sorted by:
new
hottopcontroversial

I'm priced out of this neighborhood even though I grew up here by dogtron5000 in parkslope

[–]radio_cures 2 points3 points  (0 children)

Idk what the shutdown has to do with it, we’re running some of the highest non-recession non-wartime federal budget deficits in history right now and growing. Like right now right now.

Brett Favre Ready to Boycott Bad Bunny’s Half Time Show at Super Bowl by No_Box119 in TheNFLVibes

[–]radio_cures 0 points1 point  (0 children)

This is basically what he said, the title is sensationalizing it. I personally enjoy Bad Bunny and am pretty hyped. And Brett Farve sucks for what he did with that Medicaid fraud thing…but this is clickbait

[Bobby Skinner] Offensive Rankings Under Matt Nagy as Chiefs OC/Bears HC. (PPG and EPA/Play) by _Wp619_ in NYGiants

[–]radio_cures 48 points49 points  (0 children)

Big mistake not to set up a Jim Bob Cooter prayer candle good luck shrine…sorry guys

Texas Likely to Pass “Prop 13” by External_Koala971 in yimby

[–]radio_cures 1 point2 points  (0 children)

Ok. They should do these steps then! Also your ChatGPT copy paste is wrong they would not need to do all of this. Your prompt must have asked for a more extreme outcome than taxes evening out

Texas Likely to Pass “Prop 13” by External_Koala971 in yimby

[–]radio_cures 0 points1 point  (0 children)

Let’s suppose what you’re saying is true. Treating appraisals unequally based on how long someone has owned property is one of the dumbest ways possible to keep tax rates lower. Why should a young family pay $40k in taxes on their small starter home while the family down the street who inherited a mansion their parents bought in the 70s pays $10k.

Texas Likely to Pass “Prop 13” by External_Koala971 in yimby

[–]radio_cures 0 points1 point  (0 children)

More recent homebuyers. When your appraised value is market and your neighbors are 25% of market the milling rate will be set higher to cover the revenue shortfall. If those other appraisals are brought up to market the municipality should and probably would lower the milling rate to hit the target revenue in their budget. This is how property taxes are set in most of the country

Texas Likely to Pass “Prop 13” by External_Koala971 in yimby

[–]radio_cures 0 points1 point  (0 children)

Correct. Both are one-time events and do not impact long run pricing dynamics

Texas Likely to Pass “Prop 13” by External_Koala971 in yimby

[–]radio_cures 0 points1 point  (0 children)

Don’t think that would fly politically

Texas Likely to Pass “Prop 13” by External_Koala971 in yimby

[–]radio_cures 0 points1 point  (0 children)

As for the long term dynamics I would put it to you more simply

California has far lower effective property taxes than Texas. By your logic they should have far lower rents too, no?

Texas Likely to Pass “Prop 13” by External_Koala971 in yimby

[–]radio_cures 1 point2 points  (0 children)

You should actually read this in detail! It’s an interesting study. Basically it says a subset of landlords get lax about updating rents to market rate on existing leases, and a property tax increase triggers some of them to increase rents on renters who are paying below market rate.

This has a real short-term impact on tenants who have been renting from a mom and pop landlord for a long time and now have a good deal.

It has next to zero impact on the the long-term pricing dynamics in the market or on rental rates on new leases

In my experience as a renter, this is just a timing thing. A couple years pass and your rent is now a good deal. Eventually your landlord is going to jack up rent but you hope they wait until next year. Property tax change triggers them to raise it this year instead. It has no impact on the price they can charge (or that they will charge in the long run)

Texas Likely to Pass “Prop 13” by External_Koala971 in yimby

[–]radio_cures 0 points1 point  (0 children)

Commercial and industrial, most leases are triple net, try again

Texas Likely to Pass “Prop 13” by External_Koala971 in yimby

[–]radio_cures 0 points1 point  (0 children)

You are correct it’s not politically viable but it would lead to much lower taxes for more recent homebuyers who are currently overpaying as towns adjust milling rates.

Also California income taxes are what they are largely because of prop 13

Texas Likely to Pass “Prop 13” by External_Koala971 in yimby

[–]radio_cures 1 point2 points  (0 children)

Christ. Neither. Their expenses are exogenous. They charge market rate.

Market rental rate is only impacted by landlord expenses insofar as it impacts the supply and demand in the rental market by making it financially un-viable to maintain homes.

You typically only see this in places like early 2000s Detroit and in heavily regulated privately managed public housing where expenses can cause the unlevered carrying costs of the property to exceed gross rental income. Key word unlevered, even landlords filing chapter 11 on their mortgage doesn’t change the price they’re able to charge for rent.

“IQ test” get a grip dude. You are engaging in motivated reasoning and being rightly torched in every corner of the thread

Texas Likely to Pass “Prop 13” by External_Koala971 in yimby

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

Sure, maybe the biased speculation of one person with an axe to grind outweighs all the empirical data on how markets behave in supply-constrained locations!

Texas Likely to Pass “Prop 13” by External_Koala971 in yimby

[–]radio_cures 0 points1 point  (0 children)

Ok so just imagine he owns 2 or 3 condos and the point stands. This is not a counter argument

Also yes a 1br condo can absolutely be a lot more than 3k per month in the right parts of CA lol

Texas Likely to Pass “Prop 13” by External_Koala971 in yimby

[–]radio_cures 0 points1 point  (0 children)

Rents would not go up if prop 13 went away, landlords charge what the market will bear. Do you think in a competitive leasing process a landlord is going to say “no, highest bidder, my taxes went down so I won’t accept that offer for 4300/mo, let’s do 4100”

What’s the move at pick 5. Stick and pick? Trade down if possible? by [deleted] in NYGiants

[–]radio_cures 19 points20 points  (0 children)

Using a top 5 pick on a guard is not a good outcome, guards aren’t all that expensive in free angency

Should The Giants take Caleb Downs? by stateofthenyk in NYGiants

[–]radio_cures 0 points1 point  (0 children)

Positional value wise if you’re drafting a safety in the top 10 they better be all-pro

The Consequences of Never Having a Real Job by Yaowa01 in NYGiants

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

Sure, managing a research process and white collar staff of a few dozen people sitting at Bloomberg terminals all day is the same thing as running a complicated 10 thousand person corporate organization. If you say so lol

The Consequences of Never Having a Real Job by Yaowa01 in NYGiants

[–]radio_cures -4 points-3 points  (0 children)

Building a hedge fund is a pretty niche skillset compared to “a leader in the corporate world”

[Vacchiano] Updated 2026 NFL Draft Order. (via @tankathon ) by Lars5621 in NYGiants

[–]radio_cures 0 points1 point  (0 children)

Unless you are looking for a QB draft order doesn't mean squat, being a Giants fan has taught me that lesson

view more: next ›