Another California tax increase: Bill to tax refinancing to raise 250 million a year (Huntington Park: apartment, condos)

[BugsyPal]

Originally Posted by James Bond 007

Those aren't going to make a huge difference. The way to get housing costs under control in California would be to dramatically reduce its appeal, and for Silicon Valley to have a major crash. Either that or pave over the entire Central Valley with subdivisions (but then, that's already the cheapest part of the state so it's not going to happen either).

Basically, there is no solution that will have much of an impact.

Exactly!


People are moaning and so forth over rising housing prices here in NYC; and guess what? That is due to middle to high income persons once again wanting to live here.


It is simple economics 101; more desirable a place is the higher real estate values/costs. You see the same with places like Paris, London, Hong Kong, and so forth.

[skycaller23]

CA's answer to all their financial problems seems to be "tax them more" yet they never seem to dig themselves out of the hole.

[Haakon]

Originally Posted by evilnewbie

Let me get this right... the left claim sales tax is regressive and the left wants to raise sales tax... bunch of hypocrites and thieves...

Since Seattle has been Californicated they do it too. Call sales taxes regressive and then raise it on drinks they say the poor drink the most of, or try to raise the sales tax because the poor can't afford 'the arts'. Or even better, increase property taxes (making property more expensive) to try and make housing more affordable. The left has drunk the 1984 cool aid so deeply they can't tell up from down.

[desertdetroiter]

So what? And?

It costs money to run a state. If folks want services, they should pay for them.

[1AngryTaxPayer]

Originally Posted by theunbrainwashed

One of the best ways to get housing costs under control, do away with single family housing. California may be huge, but factor in the rough terrain, and the needed agricultural land, California doesn't have much land left. Single family housing needs to go.

They are already building condos where sfh used to be. Guess what, those aren't affordable either.



Bottom line is, no one is entitled to live in CA much the less the beach.

[1AngryTaxPayer]

Originally Posted by theunbrainwashed

Exactly. But, it's crunch time. people are so stupid. They complain about this and that, but when actual, workable solutions present themselves, all of a sudden everything is ok. There's nowhere left to build in much of SoCal until somebody figures out a way to flatten all the mountains within 5 miles of the coastline.

I'll say they are stupid. The solution for these poor whiners is right in front of them. Move. No "affordable" housing is going to be built near the beach. Not today, not tomorrow or the next year.

New condos within 10 miles of the beach are still 4-600 grand. And that's the cheap ones. One bedroom apartments being built across from the Mission Bay golf course have rents starting at 2500. 2 BR start at 3500 per month. Affordable?

Tuscon apartments start at 500 a month

https://www.google.com/search?q=tucs...hrome&ie=UTF-8

[FirebirdCamaro1220]

Originally Posted by 1AngryTaxPayer

They are already building condos where sfh used to be. Guess what, those aren't affordable either.



Bottom line is, no one is entitled to live in CA much the less the beach.

I hear people mention this all the time, except they don't think it through. That would basically cause all low wage industries in the state to shutdown, because the people who "can afford" to live in CA aren't going to work the low wage jobs, so if you are okay with movie theaters, grocery stores, bowling alleys, restaurants and other retailers going away, and having to have food and clothes mail ordered in from out of state, then have at it.....

[1AngryTaxPayer]

Originally Posted by FirebirdCamaro1220

I hear people mention this all the time, except they don't think it through. That would basically cause all low wage industries in the state to shutdown, because the people who "can afford" to live in CA aren't going to work the low wage jobs, so if you are okay with movie theaters, grocery stores, bowling alleys, restaurants and other retailers going away, and having to have food and clothes mail ordered in from out of state, then have at it.....

Did you catch the recent news about a house fire that housed 20 people? It appears they have found a way.

Won't bother me, a SFH owner at the beach, either way. Ever heard of Amazon? I get a package DELIVERED about once a day. Plus, I have my own giant garden with fruit trees, import my meats twice a year from AZ. I could care less about movies or restaurants. I have multiple big screens to watch movies. Anything else I'll get dropped off on my porch. Sounds like it will be by a drone soon.

Trust me, I've thought it through. The latest gas tax is going to hit the poor a lot harder than it will the likes of people like me.

[craigiri]

Originally Posted by lovecrowds

Seven Los Angeles County jurisdictions will be increasing the sales tax to 10.25 percent. I am sure if they had the same sales tax rate as Oregon, Montana or New Hampshire that people would have more to pay rent or mortgages.

I think Nashville was something close to 9% when I was there many years ago. Oh, it's 9.25% today - but I guess it's not worthy of a post, eh?

The problem here is this false assumption that money we earn is "ours". It's not and has never been. It's just a construct so we can trade and live...WHILST WE ARE ALIVE.

The entire refi biz, as far as I am concerned, is and was a complete scam. Of course, the gubment was in on it by lowering interest WAY under real market rates. My guess is that many of the "complainers" have benefited from lower interest rates - meantime those of us who owned our houses and businesses and cars 100% took the brunt (we couldn't earn interest - can't compete against "almost free").

The churning of refis is another dangerous game - lots of people make money each time this happens and yet no real improvement to society is gained. No new factories, no new schools, no better education populace...but some money flipped to bankers, refi agents, etc.

All of this stuff is part of the same problem - Americans simply do not want to pay for their lifestyles and they think the Gubment should do so by "saving them money" on their debts.

A more sane approach might be a VAT which covers the entire country and is, like other countries, not just on retail but on purchased items and supplies straight up the line. Then we can have universal health care, better education and better infrastructure - and actually pay for it.

But this won't happen. The USA is about "pleasure NOW and screw those future generations"...in the form of tax cuts, doing away with the Estate Tax, etc.

It's as if they think we fix problems by making them worse! Amazing!

[craigiri]

Originally Posted by skycaller23

CA's answer to all their financial problems seems to be "tax them more" yet they never seem to dig themselves out of the hole.

A "sport" among those who can't afford to live in nice places appears to be that they become "experts" in other people's business. The problem here is that this does not provide a solution - they still have to be miserable living in some backwater.