Author Topic: San Francisco things  (Read 149645 times)

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Offline michigancat

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Re: San Francisco things
« Reply #1625 on: October 16, 2020, 02:43:50 PM »
Interesting map on how Prop 13 impacts property tax. (Prop 13 caps property tax increases and only is reassessed when a property is sold.) Basically if you got in early you're golden and if you didn't good luck.

https://www.officialdata.org/ca-property-tax/

here's what a block in SF where pretty much every building is the same looks like:



If a family member owns a house that you inherit after their death is your tax rate reassessed or do you still get to keep paying their super low rate?

The inheritor keeps paying the super low rate. The most egregious example is Jeff Bridges inheriting his dad's place in Malibu.

Quote
Because of a ballot measure passed in 1986, California is the only state in the country where children get to inherit their parents’ low property taxes on the homes they leave behind. That’s why you may have heard that Oscar-winning actor Jeff Bridges is paying only $5,700 a year in property taxes on an oceanside Malibu home his parents bought in the 1950’s. Like the vast majority of those who benefit from this inheritance tax break, Bridges doesn’t live in the Malibu home–he and his siblings rent it out, for $15,000 a month.

https://calmatters.org/economy/2018/08/prop-13-jeff-bridges-property-taxes-inheritance-estate-california/

Offline ben ji

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Re: San Francisco things
« Reply #1626 on: October 16, 2020, 03:44:46 PM »
 :surprised: :eek:


Offline sys

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Re: San Francisco things
« Reply #1627 on: October 16, 2020, 07:17:28 PM »
there's a ballot measure on this year's ballot to roll back the tax break on inherited properties unless the heirs live in the house.  no idea if it's likely to pass or not.
"experienced commanders will simply be smeared and will actually go to the meat."

Offline michigancat

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Re: San Francisco things
« Reply #1628 on: October 16, 2020, 08:53:54 PM »
there's a ballot measure on this year's ballot to roll back the tax break on inherited properties unless the heirs live in the house.  no idea if it's likely to pass or not.
It's kind of a weird one, it also lets old people carry their assessment to a new place more

Offline sys

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Re: San Francisco things
« Reply #1629 on: October 16, 2020, 09:10:19 PM »
yeah, i think it was written to trick people into voting to raise taxes, but i'm not sure of that.
"experienced commanders will simply be smeared and will actually go to the meat."

Offline michigancat

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Re: San Francisco things
« Reply #1630 on: October 17, 2020, 01:01:49 PM »
yeah, i think it was written to trick people into voting to raise taxes, but i'm not sure of that.
https://www.instagram.com/p/CGYoIjFBUoq/?igshid=z6rqn40l7m71

Realtors are very much in favor of it which probably means it will lead to higher property values on average.

Offline Pete

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Re: San Francisco things
« Reply #1631 on: October 17, 2020, 03:15:56 PM »
yeah, i think it was written to trick people into voting to raise taxes, but i'm not sure of that.
https://www.instagram.com/p/CGYoIjFBUoq/?igshid=z6rqn40l7m71

Realtors are very much in favor of it which probably means it will lead to higher property values on average.

And most importantly (to them), more turnover of properties.

Offline michigancat

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Re: San Francisco things
« Reply #1632 on: October 17, 2020, 03:22:55 PM »
yeah, i think it was written to trick people into voting to raise taxes, but i'm not sure of that.
https://www.instagram.com/p/CGYoIjFBUoq/?igshid=z6rqn40l7m71

Realtors are very much in favor of it which probably means it will lead to higher property values on average.

And most importantly (to them), more turnover of properties.
I don't know. Prop 13 inflates property values and reduces turnover but I'm sure realtors would fight like hell against its repeal (alongside most homeowners)

Offline sys

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Re: San Francisco things
« Reply #1633 on: October 17, 2020, 06:00:30 PM »
most importantly (to them), more turnover of properties.

yeah, this is correct.  increased taxation brings down prices (and the net effect of prop 19 is a tax increase).  but that's swamped by the effect of removing the incentive for people to never sell.
"experienced commanders will simply be smeared and will actually go to the meat."

Offline michigancat

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Re: San Francisco things
« Reply #1634 on: October 23, 2020, 10:15:53 AM »
this is very true:

https://twitter.com/DKThomp/status/1319285869166030851

(I'm still not mad about the CAREN act though because LOL)

Offline sys

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Re: San Francisco things
« Reply #1635 on: December 14, 2020, 08:08:50 PM »
"experienced commanders will simply be smeared and will actually go to the meat."

Offline michigancat

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Re: San Francisco things
« Reply #1636 on: December 14, 2020, 08:46:18 PM »

Offline kim carnes

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Re: San Francisco things
« Reply #1637 on: December 14, 2020, 08:58:07 PM »
this is very true:

https://twitter.com/DKThomp/status/1319285869166030851

(I'm still not mad about the CAREN act though because LOL)

Except that it’s not.  I’m not sure what kind of mental gymnastics you guys did to arrive at that conclusion but it’s pretty impressive.  If I owned a standalone home in sf I sure as crap wouldn’t want any large structures being built next to my home and it wouldn’t have anything to do with racism. 

Offline michigancat

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Re: San Francisco things
« Reply #1638 on: December 14, 2020, 09:06:45 PM »
this is very true:

https://twitter.com/DKThomp/status/1319285869166030851

(I'm still not mad about the CAREN act though because LOL)

Except that it’s not.  I’m not sure what kind of mental gymnastics you guys did to arrive at that conclusion but it’s pretty impressive.  If I owned a standalone home in sf I sure as crap wouldn’t want any large structures being built next to my home and it wouldn’t have anything to do with racism.

LOL

Offline kim carnes

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Re: San Francisco things
« Reply #1639 on: December 14, 2020, 09:16:03 PM »
Explain to me, with facts, how you came to that conclusion

Offline michigancat

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Re: San Francisco things
« Reply #1640 on: December 14, 2020, 09:21:23 PM »
Explain to me, with facts, how you came to that conclusion

Nah, stay mad

Offline kim carnes

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Re: San Francisco things
« Reply #1641 on: December 14, 2020, 09:42:15 PM »
I’m mad that you two losers took two completely unrelated subjects and drew a line between them and think you’re making some profound point.

Offline michigancat

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Re: San Francisco things
« Reply #1642 on: December 14, 2020, 09:42:48 PM »
I’m mad that you two losers took two completely unrelated subjects and drew a line between them and think you’re making some profound point.
:curse:



Offline mocat

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Offline michigancat

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Re: San Francisco things
« Reply #1644 on: January 15, 2021, 11:17:10 AM »
everyone in this article is the worst and I am glad they are leaving

https://twitter.com/TaylorLorenz/status/1349961566431698944

Offline sonofdaxjones

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Re: San Francisco things
« Reply #1645 on: January 18, 2021, 10:49:59 PM »
https://www.nytimes.com/2021/01/14/technology/san-francisco-covid-work-moving.html

They Can’t Leave the Bay Area Fast Enough

In a related note, for the right coast.  Family friend owns a business on the Jersey Shore.   Record breaking year, stayed open longer this past year because it's full of permanent residents now.   Outer Banks NC, all time record year round occupancy.   People/Families with vacation rental properties have taken their houses off the market and now live there permanently in record numbers. 




Offline pissclams

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Re: San Francisco things
« Reply #1646 on: January 19, 2021, 08:46:27 AM »
i think watching how the the california to texas migration changes the demographics in texas will be interesting


Cheesy Mustache QB might make an appearance.

New warning: Don't get in a fight with someone who doesn't even need to bother to buy ink.

Offline michigancat

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Re: San Francisco things
« Reply #1647 on: January 19, 2021, 09:16:58 AM »
i think watching how the the california to texas migration changes the demographics in texas will be interesting

I would guess it's a big part of Arizona's shift too, but not sure

Offline nicname

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Re: San Francisco things
« Reply #1648 on: January 19, 2021, 11:14:14 AM »
My anecdotal evidence (Idaho, Colorado, Arizona) suggests that most locals despise Californians when their influx becomes noticeable. Then when housing prices rise, and politics shift, the natives really ramp up the dislike.
If there was a gif of nicname thwarting the attempted-flag-taker and then gesturing him to suck it, followed by motioning for all of Hilton Shelter to boo him louder, it'd be better than that auburn gif.

Offline michigancat

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Re: San Francisco things
« Reply #1649 on: January 19, 2021, 11:56:15 AM »
My anecdotal evidence (Idaho, Colorado, Arizona) suggests that most locals despise Californians when their influx becomes noticeable. Then when housing prices rise, and politics shift, the natives really ramp up the dislike.

oh definitely. californians make shitloads of money