[Fearful]

Oh my god, the situation is much, much worse than you think. There are actually three houses side by side, each listed for $3.2M. Looks like the same floor plans, but different exteriors. Three ultramodern concrete boxes, appropriate for an urban setting, side by side in the middle of suburbia.

Look at the Google satellite view of the address to see what I mean: http://www.google.com/maps?q=5912%20Shaw%20Lopez%20Row,+92121

Whoever built them, and whoever buys one, is off their rocker. Someone is gonna lose their shirt on this one.

[Fearful]

Oh my god, the situation is much, much worse than you think. There are actually three houses side by side, each listed for $3.2M. Looks like the same floor plans, but different exteriors. Three ultramodern concrete boxes, appropriate for an urban setting, side by side in the middle of suburbia.

Look at the Google satellite view of the address to see what I mean: http://www.google.com/maps?q=5912%20Shaw%20Lopez%20Row,+92121

Whoever built them, and whoever buys one, is off their rocker. Someone is gonna lose their shirt on this one.

[Fearful]

Oh my god, the situation is much, much worse than you think. There are actually three houses side by side, each listed for $3.2M. Looks like the same floor plans, but different exteriors. Three ultramodern concrete boxes, appropriate for an urban setting, side by side in the middle of suburbia.

Look at the Google satellite view of the address to see what I mean: http://www.google.com/maps?q=5912%20Shaw%20Lopez%20Row,+92121

Whoever built them, and whoever buys one, is off their rocker. Someone is gonna lose their shirt on this one.

[Fearful]

[quote=njtosd]Our kids are now 7,9 and 11, but we are dependent on a yard where the kids can be outside without total supervision. … If your only choice is a park, one parent will always have to go to the park with them[/quote]

What you will regret is buying in such a crummy area that you cannot trust your kids alone in the neighborhood park.

[Fearful]

[quote=njtosd]Our kids are now 7,9 and 11, but we are dependent on a yard where the kids can be outside without total supervision. … If your only choice is a park, one parent will always have to go to the park with them[/quote]

What you will regret is buying in such a crummy area that you cannot trust your kids alone in the neighborhood park.

[Fearful]

[quote=njtosd]Our kids are now 7,9 and 11, but we are dependent on a yard where the kids can be outside without total supervision. … If your only choice is a park, one parent will always have to go to the park with them[/quote]

What you will regret is buying in such a crummy area that you cannot trust your kids alone in the neighborhood park.

[Fearful]

[quote=njtosd]Our kids are now 7,9 and 11, but we are dependent on a yard where the kids can be outside without total supervision. … If your only choice is a park, one parent will always have to go to the park with them[/quote]

What you will regret is buying in such a crummy area that you cannot trust your kids alone in the neighborhood park.

[Fearful]

[quote=njtosd]Our kids are now 7,9 and 11, but we are dependent on a yard where the kids can be outside without total supervision. … If your only choice is a park, one parent will always have to go to the park with them[/quote]

What you will regret is buying in such a crummy area that you cannot trust your kids alone in the neighborhood park.

[Fearful]

[quote=threadkiller]Just had to jump in and say I doubt every landlord has a business license. I made a u-turn in front of a bunch of apartments today, did I break the law? Ok maybe it was a 3 point turn.[/quote]
Business licenses are a completely different issue from company legal structure.

Many landlords do business as a sole proprietorship. This has no registration fees with the state.

If the landlord is an LLC, it is hard for me to imagine that it is okay for the LLC to not be registered in California. Owning the property and collecting rent is a business activity. Merely owning the property may not be an activity, as it is passive.

Franchise Tax Board is a good deal more aggressive about revenue collection than the local police that would be enforcing your metaphorical three point turn.

Maybe the original poster is using the LLC to shelter from estate taxes. You do that by putting assets in the LLC and then giving your heirs pro rata shares of the LLC – shares that are in total valued less than the initial value because part ownership is less valuable than controlling interest.

[Fearful]

[quote=threadkiller]Just had to jump in and say I doubt every landlord has a business license. I made a u-turn in front of a bunch of apartments today, did I break the law? Ok maybe it was a 3 point turn.[/quote]
Business licenses are a completely different issue from company legal structure.

Many landlords do business as a sole proprietorship. This has no registration fees with the state.

If the landlord is an LLC, it is hard for me to imagine that it is okay for the LLC to not be registered in California. Owning the property and collecting rent is a business activity. Merely owning the property may not be an activity, as it is passive.

Franchise Tax Board is a good deal more aggressive about revenue collection than the local police that would be enforcing your metaphorical three point turn.

Maybe the original poster is using the LLC to shelter from estate taxes. You do that by putting assets in the LLC and then giving your heirs pro rata shares of the LLC – shares that are in total valued less than the initial value because part ownership is less valuable than controlling interest.

[Fearful]

[quote=threadkiller]Just had to jump in and say I doubt every landlord has a business license. I made a u-turn in front of a bunch of apartments today, did I break the law? Ok maybe it was a 3 point turn.[/quote]
Business licenses are a completely different issue from company legal structure.

Many landlords do business as a sole proprietorship. This has no registration fees with the state.

If the landlord is an LLC, it is hard for me to imagine that it is okay for the LLC to not be registered in California. Owning the property and collecting rent is a business activity. Merely owning the property may not be an activity, as it is passive.

Franchise Tax Board is a good deal more aggressive about revenue collection than the local police that would be enforcing your metaphorical three point turn.

Maybe the original poster is using the LLC to shelter from estate taxes. You do that by putting assets in the LLC and then giving your heirs pro rata shares of the LLC – shares that are in total valued less than the initial value because part ownership is less valuable than controlling interest.

[Fearful]

[quote=threadkiller]Just had to jump in and say I doubt every landlord has a business license. I made a u-turn in front of a bunch of apartments today, did I break the law? Ok maybe it was a 3 point turn.[/quote]
Business licenses are a completely different issue from company legal structure.

Many landlords do business as a sole proprietorship. This has no registration fees with the state.

If the landlord is an LLC, it is hard for me to imagine that it is okay for the LLC to not be registered in California. Owning the property and collecting rent is a business activity. Merely owning the property may not be an activity, as it is passive.

Franchise Tax Board is a good deal more aggressive about revenue collection than the local police that would be enforcing your metaphorical three point turn.

Maybe the original poster is using the LLC to shelter from estate taxes. You do that by putting assets in the LLC and then giving your heirs pro rata shares of the LLC – shares that are in total valued less than the initial value because part ownership is less valuable than controlling interest.

[Fearful]

[quote=threadkiller]Just had to jump in and say I doubt every landlord has a business license. I made a u-turn in front of a bunch of apartments today, did I break the law? Ok maybe it was a 3 point turn.[/quote]
Business licenses are a completely different issue from company legal structure.

Many landlords do business as a sole proprietorship. This has no registration fees with the state.

If the landlord is an LLC, it is hard for me to imagine that it is okay for the LLC to not be registered in California. Owning the property and collecting rent is a business activity. Merely owning the property may not be an activity, as it is passive.

Franchise Tax Board is a good deal more aggressive about revenue collection than the local police that would be enforcing your metaphorical three point turn.

Maybe the original poster is using the LLC to shelter from estate taxes. You do that by putting assets in the LLC and then giving your heirs pro rata shares of the LLC – shares that are in total valued less than the initial value because part ownership is less valuable than controlling interest.

[Fearful]

[quote=kev374]Well apparently the operators were confused…I guess the rate was 0.2 cents a Kilobyte, or $.002/KB

.002 cents per KB doesn’t sound believable, at that rate a GIGABYTE of download would cost only $21 :D[/quote]
Pretty funny comment, given that the subject matter is innumeracy:

0.2 cents per KB
= $0.002 per KB
= $2 per MB
= $2,000 per GB

(yeah, I know 1 MB = 1,024 KB)

[Fearful]

[quote=kev374]Well apparently the operators were confused…I guess the rate was 0.2 cents a Kilobyte, or $.002/KB

.002 cents per KB doesn’t sound believable, at that rate a GIGABYTE of download would cost only $21 :D[/quote]
Pretty funny comment, given that the subject matter is innumeracy:

0.2 cents per KB
= $0.002 per KB
= $2 per MB
= $2,000 per GB

(yeah, I know 1 MB = 1,024 KB)

[Author]

Posts