1,635 karma · joined October 19, 2010
Here's a good example how a lot of the $1,000 homes, and the surrounding neighborhoods, really look like: https://youtu.be/IuJFLJ0JApA . In the description there's a link to a follow-up video 3 years later. It's not a pretty picture. But then again, who buys properties on auctions without inspecting them first?
There's a reason why the value op the property, including home and land, cratered to $500 or a few thousand dollars. It's the state of the neighborhood that dictates the value and it can change rapidly, faster than in regular neighborhoods.
It's not an investment I would recommended for inexperienced investors or people with limited savings who put all eggs in one basket. And sadly, the low prices attract quite a few of them.
A street in Detroit can go in a downward spiral within months. All it takes is one bad apple (home) that gets boarded up or goes down in flames near your investment and your purchase becomes a super high risk gamble, most probably with a very unhappy ending.
Add the high property taxes, completely out of touch with the current values of the properties in such neighbourhoods. And don't forget the back taxes from previous owners that you're often required to pay.
You lure people with a limited income, attracted by the low auction prices, force them to invest a significant sum to renovate a property to code within a limited time frame, saddle them with a mortgage and then you slap them with high taxes.
I'm not saying investing in such properties in Detroit is a bad move, you can make a lot of money with it, but it's not for the inexperienced or someone without a buffer to overcome setbacks!
But then again, according to Trump himself: “I know a lot about hacking." And he also knows “things that other people don’t know. And so they cannot be sure of the situation.” The man could be a brilliant hacker for all I know.
For Windows and Linux, there's Cherrytree (http://www.giuspen.com/cherrytree/). I'm not using it myself, it's just something that I found when looking for Evernote alternatives. It has syntax highlighting and can handle images.
Good luck with finding a solution.
It's understandable you want to offer attractive perks with your Kickstarter, but at that time the Pebble brand among tech enthousiasts was big enough to limit the discount and stress the early adoper angle. You have several thousands of customers eagerly waiting for your next generation product, in that case there's no need to give steep discounts in the perks.
I guess the Pebble management was too focused to make the last Kickstarter another well-publicized runaway success, so that they could use that success to convince investors once again. But in the process they discounted their product, their brand and ultimately their chances of survival.
I wish there was an easy way to instantly get a digital version of a book you own. Publishers always claim that you don't really own a book or record, it's just a license. I've already bought a license to read a novel or listen to an album, why can't I just transfer the license to a digital format without paying full price again?
And it's even more painful when you acknowledge that a lot of books are still unread, it's like a wall of shame of good intentions. Thankfully you can easily hide digital books in a subfolder.
Maybe it's time to transform myself into a corporation. No more taxes, limited liabilities, easy bankruptcy (student loans), can't go to jail even if I make a real mess (financial crisis of 2007, Wells Fargo, BP), welcome at exotic tax havens, tax breaks to move to another region... The ultimate lifehack: forget cloning yourself, just corporize!