patrick.net

Inheritance and death taxes are commie bullshit. Surprised so many red states appear on that list.

HeadSet says

DooDahMan says

possession of a machine gun

"Machine gun?" As in a fully automatic weapon? Tommy gun? AK-47? M-4?

Glock that was modified for Full auto. Simple mechanical insert, apparently.
https://www.thefirearmblog.com/blog/2017/09/14/want-to-make-your-glock-full-auto/?source=patrick.net
I'd only go to this page incognito.

Another sneaky tax is on annuities, the “premium tax.”
California taxes it at 2.5% .
This is on top of income taxes.

Florida is a tax friendly state; it has no annuity tax, no death tax, no capital gains tax, no income tax.

Yep, there used to be an "intangibles" tax, but they got rid of it.

FarmersWon says

reasonable price growth of 6% ,

Housing "reasonable growth rate" should be more like 3%

Buy when there is blood on the streets, folks!

rocketjoe79 says

Glock that was modified for Full auto. Simple mechanical insert, apparently.

Then that is what the news should report. I did see a news story from Minnesota where a man at a gun range demonstrated that insert for the Glock, and one squeeze of the trigger emptied the clip full auto. Does not seem productive since the clip only hold 10 shots or so, and a modified longer clip would tend to melt the barrel. Shock effect, I guess.

clambo says

Another sneaky tax is on annuities, the “premium tax.”
California taxes it at 2.5% .
This is on top of income taxes.

I also understand that tax can follow you even if you leave California. California will tax the proportion of that annuity "earned" while employed in California. I presume you are referring to defined benefit type annuities, not just the lump sum purchase investment from insurance companies.

The annuity is a variable annuity, like a non-deductible IRA.

California can’t tax me because I have not taken anything out of it.

An interesting characteristic of a variable annuity is the government does not know you own it during the accumulation phase.

The government will only know that you’re taking money out and will tax the income when and if you spend the annuity. There are several ways to spend it.

That’s why you don’t receive a notice every year that was also sent to the government by the guys who administer your IRA, SEP-IRA, etc.

If you find a suitcase of cash somewhere, you can buy a variable annuity and nobody needs to know.
It’s a contract between you and the insurance company even though it contains sub accounts which are identical to mutual funds.

HeadSet says

rocketjoe79 says

Glock that was modified for Full auto. Simple mechanical insert, apparently.

Then that is what the news should report. I did see a news story from Minnesota where a man at a gun range demonstrated that insert for the Glock, and one squeeze of the trigger emptied the clip full auto. Does not seem productive since the clip only hold 10 shots or so, and a modified longer clip would tend to melt the barrel. Shock effect, I guess.

Full-auto fire from a pistol is idiotic. You simply can't control it and chance of getting anything beyond the first shot on target is essentially zero.

Full auto pistol is "spray and pray", hence the large number of innocents wounded and killed in this event.
I think doublestacked Glocks can hold up to 20 rounds? Reloads are trivial.

HeadSet says

I did see a news story from Minnesota where a man at a gun range demonstrated that insert for the Glock, and one squeeze of the trigger emptied the clip full auto.

What that man did was manufacturing a fully automatic weapon. Unless he was licensed for that (which is super hard and expensive since 1986) he painted a fat legal target on his back. You may get in trouble (a different kind of trouble, "possession") even if your semi-auto firearm has a defect which makes it go off twice for one squeeze of a trigger.

There are 1.6 million vacant houses/condos empty in Florida.

I'm splitting for Baja California Sur Mexico for a while, it's fun.

That’s pretty much spot on

good point.

mostly reader says

even if your semi-auto firearm has a defect which makes it go off twice for one squeeze of a trigger.

California Catch 22. If you get caught carrying a gun you are charged with a crime and then you are not allowed to carry guns anymore.

But criminals break laws.

Even the rural parts of Sacto County have issues. This Range Rover has 60 or so bullet holes:

http://www.galtheraldonline.com/news/man-injured-in-hood-franklin-road-shooting/article_9760ca8a-b5e1-11ec-b8fb-7f7fd0be1806.html?source=patrick.net

That link has some encouraging analysis. Seems like even though prices have skyrocketed, the credit of the buyers is much better than in the 2008 days. So, slowdown coming, but no crash.

Of course, so does investing in stock mutual funds.

The point is you must divert some of the wages they pay you to go down in the salt mines and invest in something.

Edit: stocks are better than real estate.
My Apple shares have split; can your 1 bedroom become a 7 bedroom by itself overnight?

"Nobody is irreplaceable" --Joseph Stalin


Russia is no exception.

RWSGFY says

"Nobody is irreplaceable" --Joseph Stalin


Russia is no exception.

right now they are replacing us Americans

Not for me. My last job transition resulted in a 13% raise. Actual profit I can spend every paycheck, not potential profit I have to sell to realize. My housing costs have actually gone down the last three years vs the previous three. How is that possible? Well, I'm a renter, so I decide how much I'm willing to spend.

clambo says

My Apple shares have split; can your 1 bedroom become a 7 bedroom by itself overnight?

It can if you rent to illegals....

Yeah, a garage can become a 2 bedroom addition, just put in bunkbeds.

To get a VA loan for a 30 year mortgage, I believe the maximum monthly home payment (mortgage, property tax, insurance and hoa fee) is not more than 38% of monthly household gross income.

This will be fun.

Very underhanded way to dump on Trump and elevate Cuomo while seemingly a hit piece on CNN and Zucker. Has the CIA infiltrated Drooling Stone?

Except you cannot spend your house slowly in retirement unless you reverse mortgage it.

Or, you can get a roommate.

FarmersWon says

he was arrested by FBI agents and charged in an audacious plot to dole out millions of dollars in bribes to African leaders in exchange for major energy contracts that appeared to advance Chinese government interests.

He didn't include the "big guy" in the spoils.

clambo says

Except you cannot spend your house slowly in retirement unless you reverse mortgage it.

Or, you can get a roommate.

Based on what you said, you can spend your house slowly. 😁

With the new regulations, you can also spend your money by building an ADU and a Junior ADU. The value is in the land. Can’t do this with a condo or townhouse.

DooDahMan says

What can Americans do to hedge themselves against this? In reality, being a homeowner over the past decade has set consumers up nicely during this burst of inflation!

This has been true. The question is will it continue to be true for the next 5-7 years?

bitcern

No matter what a countries laws, they will turn over the info and eventually the account if Uncle Sam asks. They will flagrantly violate their own laws to do so.

Bury Yams and .22LR ammo somewhere off your property if you must, but overseas back accounts are less than worthless for Joe Six Pack or anybody with less than a few ten million.

Even Switzerland bent the knee.

Let me give you an example. US turns into Shanghai China in August 2022 to 'stop COVID'. USG finds people left the country and wants them back for whatever reason.

It goes to St. Lucia, St. Vincent, and Belize and says "If you don't hand over all your info on American or suspected American citizen owned private bank accounts, we'll put your vacation spots under interdiction from any and all US cruise lines and US Airlines. Or, we'll simply cut your aid 10% this year. Or charge you a new fee to transfer money in/out of the USA."

Bang, boom, alakazam, they will all jump to do the US bidding.

A lawyer friend of mine once told me that title insurance was a waste of money. Especially if purchased as a VA, (and similar) house.

Most insurance is a scam until you need it. It's a fucked up thing. We've had three major (somewhat) claims and the insurance did what it should. Car (totaled) and got $18k over what we paid. Travel insurance, BIL off'd himself right before a Disney trip (don't give me shit, it was for Star Wars) and would have lost $6k. And then a bar didn't secure a door properly and legit fell and knocked my wife out. Doctors demanded someone stay with her it was that bad (work travel, so I wasn't there). $5k out of that.

I don't know the total I've paid for insurance over the years, but those payouts made bad situations better for sure. And we're not litigious people. We could have sued for substantially more in the bar situation.

Title insurance is a waste, until you need it. I hate it, but the whole housing industry is designed to get a piece of the pie so to speak. This is about all the people involved. Brokers, attorneys, appraisers, inspectors, lender, title company, village inspectors, etc. It's a damn house. Why do 7+ people need to be involved in a basic transaction? Sure it's a big one, but I've been involved in well over 1k home/condo sales in my career. Everyone is just flexing their muscles to justify what you're paying them. They don't really give a shit. They just want the money.

Is it really expected that anybody naive and gullible enough to expect information from a television would be expected to be anything other than easily controlled cattle?