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Cicada

(4,533 posts)

24. Trump gets lower property tax on his home, we can adopt same exemption in CA

Reply to Sen. Walter Sobchak (Reply #18)

Sat Dec 30, 2017, 01:01 AM

Dec 2017

If you report less than $500,000 income on your New York State income tax return then the property tax you pay on your principal residence is automatically reduced. For the 5 years before 2017 Donald Trump got that automatic reduction on the property tax he pays on his home in Trump Tower. This break is a public record so we did not need to see his tax returns to know this.

We can easily protect homeowners who genuinely need the help you describe. But that protection is trivial compared to the massive unneeded and unfair tax reductions the non human, non rich, non home owners get from prop 13. Howard Jarvis pulled off one of the greatest con jobs of all times when he sold the bill of goods that prop 13 was a break for home owners hurt by rising property tax. That is NOT what prop 13 is really about. Jeez.

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California housing crisis affecting middle class the most: It's 'a broken system' [View all] ansible Dec 2017 OP

But SALT. n/t Igel Dec 2017 #1

Only ones loving this market in California are the realtors and their agents. Six percent on each demosincebirth Dec 2017 #2

They actually don't benefit from such a tight market, because there are many fewer sales. n/t pnwmom Dec 2017 #30

You make four sales a year of one million five and up, you should be doing pretty good. Don't demosincebirth Dec 2017 #34

You think that's typical? It isn't. And most sales have split commissions between 2 agents, pnwmom Dec 2017 #35

In general...you don't make the full 6% on expensive houses... Demsrule86 Dec 2017 #60

you didn't do any research on it, you didn't present any evidence, but you threw out some numbers CreekDog Dec 2017 #83

We can make this better Cicada Dec 2017 #3

OR sarah FAILIN Dec 2017 #4

I just can't stand snow, sorry ansible Dec 2017 #6

We RARELY have snow and it's gone by lunch most the time. sarah FAILIN Dec 2017 #8

I lived in Georgia for a number of years and heard how awful Alabama was on a daily basis... Demsrule86 Dec 2017 #62

MOST of us are very nice sarah FAILIN Dec 2017 #82

There are jerks everywhere. I thought it was a nice state with friendly people. Demsrule86 Dec 2017 #84

Thank you sarah FAILIN Dec 2017 #88

Leaving CA costs the economy a super ton Cicada Dec 2017 #15

What you're talking about sounds like land seizure to me sarah FAILIN Dec 2017 #17

All tax is seizure. So what? Tax can improve general welfare. Cicada Dec 2017 #19

This is the funniest thing I've read here. sarah FAILIN Dec 2017 #28

The king of England used to grant monopolies, we do that with land Cicada Dec 2017 #37

Are you aware of this thing we had with England..a Revolutionary war???? sarah FAILIN Dec 2017 #87

But we DO follow those old royal laws, thats my point Cicada Dec 2017 #112

No we do not sarah FAILIN Dec 2017 #113

Is the small number of cell phone providers reality? Cicada Dec 2017 #114

There are LOTS of cell phone providers. sarah FAILIN Dec 2017 #115

There are only 4 national mobile networks plus a regional one Cicada Dec 2017 #117

Eminent domain. The owner of the land is entitled to just compensation. Sophia4 Dec 2017 #46

Interesting argument Cicada Dec 2017 #53

The original owner gets paid in a taking, but the taking happens. Sophia4 Dec 2017 #78

I know all about eminent domain, but this is different sarah FAILIN Dec 2017 #81

The government takes the land and then either builds the apartments or sells it Sophia4 Dec 2017 #90

I'm going by what someone who lives there said here, but sarah FAILIN Dec 2017 #94

They dissolved the redevelopment agencies, but the Fifth Amendment which Sophia4 Dec 2017 #95

The 5th doesn't actually say that sarah FAILIN Dec 2017 #97

I agree. The 5th doesn't say that. Sophia4 Dec 2017 #98

I don't agree with it either sarah FAILIN Dec 2017 #100

Very true. But I went to high school in Alabama and a team of horses Sophia4 Dec 2017 #101

I understand sarah FAILIN Dec 2017 #103

High points were Dauphin Island and the music programs in my school and church. Sophia4 Dec 2017 #104

I agree with you...It is stealing. Demsrule86 Dec 2017 #63

Where is all this magical land people are talking about building on? I've lived in California all politicaljunkie41910 Dec 2017 #32

No. Developers would happily build a thousand 50 story apartment buildings in San Francisco. Cicada Dec 2017 #38

You are aware most of San Francisco is a sand dune right? Sen. Walter Sobchak Dec 2017 #48

I did not know that more than a small part is a sand dune. Cicada Dec 2017 #50

Bravo Fla_Democrat Dec 2017 #61

This is the most sensible thing I have ever read here. Queen of the Iceni Dec 2017 #118

Places in demand come with high price tags. Demsrule86 Dec 2017 #64

In spite of the housing crisis, people like to live in California because it's Sophia4 Dec 2017 #43

But those places arent California. Codeine Dec 2017 #116

I'm just going to guess you're unfamiliar with Prop 13 Sen. Walter Sobchak Dec 2017 #9

Prop 13 is a disaster and should be repealed Cicada Dec 2017 #16

Prop 13 is more essential now than ever Sen. Walter Sobchak Dec 2017 #18

How many out of state corporations will be homeless? We can exempt based on income. Cicada Dec 2017 #22

Taxing out commercial and industrial land uses is hardly desirable Sen. Walter Sobchak Dec 2017 #25

The beneficiaries of prop 13 are mostly out of state corporations and rich people Cicada Dec 2017 #27

The beneficiaries of Prop 13 are anyone not flipping real estate Sen. Walter Sobchak Dec 2017 #47

How about deferring extra property tax until you sell? Cicada Dec 2017 #80

And if my house is worth significantly less when I sell... Sen. Walter Sobchak Dec 2017 #89

Trump gets lower property tax on his home, we can adopt same exemption in CA Cicada Dec 2017 #24

That is true...California is a remarkable place... Demsrule86 Dec 2017 #65

Doing away with Prop 13 with today's California housing prices would force Sophia4 Dec 2017 #44

We can exempt the old, those humans not rich from repeal Cicada Dec 2017 #49

Bad idea. You would shut out more people than you would help. Demsrule86 Dec 2017 #67

So what if corporations and the rich pay a fair tax on their real estate? Cicada Dec 2017 #72

California's economy is doing well. I think that maybe they must be doing something right... Demsrule86 Dec 2017 #85

Cities have laws making affordable housing mandatory when condominiums and other developments demosincebirth Dec 2017 #36

I rented to some people from Ca once sarah FAILIN Dec 2017 #5

No Thanks The River Dec 2017 #14

++++++++++++++++++++++++++++++++++++++++++++++++++++++++ still_one Dec 2017 #56

That is a bit unfair...you have police shootings in California...lots of them. Demsrule86 Dec 2017 #68

California's poor flock to Texas as West Coast homes and jobs fall out of reach snooper2 Jan 2018 #121

Then why mention that they were "loony toons" if that is besides the point? unless of course that still_one Dec 2017 #55

They were republicans.. sarah FAILIN Dec 2017 #91

Wanna know what can relieve the housing crunch in CA? Yavin4 Dec 2017 #7

Not with the system we're proposing to build Sen. Walter Sobchak Dec 2017 #10

Then re-do the proposal. n/t Yavin4 Dec 2017 #11

Godspeed to whoever takes that on Sen. Walter Sobchak Dec 2017 #12

+1 Nevernose Dec 2017 #20

There are really cheap areas north of San Jose as well. Yavin4 Dec 2017 #21

Really cheap areas north of San Jose? DonaldsRump Dec 2017 #45

no they aren't. A good number of people comute from Stockton, Lodi, etc, and those places are still_one Dec 2017 #57

Farther North. Think Stockton. Think Sacramento. Yavin4 Dec 2017 #74

Ha, not so much anymore shanti Dec 2017 #107

Excellent point Cicada Dec 2017 #40

That is true...we were supposed to get one in Ohio before Kasich...and of course he ended the it Demsrule86 Dec 2017 #69

That is 100 percent true. roamer65 Dec 2017 #92

I live in rural California. jeffreyi Dec 2017 #13

i'm thinking of it JI7 Dec 2017 #29

Portland OR is the same way nt Tavarious Jackson Dec 2017 #23

A couple of thoughts. PoindexterOglethorpe Dec 2017 #26

The developers want prime real estate or nothing, they're happy to destroy communities flamingdem Dec 2017 #31

If developers were permitted to build 100o 50 story apartment buildings in Santa Monica .. Cicada Dec 2017 #41

I would actually love to see that in Santa Monica Sen. Walter Sobchak Dec 2017 #51

I agree with you about the airport for reasons of history and also flamingdem Dec 2017 #76

You are wrong on this. It's demographics plus Silicon Beach employees flamingdem Dec 2017 #77

Demand raises prices but supply lowers them Cicada Dec 2017 #79

Not with a limited item that is sought after flamingdem Dec 2017 #106

You speak the real world, I dream of the future Cicada Dec 2017 #111

I can't speak for CA crazycatlady Dec 2017 #58

I would recommend your thread, except you use Fox News as a news source.... Pachamama Dec 2017 #33

I dont watch Fox News. My sources include Paul Krugman on this. Cicada Dec 2017 #39

You missed my point.... Pachamama Dec 2017 #42

Fox News? I didnt know they ever said anything about this. Cicada Dec 2017 #54

Unfortunately, this has been going on for some time. Unless someone got into the housing market still_one Dec 2017 #52

Fox News? Are you serious? Demsrule86 Dec 2017 #59

Successful for a handful of people while fucking over the rest of us ansible Dec 2017 #66

New York is not much different...places in demand cost more. Demsrule86 Dec 2017 #70

I think as some suggested a high speed rail is the answer...I went to High School in expensive Demsrule86 Dec 2017 #71

This is one of the reasons my employer moved out of CA Kilgore Dec 2017 #73

I see a great downside when corporations pay zero corporate taxes. Demsrule86 Dec 2017 #86

Seems to work in WA state Kilgore Dec 2017 #96

What is going on in California works too...but some say it isn't fair... Demsrule86 Dec 2017 #99

Our utilities for all 12 months near the Coast in So Cal average Tikki Dec 2017 #102

If you want to live inland, yes shanti Dec 2017 #108

Like I posted...not on the Coast and not with acreage... Tikki Dec 2017 #109

Kick ck4829 Dec 2017 #75

The emasculation of the SALT deduction may pop the CA housing bubble. roamer65 Dec 2017 #93

We live in Northern California in the Sierra Nevada foothills. Polly Hennessey Dec 2017 #105

What a beautiful area. roamer65 Dec 2017 #110

Depends on where you live in CA Bayard Jan 2018 #119

I know it had to be absolutely beautiful there. Duppers Jan 2018 #120