Wild Fires In LA

[Dublin ohio]

I have no idea what happens when a wildfire meets a solar install.

Toxic fumes

 

[Mike Ault]

Probably comes up short in other ways as well ...whoooeee, that's gotta hurt.

I have no idea how these girls are communicating nowadays. But word definitely gets around. And my dance card is always "full". Counselor.

 

[Charles West]

I have no idea how these girls are communicating nowadays. But word definitely gets around. And my dance card is always "full". Counselor.

Uh huh.

 

[Mike Ault]

Uh huh.

No. And please stop trolling for a picture.

 

[Dublin ohio]

No. And please stop trolling for a picture.

No picture, didn't happen

 

[J Grant]

Prop 13 is not the devil in disguise, and the property taxes for long-time occupants certainly isn't a "pittance". My property taxes are $7000+/yr based on what I paid for the house 10 years ago; if my property taxes increased to reflect current value of my house, they would be about $18,000/yr, and would force me to leave the area. the Prop 13 was created in part to protect long-term residents (neighborhood stability), as well as elderly (like me pretty soon) who cannot keep up with the increased taxes on their fixed SS incomes, which would result in them being virtually cast out of the community into... where? A mobile home in the desert? IMO Prop 13 is a solid positive good thing here.

I understand what you are saying...imo prop 13 should also be income-based - for example, if your income is moderate and that is different than wealthy person who can well afford the higher taxes but is paying far less than newer buyers of a same property. In addition, those who bought a long time ago ( 20 years ago or more perhaps ) got a huge windfall in equity, whereas a recent buyer did not -
FL has a more moderate version where when people bought a long time in the past they enjoy a tax savings but have a yearly increase that is higher than that of Cali

 

[Mike Ault]

No picture, didn't happen

I expected better out of you. If there's enough interest, however, all things are possible. Especially when we have "Daddy Warbucks" back on this side of the border with his credit card.

 

[Terrel L. Shields]

got a huge windfall in equity,

How does that help someone if they don't sell? Or even want to sell? I mean I have a farm. On paper it's worth a lot. But since I don't want to sell, its value is just as a place to live. Paying crushing property taxes for 30 years means if you do sell at the end of the 30 years, the accrued taxes will take a huge part of the value away. I've lived here in this spot 41 years. Do I have to sell every 5 years or so to arbitrage the accrued value?

 

[TerryRohrer]

those who bought a long time ago ( 20 years ago or more perhaps ) got a huge windfall in equity, whereas a recent buyer did not

And this is from a real estate appraiser. I wonder what present value of future benefits means.

 

[Mike Ault]

How does that help someone if they don't sell? Or even want to sell? I mean I have a farm. On paper it's worth a lot. But since I don't want to sell, its value is just as a place to live. Paying crushing property taxes for 30 years means if you do sell at the end of the 30 years, the accrued taxes will take a huge part of the value away. I've lived here in this spot 41 years. Do I have to sell every 5 years or so to arbitrage the accrued value?

So, taxing people's real estate sux, with all sorts of unintended consequences. How do you feel about a "wealth tax"?