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Sundae posted:Hadlock, you know that the NIMBY groups' kids inherit their landed advantages, right? The old NIMBYs will simply become young NIMBYs who want to retain the status quo to their own advantage. Seems like only about 1/3 of NIMBY kids don't sell their parents house. I'm genuinely impressed how many people flush their inheritance down the drain for a one time payout. Most paid off SFH can rent after taxes and maintenance (lol) here for like $40k in profit annually, easily double that on the peninsula. About 80% of the homes we looked at were "my parents died during covid, so we're selling the house" flips
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Feb 14, 2024 23:16
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mikeycp posted:california sucks but it sucks a whole lot less than nearly every other state in this suckass country I have a daughter so I can't ever move back to Texas unless they roll back about 15 years worth of hostile laws
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Feb 14, 2024 23:17
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DELETE CASCADE posted:sell the inherited bay area house for $2 million, pay no capital gains tax. take $1 million and buy a nice house somewhere sane. put the other $1 million in the bank and get $50k in profit annually for doing nothing. now you still have a house, and you still have a million bucks, and you don't have to be a landlord! You'd still pay ~25% income tax so that's a cool half mil to uncle Sam. So now you can buy a 2 bedroom condo ten miles from the beach, and 2% interest on $750k is like $15k, 4%* is only $30k which is barely going to cover your PG&E bill by the end of the decade. Plus you've got HOA dues on top of that The rental property is $40k/year, inflation adjusted, forever. Plus since you're a full time real estate professional, all expenses are a tax write off There's a reason why 60% of SFH were purchased and converted to rental properties during covid *Generous return for money sitting in the bank I guess if you just put it in an index fund you'd get 7% which is 52k but you're paying 20% short term capital gains tax on that so it's $41k minus state taxes There exist some properties that aren't viable rentals. A two bedroom condo in a large healthy building in downtown SF is certainly a viable rental
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Feb 15, 2024 01:12
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What's the average interest rate 2010-2020 tho 4% is still below owning the property as a landlord. Plus if (when) there's another inflationary event you're holding cash and not an inflation protected asset
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Feb 15, 2024 01:18
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jokes posted:Unlike being a landlord, where you're famously immune to risk Ah yes the "running a business for profit is an inherently risky proposition, so why even bother getting out of bed" trump card. Touchè
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Feb 15, 2024 01:39
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I'd wager the average goon is 36 and will have at least one kid by 2025 I'm genuinely surprised at how little traffic the parenting thread gets We have two cars but one is a 70 year old car I'm keeping on the road vs letting go in a landfill. Hadlock fucked around with this message at 04:51 on Feb 15, 2024 |
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Feb 15, 2024 04:35
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Sundae posted:That sounds remarkably easy; we should make it illegal. New thread title
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Feb 15, 2024 06:22
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This is about 30% of the reason why my next car is going to be a 1948
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Feb 15, 2024 09:35
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This is an important point; the high water mark for property value in the central bay area was near October 2015, maybe that summer. Property values have been pretty flat (by bay area standards) for both SF/Berkeley/Oakland in the intermediate years
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Feb 18, 2024 07:14
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jokes posted:He thinks it's cool and good to be a landlord Oh yeah? Link me to the post  Financially beneficial? Probably. Ethically? Good luck finding anything I've ever written to support this wild allegation. I'll wait.
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Feb 18, 2024 07:16
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CopperHound posted:Maybe this is a controversial take, but if you’re going to be a one issue voter, “Don’t provide material support for an active genocide” sounds like a good issue to pick. It's kind of looking like Biden is paying attention after the Michigan event
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Feb 29, 2024 08:51
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PseudoFaux posted:Having moved from florida and now voting in california, I'm noticing your elections are a different flavor of political hell than the poo poo we had back home. But y'all still have the same problem of "most/all of your candidates are cozy with the cops" Most land owners vote, land ownership is a right to defend said property; cops' primary purpose (stated or otherwise) is to protect property (often at the cost of civil liberties) ergo politicians are typically neutral at worst when it comes to cops
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Mar 4, 2024 08:00
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drk posted:they also have our currently only nuclear reactor which Edit: nm they decommissioned the vallecitos reactor in November Hadlock fucked around with this message at 06:00 on Mar 7, 2024 |
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Mar 7, 2024 05:55
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The nuclear division is it's own separate thing, they're pretty aggressively walled off from the rest of the company both politically and getting a site pass is, not impossible, but drat hard
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Mar 7, 2024 09:45
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Cactus Ghost posted:thats frightening that the entity that cant operate gas lines or overhead power lines without killing people is running a nuclear reactor You definitely don't want to know what's going on behind the scenes at the places building your banking apps
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Mar 7, 2024 21:11
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Yes; the jury is still out on if cell phone radiation is harmful or not tho
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Mar 7, 2024 21:26
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You're welcome to drag them through the mud but unless you can demonstrate the nuclear engineers running Diablo Canyon are incompetent I will not partake at this time
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Mar 8, 2024 01:38
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Wheeljack posted:https://www.npr.org/2024/03/21/1239811952/california-proposition-1-homeless article posted:Critics said the single formula could mean rural counties such as Butte, with a homeless population of fewer than 1,300 people, That's kind of a lot of people? What are they complaining about? Does DC have less? The author isn't listed
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Mar 22, 2024 05:11
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Firefighters aren't completely terrible they're at least pretty good at their job, don't pick skulls as their symbol of choice. At worst they're neutral good. I've not met a firefighter I would throw out of my house
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Mar 22, 2024 07:44
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Apparently the fast food bill has already triggered wage increases for school lunch
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Apr 4, 2024 23:00
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How many peoples wages are impacted by the new law Fake edit: LA times has an article dated March 27 2024 suggesting as of May 2022 BLS says 540,000 with 195,000 in La and Orange county That's about 300,000 higher than I was expecting Interesting to see other industries feeling competition from fast food. Fast food makes up what, 1.4% of the population? With a labor participation rate of 62% and 540k looks like 2.23% of the workforce
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Apr 5, 2024 01:01
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Just curious but why would a local union not move to join a larger union pretty much immediately? Based on their website it looks like they formed maybe in 1984 Also why aren't all state employees represented by the same union
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Apr 5, 2024 18:40
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Zachack posted:CAPS isn't local, they represent all scientists working for CA. Well, not national Can you work at a single job and belong to multiple unions? CAPS, UAW, ... some future CA government workers union? 30,000 strong is pretty good but they don't have a lot of direct levers to turn down profits for capitalism. Shutting down the entire ca state gov seems like it would be very effective when if for only one day The fast food minimum wage thing is really interesting; it had a huge impact Even outside their industry, apparently, but fast food workers largely aren't unionized. Like, this is exactly how a socialist government is supposed to work, just pass a law mandating a (borderline) livable wage, no need to unions to go strike and organize at the bargaining table every 4 years or whatever
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Apr 5, 2024 21:30
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BeAuMaN posted:Yeah I saw that article. Another "oh the woes of raising the minimum wage". I mean the $20/hour raise for fast food workers was a backdoor increase on the general minimum wage. The authors knew what they were doing when they negotiated that concession from the franchises. Is there a write up somewhere on how this was orchestrated? This was such a wild success it seems like it should be the model for raising wages going forward Unions are great and all but because it's a state law everyone gets the benefit. Seems like democracy is... almost working as intended?
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Apr 6, 2024 18:25
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Rust Martialis posted:Go make a list of non-capitalist countries and get back to us North Korea Antarctica Vietnam
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Apr 6, 2024 18:25
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Are you denying the people of Antartica statehood? What is it to you, a refugee camp
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Apr 6, 2024 19:13
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The massive European tourist destination with major hotel chains and cruise ship terminal? Should we be adding the Bahamas and Bermuda to this list
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Apr 6, 2024 20:07
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This is super helpful, thanks I kind of wish someone like Michael Moore would do a documentary about this though, like, "how to achieve a livable minimum wage through direct government action" this is just such a huge win and the fact that they did it mostly under the radar, with minimal public pushback  just amazing This really seems like something other states and industries should look at as a model going forward. Maybe they just got lucky, hard to say mikeycp posted:Vietnam is also a pretty big tourist destination for southeast Asia last I checked and that made the list Besides Nha trang and hai Long Bay, where? Hoi an is cute but I doubt it contributes more than two T90 tanks worth a year to the GDP. Hai Long Bay is a major tourist thing but I doubt they bring in more than $100mm/yr we paid like $500 for two people from the time we stepped off the train until we flew out of Hanoi All the money is in assembling electronics for canon, foxconn etc based on the uncountable white assembly warehouses lining both sides of the main coastal road as far as the eye can see
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Apr 6, 2024 23:30
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fermun posted:In much of Europe, there is sectoral bargaining, where the union negotiates the minimum pay and benefits for everyone in their industry, whether it is a union shop or not. While a law exists to allow this in California, if the governor gives permission to a sector's unions, federal law prevents it. Can you expand upon this or give me something to Google for, this has been a recent interest of mine
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Apr 7, 2024 02:35
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Cactus Ghost posted:in real life a billionaire vigilante would just murder suicide a series a meeting People doing series A generally because they're a self starter and don't have the connections to raise money via their "old money" friends why are you blowing up people of modest means
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Apr 16, 2024 22:13
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https://www.youtube.com/watch?v=i_Cw0QJU8ro
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Apr 18, 2024 20:39
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Can you buy gummies from weed dealers
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May 1, 2024 05:49
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DeadlyMuffin posted:I know it's the CA politics thread, but that doesn't mean all the posters are from there. The person you're replying to isn't even in this country let alone hemisphere
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May 11, 2024 23:40
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