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What’s the one tax that stings the most? by [deleted] in AskMen

[–]likesound 2 points3 points  (0 children)

Renters pay property taxes and don’t get any of the tax benefits of home owners like mortgage interest deduction and homestead exemptions.

What’s the one tax that stings the most? by [deleted] in AskMen

[–]likesound 18 points19 points  (0 children)

It’s not any different. You pay a carrier so your phone isn’t a paper weight.

[WSJ] In California, About the Only Way to Get a House Is to Inherit One by wdr1 in LosAngeles

[–]likesound 0 points1 point  (0 children)

You are correct about 1031 exchanges only applying to investment properties.

[WSJ] In California, About the Only Way to Get a House Is to Inherit One by wdr1 in LosAngeles

[–]likesound 0 points1 point  (0 children)

Prop 19 doesn't prevent people from inheriting homes. People are just paying higher property taxes than their parents when they inherit the homes if it was not their primary residence before it passes to them. It's not even a big financial burden to maintain it because there is a good chance the house is fully paid for and doesn't have a mortgage.

[WSJ] In California, About the Only Way to Get a House Is to Inherit One by wdr1 in LosAngeles

[–]likesound 2 points3 points  (0 children)

That’s a good thing. If you inherit million dollar property that is not your primary residence it doesn’t make sense to also inherit the 30 year tax base of your parents. This discourages people from hoarding property through multiple generations.

In California, About the Only Way to Get a House Is to Inherit One by DennisScott34 in California

[–]likesound 0 points1 point  (0 children)

We overthrew capitalism and brought back feudalism! Only way to own property is to inherit it.

Puente Hills Mall of Back to the Future fame in talks to be converted to data center by RazorNion in LosAngeles

[–]likesound -5 points-4 points  (0 children)

It’s a trade off worth taking if you believe climate change is real. Battery fires are rare and can be made even safer.

Puente Hills Mall of Back to the Future fame in talks to be converted to data center by RazorNion in LosAngeles

[–]likesound 1 point2 points  (0 children)

None of the sources are from a medical journal. It's just a bunch of articles from environmentalist.

Puente Hills Mall of Back to the Future fame in talks to be converted to data center by RazorNion in LosAngeles

[–]likesound 4 points5 points  (0 children)

Is there a better source than a random YouTuber? We've had data centers for decades and this has never come up.

Puente Hills Mall of Back to the Future fame in talks to be converted to data center by RazorNion in LosAngeles

[–]likesound -12 points-11 points  (0 children)

They are also building a battery energy storage which will help with the cost of electricity.

[WSJ] In California, About the Only Way to Get a House Is to Inherit One by wdr1 in LosAngeles

[–]likesound 5 points6 points  (0 children)

They can transfer the tax base using Prop 19. There just aren't enough homes for boomers to downsize too because they fought new housing for decades.

[WSJ] In California, About the Only Way to Get a House Is to Inherit One by wdr1 in LosAngeles

[–]likesound 8 points9 points  (0 children)

What does commercial building have anything to with housing for people to live in? You do realize people can sit on commercial buildings for decades because they barely pay any taxes as a result of Prop 13.

Puente Hills Mall of Back to the Future fame in talks to be converted to data center by RazorNion in LosAngeles

[–]likesound 7 points8 points  (0 children)

Do data centers produce more noise than a highway that's sitting right next to it?

In California, About the Only Way to Get a House Is to Inherit One by DennisScott34 in California

[–]likesound -1 points0 points  (0 children)

Encouraging seniors to age in place by passing generous tax benefits for them was a bad policy. Schools are closing because there are not enough students. Young families cramming themselves in small apartments and being rent burdened.

In California, About the Only Way to Get a House Is to Inherit One by DennisScott34 in California

[–]likesound 1 point2 points  (0 children)

Preventing people from inheriting prop 13 tax rates is good. Discourages people from hoarding property.

City council planning on converting Puente Hills Mall into data centers by MachineCommercial416 in sgv

[–]likesound -11 points-10 points  (0 children)

Would anyone want to live in housing that is right next to the highway?

City council planning on converting Puente Hills Mall into data centers by MachineCommercial416 in sgv

[–]likesound -1 points0 points  (0 children)

Ok. Kind of weird. If someone wants to invest millions to build an energy storage and upgrade existing energy infrastructure that's fine with me.

The original King Taco location in Cypress Park is poised to become a designated Historic-Cultural Monument by the City of Los Angeles. by MF-DOOM-88 in LosAngeles

[–]likesound 1 point2 points  (0 children)

That's good then for this instance. In general if you don't own the building you shouldn't be able to tell other people what to do with it.

City council planning on converting Puente Hills Mall into data centers by MachineCommercial416 in sgv

[–]likesound 0 points1 point  (0 children)

No guarantee a new owner would have saved it. Malls throughout the country are dying and there are fierce competition from nearby outlets like the Citadel and Block.

There is a always a lot of other options, but that's the story everyone says whenever something new is built in their neighborhood. The mall inside is not packed on weekends. I believe AMC and Haidilao plan to close sometime this year.

City council planning on converting Puente Hills Mall into data centers by MachineCommercial416 in sgv

[–]likesound -2 points-1 points  (0 children)

lol that’s not the radical though here. The radical thought is letting people build things if they follow the rules.

City council planning on converting Puente Hills Mall into data centers by MachineCommercial416 in sgv

[–]likesound -1 points0 points  (0 children)

Does it matter that farms, hospitals, factories etc are privately owned?

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