February 5, 20223 yr 7 hours ago, paco said: Property taxes and property value isn't tightly correlated. Mostly because assessments aren't done annually. For example, using fake numbers (and roughly accurate ratios), when we bought our beach condo it cost us $100 and the property taxes were assed at a value of $250, before the real estate crash and hurricane sandy. We challenged them and got tax assessment down to $120. We sold it last August for $200 (due to a combination of the market and the improvements we made) but the taxes stayed at the assessment of $125. This didn't stop us from raising the rent. (We did short term rentals). Additionally we are renting out our old townhouse to a young couple for X amount. Five years from now our property could be worth more due to the market, but it's likely that we will keep the rate there if they are still there and good tenants. So.... Owners are the ones who care about the taxes, not the people who rent them. It's coming out of their pocket. People who invest in Real Estate want property values to increase, not decrease..... Hence they wouldn't sabotage things by firing a gun off to scare away buyers and investors. Gentrification is a good thing
February 6, 20223 yr 1 hour ago, lynched1 said: The Star Trek kids aren't going to get that one. There’s a lot of things Star Trek kids won’t get. Girlfriends, for one example.
February 6, 20223 yr 1 hour ago, Boogyman said: Killed some Simpsons bowling with Apu at the arcade today. the alley where Vikas goes bowling should get a higher quality cam
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