magnitude.

They also underestimate what this means. In many cities you can have 50%+ of land value concentrated in a rather small portion of area, and this has huge implications for what would happen is you, say, changed property tax policy to shift the tax burden towards land and away from buildings. Most people assume it would kill the suburbs, but in many of our models single family homes come out slightly ahead, or stay neutral.
larsiusprime
·4 ay önce·discuss
It's not just zoning, though that exacerbates it. City centers are where economic activity tends to be concentrated so even without zoning you would see these exponential land value effects as you approach the centers of economic activity (and indeed, we did see these same relative patterns prior to the passing of modern zoning laws).
larsiusprime
·4 ay önce·discuss
Good points! Thanks.
larsiusprime
·4 ay önce·discuss
Both. They do understand that it’s worth “more” in the city but they vastly underestimate the magnitude, and they vastly underestimate what that means in terms of where the total bulk of land value is concentrated, and therefore what the distribution of winners and losers will be in any tax shift scenario.
larsiusprime
·4 ay önce·discuss
Author here: it’s a cheap rate limiter and something we are looking to remove soon.
larsiusprime
·4 ay önce·discuss
Author here. This is the problem we are seeking to solve, we are property tax reform activists:

https://open.substack.com/pub/progressandpoverty/p/enacting-...
larsiusprime
·4 ay önce·discuss
Author here. Our blog generally concerns property tax reform for our regular readership which is admittedly less clear to a new reader coming in cold: the intuitions I’m referring to is the average homeowner kind of assumes any tax reform (such as shifting taxes off buildings and onto land) is designed to impoverish them personally. The purpose of these maps is to show such people where land value in cities is really concentrated - Ie, not the m the suburbs. Mono centric city value might be intuitive to academics, but it’s not among regular everyday people.
larsiusprime
·4 ay önce·discuss
The main purpose of the 3D is to communicate the extreme differences in scale of value, which chloropleth alone doesn’t always get across as it flattens the magnitude disparity. Keeping true north to avoid confusion is a good point.
larsiusprime
·4 ay önce·discuss
Diamond prices are famously crashing now due to artificial lab made diamonds (increased supply)
larsiusprime
·4 ay önce·discuss
IceFrog was on the Dota2 team, and valve owns the trademark
larsiusprime
·4 ay önce·discuss
This is a good resource on the question -- Land Value Tax is not passed on to tenants, the landlord eats it. This is pretty unique among taxes, which is why LVT is a particularly good way to fund UBI, otherwise you would expect the UBI to result in inflated rents.

https://progressandpovertyinstitute.org/wp-content/uploads/P...
larsiusprime
·4 ay önce·discuss
Also RE: procgen, one of the hit games right now, Mewgenics, is doing super well and uses it extensively. Obviously it's old school procgen that makes use of tons of authored content, but it's still procgen.