The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1916-08-24
NAGEL ASKS
FAIR DEAL
FOR WAYNE
(Continued from Pss- one)
gels remarks follow

aNtEfi itIlldi NJ AVliNN
In tho past two years the city Of
Detroit and the sbutting townships
have gone through = period 81 un-
reached it's climax IN values We
have seen land values lesping up
ward SO last that men have became
dizzy watching Ia antics for an eN
ample one piece ~ acreage sold at
= O'Clock In the morning for 10000
sold again in the rternoon for 500
900. the newt morning tho plat OF
THE property was submitted TO the
abstract department and the owners
were advSr'tsinE the lots for sale ~
$50 per foot front. they TO put In all
improN cW"nts. and At this price The
parcel would sell AZ $4,000 In this
only Z 600 and tho lots are selling
with . small payment down. the bal
Ance 10 Dc spread over Ions period
81 time with the chances very fav-
prahle that 10 another year or two
tho original owner viii no ploughing
up tho 1idcwRika 20 plant corn IN
IN. ground that has returned 20 him
because OF the failure 10 keep w
tho payr)uu'a
wish 20 call tho attention Of this
board - m" fat that about 4 year
ago Mr Ford made statement that
n Intended "a tho near future 20
erect large tractor plant IN the
western part ~ Detroit and Dear
born aud -pTingWsilg townships inn
70
rit"ry began 20 soar sk'W wards. land
tretled tta value overnight have
= case IN mind 10 this particular lora-
ton Uhrr" prrSun had owned
unable 10 dispose ~ ~ until recently
a. price - $500 per acre but q
short time after the Ford statement.
H. was reported this same pi'r" 81
my pcrsGnuI ',u1,ladge ,hjs piece oi
land was under four feet OF water
tnlE spr'ur and 80 this mas be
taken 10y The taA comm sglOu Us
uniEhHurNnod When pW~ OF ht
Improvements rvror. - which have
caused property 80 soar IN value het
been established, 70 VIII be time
enough go tax tuo values which VIII
then have been nNcd and Tor the
state board 30 antiripat" them ie un-
fair 70 Wayn" county II cannot he
denied that both trtrot and the
county OUTSIDE 'rc sr'oNing nnusua
prosperity. and ~ "a reasonable go
expect that this gill be reflected N
as tho '1r7ltz"d al1a ION. hut ia"
hoard etuuid TAX" into account two
important facts. one '- that large
port ~ 'uo stat" Was rrNslued ~
fNu. or ,OnUaI s'i depression,
tIru a'."e were low. while Detroit
Is b'fug appraised - tho crest ~ the
u."Hl.rIt wave %. D'rcf lS that
great deal uf tu. apparent taluos are
appear suddenly ir wrk changes
Tho naNim Iw wage scale "A the
,ttH - Detroit - $1,000 PEI Year and
~ per cent of the people In Detroit
arc vorlUua ror toss than this
amount what docs this mean to the
home owner living ON }o-iout lot
assessed ~ $40 per front foot TIL"
value Of the lot is 81 200. a building
on this lot Oonforminr with the loca-
ton would cost g. 600. and this
would ~ only on ordinary frame
house. Today. bascd upon tho in
Hated value 81 all material and tho
high price fur tabor, this would make
n total value for the hove - s+.20O
without counting tho lahor or decor
atwg HE ground witt -hrubhorN,
0oWers and sodding placing this
property on tho rolls ror $4,000.
what vs. the result SN per cent on
the Investment based upon the as
sess"d yaluc. $40 dHnr"ciatiGr, ana
upkeop ga pcr cent annually sion.
water rates s.. Gre Insurance -
tsNcs charged year 1915, Sl'IS6
making a grand total ~ ti5o.ss cost
In other words 80 per cent ~ the in
com" 81 q man earning the VimUm
wage ~ - coo per year, Govern
mont s,tatistics and he honslns re,
Ina, the amount paid by the average
worker throughout Tho nation
amounts TO 10 per cent or his income
Does this not alone show that our
values are entirely out OF proper on
with tho rest Of tho nation? II tho
owner 81 this $1,000 home was TO
rent u at 5 per cent OF the ma Simum
wage ~ Detroit which IL higher
than any other city in the country,
he would receive for his investment
2te per cent 30 YOU believe that
this condition IL conducive 10 the up
building pf Detroit The same con
dition that I have illustrated on the
residence property hol"s good on the
outlying business property.