Why doesn’t the Marine Corps Air Station along the 15, relocate to have the land developed? (Newport Beach: 2013, home)

[newgensandiego]

Originally Posted by Axxlrod

Boomers are "hoarding" their wealth because they made it. It's theirs; not yours. You just want them to give it to you because you'd rather complain than go work for it.

Let me guess... you want them to spread it around a little bit?

Wealth that has conveniently accumulated by not paying their fair share of property taxes and getting subsidies on mortgages.

Last time I checked, that's a huge subsidy from recent homebuyers and renters when it comes to taxes

I don't want a redistribution of their wealth. Boomers need to keep their money as they age because they'll have fixed incomes.

What I want is for them to stop making it their personal mission to limit new housing in their neighborhoods. I also want them to pay their fair share in property taxes.

We also need to end the mortgage interest deduction for all people.

[1AngryTaxPayer]

Look at all this new home construction in San Diego.

Who's got a spare 700 - 950 grand laying around?


https://www.buzzbuzzhome.com/us/unit...iego-new-homes



Or 4 million? https://www.buzzbuzzhome.com/us/pacific-gate

Just how much in property taxes are people paying for a 4 million dollar condo? How many people under 30 can afford a 4 million dollar condo? Who's paying the lion share of property taxes? My neighbor, now 90s, said he bought his place in 1957 for 20 grand and he was making squat in the Navy. Take a look at this chart.

https://www.navycs.com/charts/1955-m...pay-chart.html

Meanwhile in the lone star state https://www.realtor.com/realestatean...Tyler_TX/sby-1

[hitman619]

Originally Posted by newgensandiego

Wealth that has conveniently accumulated by not paying their fair share of property taxes and getting subsidies on mortgages.

Last time I checked, that's a huge subsidy from recent homebuyers and renters when it comes to taxes

I don't want a redistribution of their wealth. Boomers need to keep their money as they age because they'll have fixed incomes.

What I want is for them to stop making it their personal mission to limit new housing in their neighborhoods. I also want them to pay their fair share in property taxes.

We also need to end the mortgage interest deduction for all people.

You're on to something kid, but sadly just mentioning getting rid of Prop 13 to Boomers might get you Buried in the Desert in a unmarked grave

Originally Posted by 1AngryTaxPayer

Look at all this new home construction in San Diego.

Who's got a spare 700 - 950 grand laying around?


https://www.buzzbuzzhome.com/us/unit...iego-new-homes



Or 4 million? https://www.buzzbuzzhome.com/us/pacific-gate

Just how much in property taxes are people paying for a 4 million dollar condo? How many people under 30 can afford a 4 million dollar condo? Who's paying the lion share of property taxes? My neighbor,now 90s, said he bought his place in 1957 for 20 grand and he was making squat in the Navy. Take a look at this chart.

https://www.navycs.com/charts/1955-m...pay-chart.html

Meanwhile in the lone star state https://www.realtor.com/realestatean...Tyler_TX/sby-1

The poor guy still had it made in the shade if he was an E5 and with 8 years in
20k Mortgage at 4.75% was $104 a month
Anything under that and he wouldn't of Qualified

What was the average salary in 1950?

In 1950 a new house cost $8,450.00 and by 1959 was $12,400.00 More House Prices.
In 1950 the average income per year was $3,210.00 and by 1959 was $5,010.00.
In 1950 a gallon of gas was 18 cents and by 1959 was 25 cents.
In 1950 the average cost of new car was $1,510.00 and by 1959 was $2,200.00.
Mortgage rates were 4.75 % in the 50's

[1AngryTaxPayer]

Originally Posted by hitman619

You're on to something kid, but sadly just mentioning getting rid of Prop 13 to Boomers might get you Buried in the Desert in a unmarked grave


The poor guy still had it made in the shade if he was an E5 and with 8 years in
20k Mortgage at 4.75% was $104 a month
Anything under that and he wouldn't of Qualified

My original mortgage in 1998 was a little over 800 bucks!! If I had known what was going to happen I would have bought 5 of em

Alas, can't turn back that clock. I was pricing a box of nails at HD and it was 8 BUCKS for lil tiny box.

[Axxlrod]

Originally Posted by newgensandiego

Wealth that has conveniently accumulated by not paying their fair share of property taxes and getting subsidies on mortgages.

Last time I checked, that's a huge subsidy from recent homebuyers and renters when it comes to taxes

I don't want a redistribution of their wealth. Boomers need to keep their money as they age because they'll have fixed incomes.

What I want is for them to stop making it their personal mission to limit new housing in their neighborhoods. I also want them to pay their fair share in property taxes.

We also need to end the mortgage interest deduction for all people.

You're young and you have a chip on your shoulder. I get it. You'll change your tune once you get a seat at the table.

You're painting with a very broad brush here. I'm no boomer, but to say I'm not paying my fair share of property taxes is laughable. $18K per year for my house in prop taxes. You think I use that much $$$ in city/county services? I'd say I'm paying way more than my fair share, but I'm not complaining. I'll pay whatever the govt says I have to. Just like all those boomers who you saying aren't paying their fair share.

[TacoSoup]

Originally Posted by Axxlrod

You're young and you have a chip on your shoulder. I get it. You'll change your tune once you get a seat at the table.

You're painting with a very broad brush here. I'm no boomer, but to say I'm not paying my fair share of property taxes is laughable. $18K per year for my house in prop taxes. You think I use that much $$$ in city/county services? I'd say I'm paying way more than my fair share, but I'm not complaining. I'll pay whatever the govt says I have to. Just like all those boomers who you saying aren't paying their fair share.

Exactly. Some people just assume everyone has been in their house for decades paying nothing in taxes. If they were to do any real research on this subject, and not just anecdotal click bait articles, they’d learn that the high turnover rate, coupled with high property values, gives the state plenty of property tax revenue. This has been proven countless times over with real numbers.

If they think a change in prop 13 is gonna lower their income tax, or sales tax, they’re not only ignorant, they’re delusional. If they’re hoping it’s gonna put houses on the market, with lower prices, there’s some truth to that, but they’ll be even more costly than they are now with the increase in property tax. Go talk to my in-laws in NY about property tax, and affordability.

Furthermore if they had any clue to how a amortization schedule works for a mortgage they’d realize the interest write off is nill when their property tax bill might be disproportionate to others 20 years later. To say people are building their wealth off low property tax bills, and interest write offs, is comical.

[spoonman1]

I think there is a middle ground here folks. Nobody wants to drag grandma out of her house because she isn't paying enough taxes (at least we hope not). On the other hand, it could be argued that some very bad policies have been implemented in California (this is a no brainer, right?).

I would argue that the lax property tax policy has added fuel to the fire of high home prices. This, coupled with policies that stifle development and drive up the cost of new housing are large contributing factors toward younger generations not being able to purchase homes. We can argue that boomers are greedy, or millennials are lazy, but the policies are really the factors here. People are simply taking advantage of their circumstances, for better or worse.

Personally I have left the state to start a better life elsewhere. I was raised in California, graduated college, make a mid six figure salary, and yet cannot afford to comfortably raise a family in this city. I can see how it is frustrating for people that can't afford a house when they earn several times as much as some current homeowners, many of which are pushing back against building more housing. I can see both sides and unfortunately everyone is acting in their own self interest, but that is capatalism and why we are not all living in boxes (yet) like socialists. I said screw it, I'm not going to pay someone for their overpriced house. I'll start over elsewhere.

[hitman619]

Originally Posted by spoonman1

I think there is a middle ground here folks. Nobody wants to drag grandma out of her house because she isn't paying enough taxes (at least we hope not). On the other hand, it could be argued that some very bad policies have been implemented in California (this is a no brainer, right?).

I would argue that the lax property tax policy has added fuel to the fire of high home prices. This, coupled with policies that stifle development and drive up the cost of new housing are large contributing factors toward younger generations not being able to purchase homes. We can argue that boomers are greedy, or millennials are lazy, but the policies are really the factors here. People are simply taking advantage of their circumstances, for better or worse.

Personally I have left the state to start a better life elsewhere. I was raised in California, graduated college, make a mid six figure salary, and yet cannot afford to comfortably raise a family in this city. I can see how it is frustrating for people that can't afford a house when they earn several times as much as some current homeowners, many of which are pushing back against building more housing. I can see both sides and unfortunately everyone is acting in their own self interest, but that is capatalism and why we are not all living in boxes (yet) like socialists. I said screw it, I'm not going to pay someone for their overpriced house. I'll start over elsewhere.

I'm with this man
Blaming one Generation for another is dumb and Divisive. These Liberal Policies in place are the blame here.

[spoonman1]

Originally Posted by hitman619

I'm with this man
Blaming one Generation for another is dumb and Divisive. These Liberal Policies in place are the blame here.

Thanks.

I must say that newgensandiego made some very fair points, as did others. Perhaps I'm wrong about this though, but newgensandiego seems to have a bit of a liberal bent hinting at blaming Trump or others. I understand being upset about the state of housing as I was largely in the same boat.

At the risk of sounding condescending though, this really is a teachable moment for everyone, liberals in particular. If you look at this issue of housing, it is the government's fault (and often times liberals that voted for the gov't) that we are in this state. The government controls taxation, the government controls where and what you can build, the arduous permitting process, and the government now controls who can and cannot live in the houses ("affordable" housing). If that wasn't enough the gov't also charges you $1/gallon more here for gas due to taxes, compounding the affordability problem.

People that do not own homes should be asking for less government interference, not more. The government isn't going to build you a house, but they will muck everything up by stifling development and taking houses off the market to give to those few they deem fit.

I'm hopeful that people will learn from this and realize that government is the problem, not the solution.

[1AngryTaxPayer]

Speaking of the government blunders. They want to plop down "affordable housing" , is this the new pc term for HUD or section 8, in Point Loma where the average house runs for close to a million. I mean, section 8 on the coastline? Really?

They pulled a bait and switch in a new gated community in Del Mar where the homes were all 1 -3 million. What they didn't tell anyone was the last phase of the build was section 8/low income. People were p*ssed. Sure enough within a month after these rentals were rented out crime and graffiti INSIDE the gated community.