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4plexowner
Participantthere are issues with Prop 13 – it could well be reformed
commercial real estate very rarely gets re-assessed for tax purposes because of Prop 13 – the property is held inside a corp or LLC – the corp or LLC is sold but, the way Prop 13 currently works, the property held inside the corp / LLC DID NOT CHANGE HANDS and therefore no tax re-assessment is triggered
another injustice of Prop 13: person has owned residential real estate in CA for 30 years – tax increases on the property are limited by Prop 13 but the tenants living in those properties are paying rents based on TODAY’S cost of living which includes property taxes – ie, the long-term landlord is collecting today’s property taxes (in the form of rents) but only paying yesterday’s property taxes to the city – the landlord is shifting the burden of supporting those tenants onto the rest of the tax-payers
because Prop 13 limits the re-assessment of property values, cities try to expand their tax basis by building new sub-divisions, strip malls and big-box stores – thus we have the ever-expanding suburbs and all the commercial properties that now have ‘For Lease’ signs in their windows [stay tuned for the crash of the commercial real estate market – coming soon to a theater near you]
just making the point that Prop 13 is NOT just a symptom, it is one of the contributing factors to the economic woes being felt in CA right now
Participantthere are issues with Prop 13 – it could well be reformed
commercial real estate very rarely gets re-assessed for tax purposes because of Prop 13 – the property is held inside a corp or LLC – the corp or LLC is sold but, the way Prop 13 currently works, the property held inside the corp / LLC DID NOT CHANGE HANDS and therefore no tax re-assessment is triggered
another injustice of Prop 13: person has owned residential real estate in CA for 30 years – tax increases on the property are limited by Prop 13 but the tenants living in those properties are paying rents based on TODAY’S cost of living which includes property taxes – ie, the long-term landlord is collecting today’s property taxes (in the form of rents) but only paying yesterday’s property taxes to the city – the landlord is shifting the burden of supporting those tenants onto the rest of the tax-payers
because Prop 13 limits the re-assessment of property values, cities try to expand their tax basis by building new sub-divisions, strip malls and big-box stores – thus we have the ever-expanding suburbs and all the commercial properties that now have ‘For Lease’ signs in their windows [stay tuned for the crash of the commercial real estate market – coming soon to a theater near you]
just making the point that Prop 13 is NOT just a symptom, it is one of the contributing factors to the economic woes being felt in CA right now
Participantthere are issues with Prop 13 – it could well be reformed
commercial real estate very rarely gets re-assessed for tax purposes because of Prop 13 – the property is held inside a corp or LLC – the corp or LLC is sold but, the way Prop 13 currently works, the property held inside the corp / LLC DID NOT CHANGE HANDS and therefore no tax re-assessment is triggered
another injustice of Prop 13: person has owned residential real estate in CA for 30 years – tax increases on the property are limited by Prop 13 but the tenants living in those properties are paying rents based on TODAY’S cost of living which includes property taxes – ie, the long-term landlord is collecting today’s property taxes (in the form of rents) but only paying yesterday’s property taxes to the city – the landlord is shifting the burden of supporting those tenants onto the rest of the tax-payers
because Prop 13 limits the re-assessment of property values, cities try to expand their tax basis by building new sub-divisions, strip malls and big-box stores – thus we have the ever-expanding suburbs and all the commercial properties that now have ‘For Lease’ signs in their windows [stay tuned for the crash of the commercial real estate market – coming soon to a theater near you]
just making the point that Prop 13 is NOT just a symptom, it is one of the contributing factors to the economic woes being felt in CA right now
Participantthere are issues with Prop 13 – it could well be reformed
commercial real estate very rarely gets re-assessed for tax purposes because of Prop 13 – the property is held inside a corp or LLC – the corp or LLC is sold but, the way Prop 13 currently works, the property held inside the corp / LLC DID NOT CHANGE HANDS and therefore no tax re-assessment is triggered
another injustice of Prop 13: person has owned residential real estate in CA for 30 years – tax increases on the property are limited by Prop 13 but the tenants living in those properties are paying rents based on TODAY’S cost of living which includes property taxes – ie, the long-term landlord is collecting today’s property taxes (in the form of rents) but only paying yesterday’s property taxes to the city – the landlord is shifting the burden of supporting those tenants onto the rest of the tax-payers
because Prop 13 limits the re-assessment of property values, cities try to expand their tax basis by building new sub-divisions, strip malls and big-box stores – thus we have the ever-expanding suburbs and all the commercial properties that now have ‘For Lease’ signs in their windows [stay tuned for the crash of the commercial real estate market – coming soon to a theater near you]
just making the point that Prop 13 is NOT just a symptom, it is one of the contributing factors to the economic woes being felt in CA right now
Participant“Charles Gibson, a gold expert at Edison Investment Research, argues in a new report that negative real interest rates (below inflation) in the US and beyond has upset the “leasing” machinery in the gold industry and led to a sustained market squeeze.”
the mention of negative real rates caught my attention – is the idea going viral? rates have been negative for years so this is not new info – interesting
amusing that he refers to the leasing of gold from the central banks as though it somehow makes sense in a healthy market – gold leasing will be another scam that will blow up in the next few years and it is magnitudes larger than the Madoff scam – the fraud being perpetrated in the silver and gold markets is being ignored by the CFTC which is the regulatory agency for those markets – several people are warning the CFTC about this condition but they are being ignored just like the SEC ignored the people who warned about Madoff [it amazes me that anyone can think that more govt or more regulators are going to help anything]
Participant“Charles Gibson, a gold expert at Edison Investment Research, argues in a new report that negative real interest rates (below inflation) in the US and beyond has upset the “leasing” machinery in the gold industry and led to a sustained market squeeze.”
the mention of negative real rates caught my attention – is the idea going viral? rates have been negative for years so this is not new info – interesting
amusing that he refers to the leasing of gold from the central banks as though it somehow makes sense in a healthy market – gold leasing will be another scam that will blow up in the next few years and it is magnitudes larger than the Madoff scam – the fraud being perpetrated in the silver and gold markets is being ignored by the CFTC which is the regulatory agency for those markets – several people are warning the CFTC about this condition but they are being ignored just like the SEC ignored the people who warned about Madoff [it amazes me that anyone can think that more govt or more regulators are going to help anything]
Participant“Charles Gibson, a gold expert at Edison Investment Research, argues in a new report that negative real interest rates (below inflation) in the US and beyond has upset the “leasing” machinery in the gold industry and led to a sustained market squeeze.”
the mention of negative real rates caught my attention – is the idea going viral? rates have been negative for years so this is not new info – interesting
amusing that he refers to the leasing of gold from the central banks as though it somehow makes sense in a healthy market – gold leasing will be another scam that will blow up in the next few years and it is magnitudes larger than the Madoff scam – the fraud being perpetrated in the silver and gold markets is being ignored by the CFTC which is the regulatory agency for those markets – several people are warning the CFTC about this condition but they are being ignored just like the SEC ignored the people who warned about Madoff [it amazes me that anyone can think that more govt or more regulators are going to help anything]
Participant“Charles Gibson, a gold expert at Edison Investment Research, argues in a new report that negative real interest rates (below inflation) in the US and beyond has upset the “leasing” machinery in the gold industry and led to a sustained market squeeze.”
the mention of negative real rates caught my attention – is the idea going viral? rates have been negative for years so this is not new info – interesting
amusing that he refers to the leasing of gold from the central banks as though it somehow makes sense in a healthy market – gold leasing will be another scam that will blow up in the next few years and it is magnitudes larger than the Madoff scam – the fraud being perpetrated in the silver and gold markets is being ignored by the CFTC which is the regulatory agency for those markets – several people are warning the CFTC about this condition but they are being ignored just like the SEC ignored the people who warned about Madoff [it amazes me that anyone can think that more govt or more regulators are going to help anything]
Participant“Charles Gibson, a gold expert at Edison Investment Research, argues in a new report that negative real interest rates (below inflation) in the US and beyond has upset the “leasing” machinery in the gold industry and led to a sustained market squeeze.”
the mention of negative real rates caught my attention – is the idea going viral? rates have been negative for years so this is not new info – interesting
amusing that he refers to the leasing of gold from the central banks as though it somehow makes sense in a healthy market – gold leasing will be another scam that will blow up in the next few years and it is magnitudes larger than the Madoff scam – the fraud being perpetrated in the silver and gold markets is being ignored by the CFTC which is the regulatory agency for those markets – several people are warning the CFTC about this condition but they are being ignored just like the SEC ignored the people who warned about Madoff [it amazes me that anyone can think that more govt or more regulators are going to help anything]
ParticipantI was wondering earlier why Mankiw would publish such rubbish
Was he just ‘spit-balling’ an idea, as a previous post suggests?
Was he meeting his “publish or perish” quota for the academic world and this is just a fluff piece?
Was he acting as a spokesperson for some group that wanted to float a trial balloon? Maybe the balloon wouldn’t be shot down as quickly if it floated up from the esteemed walls of academia instead of the banking sector?
~
“delusion of the ideological elite in its’ death throes”
this is a mixed blessing – while it will be nice to see them go, history says that their ‘fall back and punt’ strategy is to start a world war – war distracts the population from the collapsing economy and provides an enemy for the people to focus their anger on – don’t expect the elite to just take their marbles and go home
ParticipantI was wondering earlier why Mankiw would publish such rubbish
Was he just ‘spit-balling’ an idea, as a previous post suggests?
Was he meeting his “publish or perish” quota for the academic world and this is just a fluff piece?
Was he acting as a spokesperson for some group that wanted to float a trial balloon? Maybe the balloon wouldn’t be shot down as quickly if it floated up from the esteemed walls of academia instead of the banking sector?
~
“delusion of the ideological elite in its’ death throes”
this is a mixed blessing – while it will be nice to see them go, history says that their ‘fall back and punt’ strategy is to start a world war – war distracts the population from the collapsing economy and provides an enemy for the people to focus their anger on – don’t expect the elite to just take their marbles and go home
ParticipantI was wondering earlier why Mankiw would publish such rubbish
Was he just ‘spit-balling’ an idea, as a previous post suggests?
Was he meeting his “publish or perish” quota for the academic world and this is just a fluff piece?
Was he acting as a spokesperson for some group that wanted to float a trial balloon? Maybe the balloon wouldn’t be shot down as quickly if it floated up from the esteemed walls of academia instead of the banking sector?
~
“delusion of the ideological elite in its’ death throes”
this is a mixed blessing – while it will be nice to see them go, history says that their ‘fall back and punt’ strategy is to start a world war – war distracts the population from the collapsing economy and provides an enemy for the people to focus their anger on – don’t expect the elite to just take their marbles and go home
ParticipantI was wondering earlier why Mankiw would publish such rubbish
Was he just ‘spit-balling’ an idea, as a previous post suggests?
Was he meeting his “publish or perish” quota for the academic world and this is just a fluff piece?
Was he acting as a spokesperson for some group that wanted to float a trial balloon? Maybe the balloon wouldn’t be shot down as quickly if it floated up from the esteemed walls of academia instead of the banking sector?
~
“delusion of the ideological elite in its’ death throes”
this is a mixed blessing – while it will be nice to see them go, history says that their ‘fall back and punt’ strategy is to start a world war – war distracts the population from the collapsing economy and provides an enemy for the people to focus their anger on – don’t expect the elite to just take their marbles and go home
ParticipantI was wondering earlier why Mankiw would publish such rubbish
Was he just ‘spit-balling’ an idea, as a previous post suggests?
Was he meeting his “publish or perish” quota for the academic world and this is just a fluff piece?
Was he acting as a spokesperson for some group that wanted to float a trial balloon? Maybe the balloon wouldn’t be shot down as quickly if it floated up from the esteemed walls of academia instead of the banking sector?
~
“delusion of the ideological elite in its’ death throes”
this is a mixed blessing – while it will be nice to see them go, history says that their ‘fall back and punt’ strategy is to start a world war – war distracts the population from the collapsing economy and provides an enemy for the people to focus their anger on – don’t expect the elite to just take their marbles and go home
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