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Prop 13 mandated that assessed value grow at below-inflation rates. Holding a piece of property should not make your property taxes disappear over time.
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Sep 10, 2020 22:33
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In fire news: https://twitter.com/edit4life/status/1304161963648450563?s=19 Gavin should use some of those oil donor dollars and get himself a fiddle.
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Sep 10, 2020 22:47
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30% more fires every year And we're not even in october yet.
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Sep 10, 2020 22:49
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California (carbonized, flaked, and spread via high-level winds) über alles
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Sep 10, 2020 22:58
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Wicked Them Beats posted:In fire news: For those playing along at home, just that list of fires would be the complete burn and destruction of Connecticut, Rhode Island, and Delaware added together. Find me another ~50K acres to account for some rounding and you can burn down DC too. Sundae fucked around with this message at 23:13 on Sep 10, 2020 |
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Sep 10, 2020 23:11
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Wicked Them Beats posted:In fire news: Hmm so you’re saying I definitely SHOULD buy a cabin in Crestline.
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Sep 10, 2020 23:56
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Jaxyon posted:lol the tax rate in most of New York State is like 2% and assessed at market value anually This is not helpful.
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Sep 11, 2020 00:57
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Enigma89 posted:This is not helpful. A prop 13 repeal and changing cali property taxes to match up with most of the US would actually be very helpful as well as keeping people who were only looking for tax shelter from driving up real estate prices.
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Sep 11, 2020 01:00
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literally every argument in favor of prop 13 can be countered with "but look at how most every other state doesn't do this and yet somehow the grandmas survive"
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Sep 11, 2020 01:01
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Jaxyon posted:A prop 13 repeal and changing cali property taxes to match up with most of the US would actually be very helpful as well as keeping people who were only looking for tax shelter from driving up real estate prices. I wasn't commenting on Prop 13 it's just the general animosity from him. I am a real estate speculator. I move quite frequently for work and I am thinking of moving back to California.
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Sep 11, 2020 01:02
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Enigma89 posted:I am a real estate speculator. This explains far more than you realize
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Sep 11, 2020 01:04
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Enigma89 posted:I wasn't commenting on Prop 13 it's just the general animosity from him. I am a real estate speculator. I move quite frequently for work and I am thinking of moving back to California. Everyone here hates you for that reason. If the proposition makes you hesitate to plunge your proboscis into our neck, good.
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Sep 11, 2020 01:13
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Enigma89 posted:I am a real estate speculator. Everything else about you and what you do can get hosed.
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Sep 11, 2020 01:13
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Enigma89 posted:I am a real estate speculator. gently caress you, stay out of our state.
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Sep 11, 2020 01:19
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Please speculate a loaded handgun into your mouth and pull the trigger, Enigma89. (USER WAS PUT ON PROBATION FOR THIS POST) (USER WAS PUT ON PROBATION FOR THIS POST)
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Sep 11, 2020 01:21
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Enigma89 posted:I wasn't commenting on Prop 13 it's just the general animosity from him. I am a real estate speculator. I move quite frequently for work and I am thinking of moving back to California.
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Sep 11, 2020 01:25
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Enigma89 posted:I am a real estate speculator. I move quite frequently for work and I am thinking of moving back to California. Lol you're a goddamn gimmick account
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Sep 11, 2020 01:32
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Enigma89 posted:I am a real estate speculator. Cup Runneth Over posted:gently caress you
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Sep 11, 2020 01:32
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Enigma89 posted:It just seems like a limp dick prop in comparison to some other things I have in mind albeit I am not sure what the solution is. Enigma89 posted:I am a real estate speculator. Yeah no one wants to hear what your ideas are to "fix" the problem. 
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Sep 11, 2020 01:34
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Jaxyon posted:This explains far more than you realize Oh sorry that was a typo. I am NOT a real estate speculator. My comment was about how he assumed I was speculating about real estate while living in NYC. I am originally from California and have been thinking of moving back. Real estate is really crazy in NYC and buying an apartment here is just absurd compared to CA.
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Sep 11, 2020 01:35
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Enigma89 posted:Oh sorry that was a typo. I am NOT a real estate speculator. quote:Real estate is really crazy in NYC and buying an apartment here is just absurd compared to CA. LOL whoops masked slipped on your troll account You're a real estate speculator. Your a landlord who gets less interested when he has to pay a fair tax rate on 4 million dollar properties. That makes you a speculator gently caress all the way off. This isn't even going into your other bad opinions. Jaxyon fucked around with this message at 01:39 on Sep 11, 2020 |
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Sep 11, 2020 01:37
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 https://twitter.com/datadebt/status/1304211421585010688  
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Sep 11, 2020 01:39
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It’s 2020, I’m assuming this is the pelosi campaign trying to smear Shahid as pro-cop.
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Sep 11, 2020 01:47
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Unclear if beardo man is the subject of the "F" grade, or the source of the "F" grade.
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Sep 11, 2020 01:51
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withak posted:Unclear if beardo man is the subject of the "F" grade, or the source of the "F" grade.
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Sep 11, 2020 02:12
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Enigma89 posted:Oh sorry that was a typo. I am NOT a real estate speculator. 
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Sep 11, 2020 02:21
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I'm whatever that thing you call people who make mutli-million dollar decisions based on things like theoretical tax legislation and don't need that income at all to live. No not the bad thing. It's different.
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Sep 11, 2020 02:27
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Jaxyon posted:... I am not a landlord. It's really not about the taxes, it's really about the property prices. This explains what I meant about the cap rates. https://propertymetrics.com/blog/cap-rate/#:~:text=The%20capitalization%20rate%2C%20often%20just,%2F%241%2C000%2C000%2C%20or%2010%25.
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Sep 11, 2020 02:27
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Yeah just got this as a reply on prop 15 with the nextdoor chuds. "you don’t think this will roll down to residential properties you are sadly mistaken. If you haven’t Noticed CA does everything incrementally. For a reason prop 109/57/47 are perfect examples"
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Sep 11, 2020 02:49
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Have you seen my apex seals? I seem to have lost them.
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Something Awful Forums > Debate and Discussion > California Politics Thread: Enigma89 loving sucks
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Sep 11, 2020 02:57
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FMguru posted:Please speculate a loaded handgun into your mouth and pull the trigger, Enigma89. How did this person get probed but not Enigma89?
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Sep 11, 2020 03:06
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"If you invest 3 million dollars and get a 2% cap rate (i.e. profit $60,000 a year for doing jack poo poo), that investment is nonsensically bad." Only the landlord class have enough money to even get a 2% cap rate. For working class people, an investment with a 1% cap rate would be a better return than they've seen in their entire lives.
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Sep 11, 2020 03:08
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GrandpaPants posted:How did this person get probed but not Enigma89?
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Sep 11, 2020 03:22
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Real estate speculation has certainly led to more deaths than that post ever will but this is D&D so we gotta maintain decorum.
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Sep 11, 2020 03:23
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All I'm reading that's against prop 15 is that it'll mean commercial land/property values go down due to costing more to maintain and that this is somehow a bad thing because land/property is supposed to increase in value infinitely forever or something? But when property values respond to this change and decrease then that just means that the taxes go right back down to wherever it's profitable again to purchase the stuff. There's not going to be less land or fewer buildings or whatever it'll just be more affordable.
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Sep 11, 2020 03:27
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You could describe a prop to me by saying "this will reduce property values and have basically no other effect" and I'll windmill slam that VOTE YES button so hard the shockwave will knock a boomer to the ground.
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Sep 11, 2020 03:33
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Complications posted:All I'm reading that's against prop 15 is that it'll mean commercial land/property values go down due to costing more to maintain and that this is somehow a bad thing because land/property is supposed to increase in value infinitely forever or something? But when property values respond to this change and decrease then that just means that the taxes go right back down to wherever it's profitable again to purchase the stuff. There's not going to be less land or fewer buildings or whatever it'll just be more affordable. Yeah but the people who currently own the property don't want it to be affordable, they want that guaranteed payday that was supposed to be coming their way. In a lot of cases they're already in for more than the property is worth if it became "affordable." But don't ask them who exactly is supposed to afford property that perpetually gets more expensive while wages never grow. They don't understand the question and will just furrow their brow and tilt their head at you like a dog that just saw a magic trick.
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Sep 11, 2020 05:01
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Enigma89 posted:I am not a landlord. gently caress off, you shitstain.
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Sep 11, 2020 05:43
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Pretty brave to come in here to talk about speculation, capital gains and whatever else lmao
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Sep 11, 2020 05:45
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Hey if all the dry wood burns up and clears all that housing... its free demo work! And free demo work means easier re-development and hey I heard you have a housing crisis.....
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Sep 11, 2020 05:53
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