California Politics: Madame Senator, this is a morgue

The Something Awful Forums > Discussion > Debate & Discussion > California Politics: Madame Senator, this is a morgue

«‹›957 »

Cup Runneth Over: Aug 8, 2009; She said life's
Too short to worry
Life's too long to wait
It's too short
Not to love everybody
Life's too long to hate

GrandpaPants posted:

How did this person get probed but not Enigma89?

It's D&D

# ? Sep 11, 2020 07:23

Adbot: ADBOT LOVES YOU

# ? May 17, 2024 00:11

Enigma89: Jan 2, 2007; by CVG

Infinite Karma posted:

"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.

A 1% cap rate means it would take 100 years to realize their investment. This wouldn't even keep up with inflation.

I guess what I am getting hung up on here is how does anyone expect anyone to make money anymore in real estate? You already have small sub-12 unit buildings that are at the 2-4% cap rate range in Los Angeles. If they are going to incur more cost in taxes, it's going to get passed down the tenants.

It's that or the cap rates go down significantly and the landlords eat poo poo on the loans. I don't see the landlords eating poo poo on this so the tenants are going to lose. Someone is going to pay for this and the cap rates on the buildings dictate how much wiggle room there is on this.

Luckily Prop 15 doesn't touch MFD commercial buildings so there is that silver lining.

At the end of the day it's just math. Something has to give and if I was a landlord, the choice is clear.

If you want to see what the brokers are saying, here a report from Marcus and Millichap which is one of the large brokerage firms in California.
https://www.marcusmillichap.com/research/special-report/2020/09/beyond-the-health-crisis-california-proposition-15

quote:

Implications for tenants will be significant. Retailers may bear
the brunt of the rise in taxes due to the structure of existing leases.
Most net leases, which are prevalent in the sector, pass through taxes
to lessees. Small and local retailers have already been injured by
pandemic-related shutdowns and shouldering a significant rise in
taxes will likely force many to shutter. Those tenants in older buildings
or low-traffic areas face the greatest risk from pass-through
taxes while large chains will weather the increase more easily. Net
leases have also been rising in popularity across other sectors in recent
years, including industrial and single-tenant office properties.
Ultimately, the increase in taxes will trickle down to consumers
through higher rents and product costs.

# ? Sep 11, 2020 14:13

withak: Jan 15, 2003; Fun Shoe

How about we use real estate to live in and do business in instead of using it to make money by passing around ownership?

# ? Sep 11, 2020 14:18

bawfuls: Oct 28, 2009

Enigma89 posted:

I guess what I am getting hung up on here is how does anyone expect anyone to make money anymore in real estate?

We don�t want anyone to make money in real estate. Just like we don�t want people to make money on healthcare. It�s a basic human need, it should be decomodified.

# ? Sep 11, 2020 16:01

The Aardvark: Aug 19, 2013

how can i become a junior robber baron now?! :qq:

# ? Sep 11, 2020 16:12

CPColin: Sep 9, 2003; Big ol' smile.

GrandpaPants posted:

How did this person get probed but not Enigma89?

Having dumb opinions isn't against the rules. Telling people to kill themselves is.

# ? Sep 11, 2020 16:16

The Wiggly Wizard: Aug 21, 2008

Enigma89 posted:

I guess what I am getting hung up on here is how does anyone expect anyone to make money anymore in real estate?

# ? Sep 11, 2020 16:19

FlapYoJacks: Feb 12, 2009

Enigma89 posted:

I guess what I am getting hung up on here is how does anyone expect anyone to make money anymore in real estate?

That�s easy OP, by being in a union that builds guillotine�s.

# ? Sep 11, 2020 16:21

Enigma89: Jan 2, 2007; by CVG

bawfuls posted:

We don�t want anyone to make money in real estate. Just like we don�t want people to make money on healthcare. It�s a basic human need, it should be decomodified.

Has housing ever been decomodified anywhere before? I don't even know how that would work exactly. Is the idea is that the government would just be in charge of financing construction and management of housing?

# ? Sep 11, 2020 17:06

Doc Hawkins: Jun 15, 2010; Dashing? But I'm not even moving!

a+ moves from the Newsom social media team, i am in awe

https://twitter.com/GavinNewsom/status/1304237742256136193

# ? Sep 11, 2020 17:31

Sydin: Oct 29, 2011; Another spring commute

There are far better points I could make about how loving stupid everything about that is, but instead I'm just imagining the PG&E power infrastructure in 10 years trying to handle this gigantic influx of FEV's and :lol:

good luck charging between the rolling blackouts that hit every other hour.

# ? Sep 11, 2020 17:48

America Inc.: Nov 22, 2013; I plan to live forever, of course, but barring that I'd settle for a couple thousand years. Even 500 would be pretty nice.

Enigma89 posted:

Has housing ever been decomodified anywhere before? I don't even know how that would work exactly. Is the idea is that the government would just be in charge of financing construction and management of housing?

A few examples

https://jacobinmag.com/2018/11/beautiful-public-housing-red-vienna-social-housing

# ? Sep 11, 2020 18:02

Arsenic Lupin: Apr 12, 2012; This particularly rapid💨 unintelligible 😖patter💁 isn't generally heard🧏‍♂️, and if it is🤔, it doesn't matter💁.

Enigma89 posted:

A 1% cap rate means it would take 100 years to realize their investment. This wouldn't even keep up with inflation.

I guess what I am getting hung up on here is how does anyone expect anyone to make money anymore in real estate? You already have small sub-12 unit buildings that are at the 2-4% cap rate range in Los Angeles. If they are going to incur more cost in taxes, it's going to get passed down the tenants.

Perhaps ... just spitballing here ... real estate prices have risen above what the market will bear? Perhaps people shouldn't be buying real estate as an investment strategy right now, because it's a bubble market?

# ? Sep 11, 2020 18:12

Kenning: Jan 11, 2009; I really want to post goatse. Instead I only have these🍄.

Also, even if housing hadn't been decommodified anywhere previously it would still be a laudable goal, worthy of investigation and experimentation, based on the social good it could yield. New things happen in history and human society all the time.

# ? Sep 11, 2020 18:12

Wicked Them Beats: Apr 1, 2007; Moralists don't really *have* beliefs. Sometimes they stumble on one, like on a child's toy left on the carpet. The toy must be put away immediately. And the child reprimanded.

Arsenic Lupin posted:

Perhaps ... just spitballing here ... real estate prices have risen above what the market will bear? Perhaps people shouldn't be buying real estate as an investment strategy right now, because it's a bubble market?

Number... not go up???? I don't understand.

# ? Sep 11, 2020 18:12

bawfuls: Oct 28, 2009

No! Change is bad and I deserve a consistent 7% return without risk.

# ? Sep 11, 2020 18:14

H.P. Hovercraft: Jan 12, 2004; one thing a computer can do that most humans can't is be sealed up in a cardboard box and sit in a warehouse; Slippery Tilde

Doc Hawkins posted:

a+ moves from the Newsom social media team, i am in awe

https://twitter.com/GavinNewsom/status/1304237742256136193

reminder that the california air resources board already announced that zero emissions vehicles are insufficient to meet emissions goals - it can't be accomplished unless people are able to drive significantly less

quote:

ARB staff presented their findings about vehicle miles driven (VMT). Even if all the regulatory programs, incentives, and research the ARB has produced on low carbon fuels, clean energy, and zero emission vehicles could be put into effect tomorrow, California would not be able cut emissions enough to meet its goals, they said.

Californians must also reduce VMT to 25 percent of 2005 levels, said ARB staffer Ashley Georgiou, which is equivalent to about 1.6 miles per person per day. �Reducing driving, including via carpooling, improving connections to transit, and increasing active transportation, can reduce health risks, reduce the need for funding, and strengthen the resilience of people and communities,� she added.

also lol

quote:

Members of the CTC didn�t seem to believe her, although Chair Fran Inman told the group that they had hosted a discussion about VMT at their monthly meeting that very morning.

Commissioner Lucy Dunn tried to sidestep ARB�s conclusions, saying she thought it would be more conducive to discuss the �real world� � �particularly when we talk about reducing VMT,� she said. With the size and scope of the housing crisis, she added, �we can�t build all the housing we need as infill�we also have to do appropriate greenfield development.�

Commissioner Paul Van Konynenburg pointed to the testimony of several people who had carpooled to the meeting in a solar-powered electric vehicle. �I don�t understand,� he said to ARB staff. �Why can�t we meet our greenhouse gas emission goals if all of us drive electric vehicles? I need you to take me through this step by step.�

# ? Sep 11, 2020 18:14

Kenning: Jan 11, 2009; I really want to post goatse. Instead I only have these🍄.

Goddamn CA state lawmakers are dumb as loving rocks.

# ? Sep 11, 2020 18:20

Tayter Swift: Nov 18, 2002; Pillbug

H.P. Hovercraft posted:

Californians must also reduce VMT to 25 percent of 2005 levels,

The article got a very important word wrong

Only registered members can see post attachments!

# ? Sep 11, 2020 18:22

Doc Hawkins: Jun 15, 2010; Dashing? But I'm not even moving!

adoration for none posted:

A few examples

https://jacobinmag.com/2018/11/beautiful-public-housing-red-vienna-social-housing

reminder that democratic socialist Dean Preston got a prop on the SF ballot to create ten thousand units of social housing and I still want to get #RedDeanenna trending

# ? Sep 11, 2020 18:25

Jaxyon: Mar 7, 2016; I’m just saying I would like to see a man beat a woman in a cage. Just to be sure.

Cup Runneth Over posted:

It's D&D

Yeah dude for sure the evil D&D libs really actually love decorum and real estate speculators that's why in 2 pages of people telling a shitheel to gently caress off the only person probated is literally the person who told them to put a gun in their mouth

lol this is a stupid as gently caress take dude

# ? Sep 11, 2020 18:29

sincx: Jul 13, 2012; furiously masturbating to anime titties

sincx fucked around with this message at 05:49 on Mar 23, 2021

# ? Sep 11, 2020 18:30

Jaxyon: Mar 7, 2016; I’m just saying I would like to see a man beat a woman in a cage. Just to be sure.

Enigma89 posted:

I guess what I am getting hung up on here is how does anyone expect anyone to make money anymore in real estate?

"If I can't take advantage of an absurd tax situation how do you expect me to leech off the poor while creating no value" :qq:

# ? Sep 11, 2020 18:32

The Glumslinger: Sep 24, 2008; Coach Nagy, you want me to throw to WHAT side of the field?; Hair Elf

sincx posted:

Stratospheric aerosol dispersion is the only way to save the planet at this point

CFCs good?

# ? Sep 11, 2020 18:32

The Wiggly Wizard: Aug 21, 2008

Sydin posted:

There are far better points I could make about how loving stupid everything about that is, but instead I'm just imagining the PG&E power infrastructure in 10 years trying to handle this gigantic influx of FEV's and good luck charging between the rolling blackouts that hit every other hour.

Solar roadways can charge your self-driving car while in motion

Here's the only important content from the article :

quote:

Right now, according to the Sierra Club,, ride-hailing generates 70 percent more pollution than the trips it displaces in the United States. Studies have also shown that the availability of ride-sharing cuts down on public transit like buses and urban rail.

Why did Forbes decide to frame the article as "Sierra Club announces that Uber says"? Certainly not laundering green clout for rideshare companies!

# ? Sep 11, 2020 18:33

America Inc.: Nov 22, 2013; I plan to live forever, of course, but barring that I'd settle for a couple thousand years. Even 500 would be pretty nice.

Doc Hawkins posted:

reminder that democratic socialist Dean Preston got a prop on the SF ballot to create ten thousand units of social housing and I still want to get #RedDeanenna trending

I can't seem to get any hits for that tag on twitter, maybe you're just japing but si no por favor dame enlace

# ? Sep 11, 2020 18:37

Jaxyon: Mar 7, 2016; I’m just saying I would like to see a man beat a woman in a cage. Just to be sure.

The Wiggly Wizard posted:

Solar roadways can charge your self-driving car while in motion

Yeah that's not going to be a real thing anytime soon

# ? Sep 11, 2020 18:56

America Inc.: Nov 22, 2013; I plan to live forever, of course, but barring that I'd settle for a couple thousand years. Even 500 would be pretty nice.

The Wiggly Wizard posted:

Solar roadways can charge your self-driving car while in motion

Ok but why not propel your car with fairy farts instead?

# ? Sep 11, 2020 19:02

The Wiggly Wizard: Aug 21, 2008

Jaxyon posted:

Yeah that's not going to be a real thing anytime soon

It's a joke about using Popular Science/Dahir Insaat prototypes as marketing hype. The humor comes from picking two things that were predicted in 2014 to be ubiquitous by 2020

# ? Sep 11, 2020 19:19

Jan: Feb 27, 2008; The disruptive powers of excessive national fecundity may have played a greater part in bursting the bonds of convention than either the power of ideas or the errors of autocracy.

sincx posted:

Stratospheric aerosol dispersion is the only way to save the planet at this point

So we need to set California on fire... but in space?

# ? Sep 11, 2020 19:22

sincx: Jul 13, 2012; furiously masturbating to anime titties

sincx fucked around with this message at 05:49 on Mar 23, 2021

# ? Sep 11, 2020 19:24

Dr. Fraiser Chain: May 18, 2004; Redlining my shit posting machine

The Climate: sorry bros, you can't live in the suburbs :shrug:

People: What if everyone dies? That's my final offer :colbert:

# ? Sep 11, 2020 19:24

GrandpaPants: Feb 13, 2006; Free to roam the heavens in man's noble quest to investigate the weirdness of the universe!

I feel like this thread hasn't had a good gently caress Diane Feinstein for a while:

https://twitter.com/kiangoh/status/1304476865143341056?s=21

# ? Sep 11, 2020 19:45

Kenning: Jan 11, 2009; I really want to post goatse. Instead I only have these🍄.

I can taste the air in my apartment, but what I wish I were tasting was the acrid fumes of Feinstein's phylactery as it was consumed on the ceremonial pyre.

# ? Sep 11, 2020 19:52

CPColin: Sep 9, 2003; Big ol' smile.

gently caress Diane Feinstein

# ? Sep 11, 2020 20:05

The Aardvark: Aug 19, 2013

CPColin posted:

gently caress Diane Feinstein

# ? Sep 11, 2020 20:09

bawfuls: Oct 28, 2009

gently caress DiFi

# ? Sep 11, 2020 20:26

Rah!: Feb 21, 2006

CPColin posted:

Having dumb opinions isn't against the rules. Telling people to kill themselves is.

having the opinion that property is more valuable than life should be against the rules IMO

# ? Sep 11, 2020 20:27

Rah!: Feb 21, 2006

bawfuls posted:

gently caress DiFi

# ? Sep 11, 2020 20:27

Adbot: ADBOT LOVES YOU

# ? May 17, 2024 00:11

Rah!: Feb 21, 2006

GrandpaPants posted:

I feel like this thread hasn't had a good gently caress Diane Feinstein for a while:

https://twitter.com/kiangoh/status/1304476865143341056?s=21

on the plus side maybe all these rich fucks like feinstein will flee the doom state, and go to idaho or washington DC or a billionaire pedo island or new zealand bunker or something

on the down side they will continue to exploit commiefornia for its sweet desert almond farm resources :capitalism:

# ? Sep 11, 2020 20:30

The Something Awful Forums > Discussion > Debate & Discussion > California Politics: Madame Senator, this is a morgue

«‹›957 »