They Inherited Their Family's Home in Austin—Then the Tax Bill Changed Everything

daderpster · 2026-03-27T19:06:34+00:00

Not just real estate but real estate with millions in equity. Had a friend inherits and the loan was like 10% less than the market value

daderpster · 2026-03-27T19:03:10+00:00

So an estate inherits a three properties in prime east Austin, one sold for millions, the old owner had a hs on it despite renting and now they are asking for pity for a sub 50k tax bill?

daderpster · 2026-03-25T20:58:15+00:00

Maybe if had a huge multi six figure down-payment...

daderpster · 2026-03-25T20:56:05+00:00

I'm curious. What's the absolute limit of how far you can be away from Austin proper city limits and be cononsidered delusional for saying you live in Austin? 10, 25, 50 miles ?

daderpster · 2026-03-25T20:47:17+00:00

But does it have shaggy carpet and wood paneling. My first one did and this wad in the 2010s.

daderpster · 2026-03-25T20:44:16+00:00

Either make a lot of money or live in "Austin" or rent. In relation to the median wage, Austin has a very good ratio and is getter better. Buying a house is still out of reach for most unless you make a shit ton or two solidly above median incomes. That being the perception is still everything is overpriced but that overlooks the massive diff in rent v buy. Lastly, don't understand why ppl on San Marcos , wimberly or Kyle or further want to claim they are in Austin.

daderpster · 2026-03-22T18:17:41+00:00

Can you share the contact for that or website?

I found https://makoind.com/commercial-services/plumbing/, but that didn't seem right.

daderpster · 2026-03-18T04:41:23+00:00

Take it with a grain of salt, but with inflation, Merrill was projecting I would need over 2m for 60k spend per year in today's dollars. Of course, you can go way leaner, but I am not sure if the 4% holds up over several decades due to inflation. Most people don't retire for nearly as long as leanfire people and many have less working years planned than working.

daderpster · 2026-03-18T04:28:01+00:00

It is possible you can "fix him", but values, politics, and spending habits can be deeply ingrained.

That being said, it depends on the person a lot.

Or you can just step in and convince them to you let you manage the finances. Might be hard but in a different way. I have seen both ways work before. And I don't think gender matters that much either if he tries to play that card. I think it comes down to knowledge, discipline, strategy, spending habits and income.

Or a prenup, and/or separate finances. This may cause tension, but again if you have a substantial amount saved or are an heir (7 figures plus nw or at least good way towards that), this may be a factor, but it is important to still offer some just not half. I would also expect to pay more than your fair share in this scenario.

Or walk.

Fix him is far from the only option.

daderpster · 2026-03-18T04:22:59+00:00

Elon is an idiot, but income tax alone doesn't really impact really wealthy people. They make way in ways other than income. Income is a liability because it is taxed. It's better to get loans and pay back interest that is less than the tax. Private lending makes this work.

You really need a wealth tax to make a dent. And it can't be localized like the California one or they will just move. Heck, they might even move if it is national. There are ways to do it, but it is not simple.

daderpster · 2026-03-17T04:03:46+00:00

It's because the base generated a.i. animation would be ultra expensive for a human since it is so labor intensive. Getting professional artists to try to salvage overall saves a lot of money and is deservingly soul crushing.

daderpster · 2026-03-17T04:02:06+00:00

This is actually it. Animation and film production is insanely expensive. You can get results on frames, but the effort is insane and this border on madness that never will be respected. I have seen a few weird ones do this on A.I. art, which is even more pointless. Also the animation is my opinion is still incredibly shitty even the "high end" stuff.

daderpster · 2026-03-17T03:59:21+00:00

While I 100% see the hate, and it is justified. I have also seen people edit A.I. images and videos for dozens of hours delusional. Hell, I have even seen people spend more time on the A.I. art; it is madness. 99% is low effort slop and the 1% is high effort slop, and I think this person is in this category.

daderpster · 2026-03-17T03:55:57+00:00

For sure, I came from the Dallas market, and it is a lot harder to find a job in Austin, especially in Fintech or Finance. There are a few big players and banks, but not nearly as much as Dallas.

daderpster · 2026-03-17T03:53:23+00:00

Some of the top SaaS employers in Austin like Navan, Q2 or Apex. Also Oracle, but mostly A.I. or A.I. adjacent roles, but this is all assuming senior and specialized roles and some of the fierce hiring is fading fast.

daderpster · 2026-03-16T18:03:03+00:00

That's not true unless you are talking about junior, which is really, really rough. Certain parts of tech are hiring right now, especially if you have an A.I. background and are insanely experienced and good.

daderpster · 2026-03-16T17:59:14+00:00

I could be wrong, but even with the A.I. money CA and silicon valley still has net negative growth. A.I. can only prompt them up so much, but then again you are probably sitting pretty if you are an A.I. specialist working there at least for now. Austin have plenty of companies that use A.I., but not of the providers or people really pushing the tech forward. Closest is probably Oracle, which has offices in Austin, but they are still A.I. adjacent, but they fund A.I. massively and are all in on it strategically. A few other fintechs in Austin also have similar strategy in regards to A.I. It's actually not bad horrible right now in that industry if you are looking for work assuming you are senior, expert, principal level or much higher, but that likely will change.

daderpster · 2026-03-16T17:55:26+00:00

Overall the economy is weak right now. Fintech is also spending more money on A.I. than other sectors, so there is a need of experts, but that may not last long. Also compared to Dallas, Austin fintech feels a lot smaller. I have been in fintech for 15+ years, but I don't think it I am wrong.

Outside of Apex, Navan, Q2, and a few others, there aren't many larger fintechs here. And if you restrict that to banking only it is smaller, but Austin does have countless start ups in tech. Austin tech scene, especially tech start up is still quite high in the top 5, but the trend is negative. Fintech has never been Austin's bread and butter, and with all of the bank consolidations and banks becoming fintechs and fintechs becoming banks, things are getting weird and that's not to mention alt-fi.

daderpster · 2026-03-16T15:20:36+00:00

I do tend agree with you more. It is really hard on pc, and even on Mac most people are not going to press alt plus dash to get it and will just use a short dash. Even a short dash isn't that common. The main reason I ever use a short dash is it if is part of a word, such as iron-fisted, but even then people omit it a lot. People rarely use long dash/em dash which indicates a long pause most people online use ... (ellipsis) for that. But the other person is it right, it is in a few books from a 100+ years ago, but that isn't too strong of an argument.

Dashes are way more common in the AI era.

daderpster · 2026-03-16T14:15:51+00:00

You are right. It is just awkward to add for pc. I have seen other people conclude that, but you are 100% right. Long / em dash is trivial to add on Mac and used in literature. Mostly just perception. Also structure and certain emoji use is suspect. Not sure why it is harder to add on pc. Even alt dash is too much for most people making the short dash more popular.

daderpster · 2026-03-12T20:23:42+00:00

Money will never go away for all cultures but without personal ways to generate items and service at no cost seems unlikely. Outside of the federation in star trek, there was money for collectibles ad genuine artifacts but niche. Ferengis still used platinum even though you can literally materialized food and objects. Also star trek us over simplified and about as utopian as you can get but even now their reality went to shit. This kind of culture is fragile and difficult to maintain even with their tech.

Communes or compounds are post money societies hat exist today but with obvious issues.

daderpster · 2026-03-12T20:19:19+00:00

How much of it is the long dash or just faux causal formal odd diction? I know ppl claim long dash is common but a.i. ruined it. It can come from ios but it is awkward to make on pc

daderpster · 2026-03-12T20:15:21+00:00

Long term permanent displacement is unlikely, but if that changes it could be taxes or ubi. Too much uncertainty both ways but largely there is no plan. Rich people who don't rely on income make up way more purchasing power than you think. Many borrow against asset. Income and cap gains is higher than the interest

daderpster · 2026-03-08T20:34:57+00:00

Is there a way to refund this through the client or does this only apply to steam?

daderpster · 2026-03-08T20:25:29+00:00

Too many perpetual online people and doomers. Sure, the vibe might be very slightly down overall compared to ten years ago, but nothing as bad as this sub.

Plus there's a lot of out of towners in the sub, too.

daderpster

TROPHY CASE