The Fascist democrat party looking to CRUSH California first, your state may be next

[AKA_AAP]

High-Priced California is About to Get Even More Expensive

https://www.pacificresearch.org/high-priced-california-is-about-to-get-even-more-expensive/?gclid=Cj0KCQiAqbyNBhC2ARIsALDwAsCep1OjRxVQkYqX5Y5 gNImfEx0iEKOX-1whsxOrpng-5oAXZ5fZ9NEaAuJcEALw_wcB


and a single mom with two children must earn a heart-stopping $103,990. And these are California averages – coastal cities like San Francisco and Los Angeles run even higher.

California is the first one party state in the U.S., and the state where democrats test run their middle-class crushing policies which has led to: higher cost of living, higher crime, more homeless people, more taxes, higher taxes, more sex trafficking, more drugs, and big government corruption

[FultzNationRISE]

The goal is to get more and more people into publicly funded government housing.


Which will eventually becomes prisons.

[Off the Court]

Housing prices are dictated by the market and not by political parties. Another low IQ thread oh well maybe next time.

[BigKobeFan]

Housing prices are dictated by the market and not by political parties. Another low IQ thread oh well maybe next time.

You are stupid as ****. In california, there is a state wide rent control which becomes a disincentive to build or rent out homes. When theres no supply due to government control, what do you think happens to rent prices or housing in general

But but but free market you say

[AKA_AAP]

You are stupid as ****. In california, there is a state wide rent control which becomes a disincentive to build or rent out homes. When theres no supply due to government control, what do you think happens to rent prices or housing in general

But but but free market you say

Yeah, he's an idiot that thinks the free market always creates problems rather than excessive government control. He doesn't even know the California democrats control the supply of houses, condominiums, and apartments here. Nowhere does he even mention Proposition 13. He's just another broke low IQ idiot that echoes msnbc talking points.

[BigKobeFan]

Yeah, he's an idiot that thinks the free market always creates problems rather than excessive government control. He doesn't even know the California democrats control the supply of houses, condominiums, and apartments here. Nowhere does he even mention Proposition 13. He's just another broke low IQ idiot that echoes msnbc talking points.

or what about prop 19 that was used as a disguise for wildlife conservation to trick the dummies like off the court.

So now with prop 19, if i inherit a house from my parents, I have to get my property tax reassessed. With higher taxes, what do you think I will do with rental prices?

[fsvr54]

https://www.pacificresearch.org/high-priced-california-is-about-to-get-even-more-expensive/?gclid=Cj0KCQiAqbyNBhC2ARIsALDwAsCep1OjRxVQkYqX5Y5 gNImfEx0iEKOX-1whsxOrpng-5oAXZ5fZ9NEaAuJcEALw_wcB



California is the first one party state in the U.S., and the state where democrats test run their middle-class crushing policies which has led to: higher cost of living, higher crime, more homeless people, more taxes, higher taxes, more sex trafficking, more drugs, and big government corruption

That is an ABSURD cost of living. I have no idea how some people survive day to day

[j3lademaster]

or what about prop 19 that was used as a disguise for wildlife conservation to trick the dummies like off the court.

So now with prop 19, if i inherit a house from my parents, I have to get my property tax reassessed. With higher taxes, what do you think I will do with rental prices?Well, you either
a) make it your primary residence where your taxes won't be affected and rent your current home
b) sell it and invest the proceeds, which will help domestic investment while subsequently keeping housing pricing down(the more houses being sold the cheaper houses will be)
c) or rent it and just deal with the rent control law. I think it just affects how much you can raise rent? but it doesn't affect how much you set your initial price. Correct me if I'm wrong I'm not a law expert, but it looks to me like multi-year leases are not your friend here.

I can definitely see this trickling into other states. My wife's friend's parents just passed and left her a $1.8m free and clear house in upland and instead of dealing with the property tax she decided to sell and buy property out of state(forget which ones I think at least one of them is in Dallas). I don't know if enough people do this to create a big enough impact at a citywide level, but nonetheless if enough people are selling it does more to lower or control the price of housing rather than raising it.

[Off the Court]

What's happening in California can't trickle into most other states. The cost of living in Cali isn't higher than the cost of living in Mississippi because of evil Nazi Hitler Dems sorry. And housing shortages in the US aren't limited to just California it's common in many states right now. There is currently a huge housing shortage in Louisiana.

[BigKobeFan]

What's happening in California can't trickle into most other states. The cost of living in Cali isn't higher than the cost of living in Mississippi because of evil Nazi Hitler Dems sorry. And housing shortages in the US aren't limited to just California it's common in many states right now. There is currently a huge housing shortage in Louisiana.

Have you been to Nevada or Arizona. They are constantly building new houses and complexes. They are not subject to the laws of california. Hence there being no housing shortage and an ever expanding housing market.

However, those states are turning blue. its only a matter of time california laws dictate the policies there.

[BigKobeFan]

Well, you either
a) make it your primary residence where your taxes won't be affected and rent your current home
b) sell it and invest the proceeds, which will help domestic investment while subsequently keeping housing pricing down(the more houses being sold the cheaper houses will be)
c) or rent it and just deal with the rent control law. I think it just affects how much you can raise rent? but it doesn't affect how much you set your initial price. Correct me if I'm wrong I'm not a law expert, but it looks to me like multi-year leases are not your friend here.

I can definitely see this trickling into other states. My wife's friend's parents just passed and left her a $1.8m free and clear house in upland and instead of dealing with the property tax she decided to sell and buy property out of state(forget which ones I think at least one of them is in Dallas). I don't know if enough people do this to create a big enough impact at a citywide level, but nonetheless if enough people are selling it does more to lower or control the price of housing rather than raising it.

1. Not true. the minute you inherit the house while living in your current house will trigger the reassessment. That is why there is a document for when you change the deed to your name for the house.

2. Heaven forbid trying to invest in another property for residual income. That is the definition of the death of the middle class.

3. Rent it out...yes. That is the most likely option, thereby inflating the cost of living in california as stated in OP's post. Rent control laws are only subject to a 15% increase in price over the course of 3 years. You cannot evict without cause as done before, even on a month to month lease. Yes, you are right about setting your own initial price, but with so much restraint, why would you underprice?

[Off the Court]

Have you been to Nevada or Arizona. They are constantly building new houses and complexes. They are not subject to the laws of california. Hence there being no housing shortage and an ever expanding housing market.
There are housing shortages in both Arizona and Nevada :oldlol:

[BigKobeFan]

There are housing shortages in both Arizona and Nevada :oldlol:

Have you been to Arizona and Nevada? They are building CONSTANTLY. have you seen that happen in california? No. So stfu.

https://nlihc.org/housing-needs-by-state/arizona

wrong again....so only the poor cannot afford houses in arizona.

[BigKobeFan]

There are housing shortages in both Arizona and Nevada :oldlol:

I suspect you are Retard3...no one is this stupid and constantly shoot their own foot.

[Off the Court]

Been there? Like you've driven all over those states inspecting all the home construction :lol You just don't understand the housing market right now. For the most part the shortage is nation wide hence the cost of housing going up everywhere and not just California. The shortage is due to more remote working so more demand for a large homes and an influx of millennials with families wanting a house.

https://www.washingtonpost.com/business/2021/11/18/shortage-of-homes-to-buy/

In California the demand is large enough to completely price out the middle class and they are fleeing. While uber wealthy continue to move in. The lower class are stuck in Cali because they have no means to leave. So you are left with a mix of extreme rich and and extreme poor with no middle. This is a problem can could only be possible in a handful of states and is not something that could trickle on to most other states. Maybe New York, Oregon, a couple others but that's it.

[BigKobeFan]

Been there? Like you've driven all over those states inspecting all the home construction :lol You just don't understand the housing market right now. For the most part the shortage is nation wide hence the cost of housing going up everywhere and not just California. The shortage is due to more remote working so more demand for a large homes and an influx of millennials with families wanting a house.

https://www.washingtonpost.com/business/2021/11/18/shortage-of-homes-to-buy/

In California the demand is large enough to completely price out the middle class and they are fleeing. While uber wealthy continue to move in. The lower class are stuck in Cali because they have no means to leave. So you are left with a mix of extreme rich and and extreme poor with no middle. This is a problem can could only be possible in a handful of states and is not something that could trickle on to most other states. Maybe New York, Oregon, a couple others but that's it.

A severe lack of homes...that means NO ONE WANTS TO BUILD DUE TO RENT CONTROL LAWS

Per the statistics in arizona,

if you make 100% of Annual Median Income, you are 102% out of 100 to get a home. (no shortage).

93% out of 100 if you make 80% (no shortage)

49% at 50% of AMI....(means you can't afford it, if you make half of the annual median income) These people are not middle class.

the only people priced out in arizona are the homeless basically. So you are wrong.



In California the demand is large enough to completely price out the middle class and they are fleeing.

the middle class are fleeing california and going to arizona and nevada. yet, if you are middle class, which means you make more than AMI, you have a 102% out of 100 to buy a home. Smart one buddy.

[oldtimer28]

I suspect you are Retard3...no one is this stupid and constantly shoot their own foot.

Good point. Regardless, yes California seems a case study in the absurd.

[BigKobeFan]

There is currently a huge housing shortage in Louisiana.


https://thecurrentla.com/2021/housing-shortage-is-single-greatest-concern-in-louisiana-governor-says/


- shortage in housing is the single greatest concern in Louisiana with an estimated $2.5 billion in unmet housing needs due to Hurricane Ida on top of the $900 million

[Off the Court]

https://azbigmedia.com/real-estate/how-high-demand-for-housing-poses-challenges-for-working-class/

https://fred.stlouisfed.org/series/ATNHPIUS38060Q

https://fred.stlouisfed.org/graph/fredgraph.png?width=880&height=440&id=ATNHPIUS38060Q

[BigKobeFan]

https://azbigmedia.com/real-estate/how-high-demand-for-housing-poses-challenges-for-working-class/

https://fred.stlouisfed.org/series/ATNHPIUS38060Q

https://fred.stlouisfed.org/graph/fredgraph.png?width=880&height=440&id=ATNHPIUS38060Q

ok...prices went up per your graph. Still doesn't explain in the graph that you have a 102% chance out of 100 to get a house if you make the annual median income.

[Off the Court]

Arizona has more affordable housing than California because the demand is lower. It would need beautiful beaches and pristine weather to match Cali's demand, or maybe a tech hub like Silicon Valley. Arizona can't charge what California does because there would be no one there to buy anything. Housing prices can only go as high was what people are willing to pay if they go beyond that it causes a crash in the housing market.

[BigKobeFan]

Arizona has more affordable housing than California because the demand is lower. It would need beautiful beaches and pristine weather to match Cali's demand, or maybe a tech hub like Silicon Valley. Arizona can't charge what California does because there would be no one there to buy anything. Housing prices can only go as high was what people are willing to pay if they go beyond that it causes a crash in the housing market.

Yes...i agree that there is a pricing premium in california. But saying that the free market dictates the entire pricing of housing is ridiculous given the laws that don't favor building more supply

[j3lademaster]

1. Not true. the minute you inherit the house while living in your current house will trigger the reassessment. That is why there is a document for when you change the deed to your name for the house.are we specifically talking about prop 19? Because a tax hike on anything over $1mil has always been there, and is honestly a very outdated law, because most property in la, sf, and sd area are going to be 7 figures these days. Prop 19 triggers a tax reassessment on property under 1mil as well but you definitely do have a grace period to transfer it into your primary residence to avoid the increase in property tax. Also an assessor always lowballs value vs the market. Your parents $880k house probably gets over 1 mil in the market.

[j3lademaster]

are we specifically talking about prop 19? Because a tax hike on anything over $1mil has always been there, and is honestly a very outdated law, because most property in la, sf, and sd area are going to be 7 figures these days. Prop 19 triggers a tax reassessment on property under 1mil as well but you definitely do have a grace period to transfer it into your primary residence to avoid the increase in property tax. Also an assessor always lowballs value vs the market. Your parents $880k house probably gets over 1 mil in the market.


Transfers to children — On the other hand, Prop. 19 also eliminated most of the exemptions to transfer property to children. Effective February 16, 2021, all property transfers to children will be reassessed, with one limited exception for the transfer of a primary residence to a child, as long as the child uses the home as their primary residence. However, if the home is worth more than $1 million, an upward tax adjustment will occur. Previously, a parent had an unlimited ability to transfer a primary residence to their children, as well as other property of up to $1 million of assessed value, including commercial property. Use either Claim for Reassessment Exclusion for Transfer Between Parent and Child or Between Grandparent and Grandchild (a more limited exception).

https://aspiriant.com/fathom/wealth-planning/transferring-real-property-avoid-unexpected-tax-hike-california/

Ofc I’m not a lawyer. I can always be wrong, and I didn’t vet my source it was just a quick google search to confirm my hunch. Not allowing a grace period to transfer something into your permanent residence just sounded very wrong.

[Doomsday Dallas]

California Politicians Craft Nifty New Idea To Increase Housing Costs

Lawmakers are proposing to create a "California Dream Fund" that would subsidize up to 45 percent of the costs of a new home.

https://reason.com/2021/06/04/california-politicians-craft-nifty-new-idea-to-increase-housing-costs/


You can afford a home there now, the state will just own half of it.

and Biden's Build Back Better plan will add another $150 billion towards affordable housing... which California will get most of.

Middle Class will be just fine. The Government (state & federal) never lets a good crisis go to waste. They'll get the problem fixed.

[Nanners]

California Politicians Craft Nifty New Idea To Increase Housing Costs

Lawmakers are proposing to create a "California Dream Fund" that would subsidize up to 45 percent of the costs of a new home.

https://reason.com/2021/06/04/california-politicians-craft-nifty-new-idea-to-increase-housing-costs/


You can afford a home there now, the state will just own half of it.

and Biden's Build Back Better plan will add another $150 billion towards affordable housing... which California will get most of.

Middle Class will be just fine. The Government (state & federal) never lets a good crisis go to waste. They'll get the problem fixed.

as darth schwab says "you will own nothing and be happy"