this article<\/a> blames the pandemic as the reason for higher Minneapolis property taxes next year.\u00a0 The reason is because commercial real estate in the city has been jumping so much over the last 10 years before 2020, home owners have not seen as much increase in property taxes.\u00a0 It\u2019s all relative.\u00a0 The city spend money like a drunken sailor and has been able to pass that on to the growing apartment buildings, restaurants, other commercial ventures that have popped up in the last 10 years.\u00a0 That growth has halted and I predict commercial properties and values will decrease which will shift the burden to homeowners.\u00a0 Get ready homeowners.<\/p>2020 has changed all that.\u00a0 Part of the change is the pandemic as businesses realize they can keep workers working at home and reduce the amount of office space needed.\u00a0 But it is also true that businesses will not move into a city that has no police force and allows blocks of businesses to be looted and burned.\u00a0 Target is downsizing.\u00a0 There wasn\u2019t even a thought of the Canadian Pacific merger of having the headquarters in downtown Mpls where it is now.\u00a0 Who thinks Minneapolis will see a Final Four or a Superbowl in the next 10 years?\u00a0 The airheads running the city have created a bigger mess than just the pandemic.\u00a0 I am glad to see my favorite establishment, Brit\u2019s Pub, has re-opened but I am not tempted to go there even in daylight due to the dangerous downtown.\u00a0<\/p>
Right now I am watching the discussion on the local Nextdoor.\u00a0 People are noticing a big jump in their assessed home values yet their property taxes are stable and some even falling a bit.\u00a0 The respite in tax increase this year is a big head fake.\u00a0 The 2022 property taxes will increase mightily as these higher home values will shift a big piece of the real estate base from business to homeowners.\u00a0 Maybe not if the city\u2019s spending can be cut.\u00a0 Unfortunately those cuts will likely come from the police force which is already being decimated by resignations and retirements.\u00a0 The city can just recognize reality that they cannot retain and recruit enough badges.\u00a0 \u00a0\u00a0My heart is sad for my beloved Minneapolis. \u00a0The local voters have been mislead by the local media and the chickens have come home to roost.\u00a0 They will appeal to the state of MN for help.\u00a0 God give backbones to the state legislature to say \u201cNO.\u201d\u00a0 Just say \u201cno\u201d as Mpls voters caused this problem, they need to fix it.<\/p>
Let this be a cautionary tale for other cities.\u00a0 You don\u2019t want this.<\/p>
The same story can be said for all of Hennepin County. This will affect them as well.<\/p><\/blockquote>\n\n\n\n
Two observations. <\/p>\n\n\n\n
First: when the MInnPost <\/em>is too far to the middle for a Democrat machine…<\/p>\n\n\n\nSecond: This is what a death spiral looks like. <\/p>\n\n\n\n
See also: Detroit, Baltimore, Cleveland, Newark…<\/p>\n\n\n\n
…well, you get the idea. <\/p>\n","protected":false},"excerpt":{"rendered":"
A friend of the blog emails: Essentially this article blames the pandemic as the reason for higher Minneapolis property taxes next year.\u00a0 The reason is because commercial real estate in the city has been jumping so much over the last 10 years before 2020, home owners have not seen as much increase in property taxes.\u00a0 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[419,57,416,7,320],"tags":[],"class_list":["post-77259","post","type-post","status-publish","format-standard","hentry","category-2020-riots","category-economy-and-the-market","category-covid19","category-crime-and-punishment","category-mndfl"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/77259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=77259"}],"version-history":[{"count":2,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/77259\/revisions"}],"predecessor-version":[{"id":77261,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/77259\/revisions\/77261"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77259"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}