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Thread: How Rent Spikes Are Creating Fine Dining ‘Deserts’ In New York City

  1. #51
    Veteran Member Panzareta's Avatar
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    Quote Originally Posted by TNVolunteer73 View Post
    He proposes and signs legislation passed by the Democrat legislature.. nice try..

    you call them the Bush tax cuts right, why, only congress can raise or lower taxes... Because Bush proposed the bill.
    Property taxes and rates of increase were set by a voter's initiative, Prop 13. Brown signed nothing.

    Business license fees are set by the county the business is located in and is based on sales or income in the previous quarter.
    Last edited by Panzareta; 2nd August 2017 at 11:15 AM.
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  2. #52
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    Quote Originally Posted by Neomalthusian View Post
    This us versus them rhetoric is not even connected to the topic. It's Silicon Valley, even employees are the ones willing to pay triple what your friend was paying. Some markets become more expensive because of much higher demand. There is nothing coherent about the notion that your friend should have some special privilege to pay 1/3 of what the market bears.



    Human beings other than your friend are desperate for housing in that area and are willing to pay triple what your friend was paying. Other people lined up searching desperately for housing are also human beings. People who own property are also human beings, and they are surrounded by other human beings were willing to pay them a great deal to use the asset that they own. For people like your friend to be entitled to permanent renter status at suppressed prices would constrain supply for other people that are desperately searching for housing and willing to pay triple what your friend paid. So you are just playing arbitrary favorites without any regard for the inevitability of supply and demand.

    This is the absolute basics of supply and demand. It will never make the least bit of sense the way your us versus them mantra thinks special privileges are owed to certain people whereas other people are somehow evil or not human just because their willingness to pay more for something drives up its price.

    If I don't make enough money to afford housing in Silicon Valley, I don't live in Silicon Valley. If I don't make enough money to live in Manhattan, I don't live in Manhattan. If I don't make enough money to live in Geneva Switzerland, I don't live in Geneva Switzerland. If your friend doesn't make enough money to afford housing in Silicon Valley, your friend doesn't live in Silicon Valley.
    It isn't just that they are willing to pay those prices, but also that rising income inequality makes it possible for them to price others out of their homes.

    Well, she did make enough money to live in Silicon Valley. Now she's 70, legally blind with planter fasciitis.

    Her neighbor, who works in Silicon Valley, had to go all the way to Sacramento to find a place he could afford. Of course, he hasn't been able to find a job is Sacramento, so he's commuting.

    I'm sure you're much to clever to ever be old, sick, with limited resources to be kicked to the curb.
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  3. #53
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    Quote Originally Posted by TNVolunteer73 View Post
    Not talking gas taxes,

    there are 3 ways to increase property taxes, increase the rate, or increase the assement the state puts on the property or increase the taxable portion of the assessed value.
    Prop 13 made it possible for me to pay two thirds the property tax on my old home than I do on my current home worth less than ten percent of the old home.

  4. #54
    Veteran Member Panzareta's Avatar
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    Quote Originally Posted by labrea View Post
    Prop 13 made it possible for me to pay two thirds the property tax on my old home than I do on my current home worth less than ten percent of the old home.
    My old property is worth the same as my new and the property tax is almost exactly 2.5 times higher than the rate of the old.
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  5. #55
    Veteran Member Panzareta's Avatar
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    Quote Originally Posted by labrea View Post
    It isn't just that they are willing to pay those prices, but also that rising income inequality makes it possible for them to price others out of their homes.

    Well, she did make enough money to live in Silicon Valley. Now she's 70, legally blind with planter fasciitis.

    Her neighbor, who works in Silicon Valley, had to go all the way to Sacramento to find a place he could afford. Of course, he hasn't been able to find a job is Sacramento, so he's commuting.

    I'm sure you're much to clever to ever be old, sick, with limited resources to be kicked to the curb.
    I used to think like Neo when I was young, stupid and thinking I was immortal. You just never think you will ever get old and unable to do the things you used to.

    I'm sorry for the person who has to commute from Sac to Silicon Valley. That's a terrible commute.
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  6. #56
    Veteran Member TNVolunteer73's Avatar
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    Quote Originally Posted by Panzareta View Post
    I used to think like Neo when I was young, stupid and thinking I was immortal. You just never think you will ever get old and unable to do the things you used to.

    I'm sorry for the person who has to commute from Sac to Silicon Valley. That's a terrible commute.
    Neo-Con fake conservative.

    RINO.. Yellow Dog Democrat.

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    Quote Originally Posted by Hollywood View Post
    This is news to you?
    Not to me, but it's apparently news to lefties...who've never met a tax increase they didn't like.

  8. #58
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    Quote Originally Posted by webrockk View Post
    Not to me, but it's apparently news to lefties...who've never met a tax increase they didn't like.
    That's a lie. I hated it when Reagan raised taxes on the middle class and gave tax breaks to millionaires.
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  9. #59
    Veteran Member Panzareta's Avatar
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    Quote Originally Posted by TNVolunteer73 View Post
    Neo-Con fake conservative.

    RINO.. Yellow Dog Democrat.
    Put down the bottle.

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    Quote Originally Posted by bajisima View Post
    A big problem here in New England is both foreign and local investment bankers who rent both commercial properties and homes. They have been gobbling up starter homes and then renting them out at high rates so first time home buyers have little stock. Imagine they are buying up commercial stuff in NYC as well.

    Investors Pay Cash for Homes, Push Millennials Out of Market | Money
    bajisima,

    Vancouver had that problem, i.e., housing prices soaring because of foreign investment, and the government of British Columbia came up with a solution of a foreign investor's tax of 15%. Prices leveled off and homes became affordable again.

    https://www.bloomberg.com/news/artic...w-property-tax

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