Posted on 09/11/2019 6:28:05 PM PDT by karpov
Something has got to give in CA. people are fleeing the state, businesses are fleeing the state the ONLY thing great about CA. any longer is the weather, I am here caring for a 90 yr. old mom as soon as my mom passes I am going to Idaho CAN’T WAIT!!! This state SUCKS it is hard to believe that Reagan was once the governor and we led the country in everything!!! So sad!!! This state is LOST for generations to come, it has gone way past the point of no return!!!
Not like this in Colorado... at least in the complex I live in. On the 2nd of the month, eviction notices and $75 per day late fees are common. Weekend or holiday? Landlord requires payment before the end of the prior month. And only 1 day to pay rent and other bills. Evictions by the 10th of the month. A shit-ton of absentee landlords from Communist China owning scores of apartment complexes. Evictions are incredibly easy and common.
One more thing, when rent control is imposed, rental property owners will find ZERO buyers if they put their properties up for sale. Real property values crash as a result but not tax-assessed values. Why is that?
Some posters here say a free market is the answer/ But that’s what someone on drugs thinks.
When a state government like California is paying fat checks to contract analysts to come up with ways to generate more tax revenues, any semblance of a free market is illusory as policymakers follow recommendations and hoard every tax dollar they can get their hands on.
CALPERS lost billions through risky investing back in the financial crisis mortgage meltdown catastrophe (and after as well) and then claimed they were not liable because the State must fund their pension programs regardless. There were ZERO consequences for their malfeasance and there were reports that certain CALPERS investment managers got very rich while losing billions for the fund. Prosecutors including Obama’s people refused to investigate or ordered any investigators in pursuit to stand down. The money lost by CALPERS came from business and property owners who in turn had to hike their prices and rents to compensate.
I have a house in AZ worth about $225k. In So. Cal., that same house would be worth about $1.2M. At 1.17%, that’s $14K per year in property taxes. More than $1,000 per month before any other expenses such as mortgage, utilities, insurance. That is a LOT of moola. I’ve never received $14,000 of service from the local or state government. Think of all the property in So. Cal. Why is the government always broke begging for more? What a scam. Government pensions will be the end of us.
What could go wrong?
Converting them to condos won’t do them any good the younger generation can’t afford to buy or get married they are under so much student debt buying is impossible!!! Unless you get into the tech industry in Northern Ca. businesses are fleeing CA. where the hell are these condo buyers going to work???
Start with LA Good luck. Liberal morons
You presume that they care about learning, or fixing problems, or helping the poor.
They ONLY want more authority and control and money coming into their coffers. This rent control idea nabs two our of three. Not bad, in their eyes.
LOL. Rent controls always help when there is a housing shortage.
Price controls to address a shortage caused by politically imposed structural obstacles. Truly mind-numbing stupidity. These people have learned nothing from the last 100 years.
NJ is in the same position as CA, and was also a great state at one time (with just an hour or two separating ocean beaches, mountains, farms, and cities/suburbs). Americans are fleeing, yet builders are still putting up huge multi-unit buildings - then politicians insist we need to keep the borders open to fill them.
Both states (and NY as well) are prime examples of how our country is being given away to foreigners as part of “The Great Replacement” - and also prime examples of how the dwindling American population is footing the bill.
“Would we have a Housing Crisis or Jobs Crisis if we deported the 5 Million Illegal Aliens in California??”
No, we would have a “Japan crisis” - a rapidly ageing population with all that entails. I don’t want illegals, or even many legal immigrants at all (they just drive down wages while driving up taxes here in NJ). The rationale of those trafficking these foreigners here is that they don’t want to deal with the real impact of the demographic disaster/birth dearth here: Closing of countless public schools, rising wages of a diminishing pool of workers, smaller populations to rule/”administer”, etc..
We aren’t just replacing Americans with foreigners in general; we are specifically replacing missing generations of American youth with foreign youth. Areas that are “majority-white” are rarely so for the under-20 demographic - and that threshold is steadily rising; increasingly, the under-30 demographic is majority-foreign as well.
Meanwhile, all California landlords are moving to Arizona.
When there’s no profit in real estate, there is no real estate.
There is not such thing as sanity in California
How did rent control work out in New York?
Atlas Shrugged in the making.
A veritable blitzkrieg of socialist legislation coming out of Sacramento these days.
I hope America is paying close attention to the lab experiment.
cal property taxes are low on a % basis. They beg for more but the increases on property taxes are very limited by prop 13
we don’t reassess unless you sell
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