General Discussion

Sophia4

(3,515 posts)

90. The government takes the land and then either builds the apartments or sells it

Sat Dec 30, 2017, 05:27 PM

Dec 2017

to someone who will build the apartments. It is community redevelopment -- and that law is no longer in California I believe.

http://www.dof.ca.gov/Programs/Redevelopment/

Taxes are not capped to 1978 amounts for people who buy. Property taxes continue to increase annually but at a specific, limited percentage of the purchase value for people once they have purchased the property. As I understand it, that limitation also applies to corporations for properties they already own -- at least it used to.

But people who buy houses now will pay the property tax on the purchase amount they paid for the house.

You are correct that a private party cannot directly exercise eminent domain. But they can and do offer high prices for properties and then build on them.

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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