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Tell the California Legislators to ease up on oppressive taxes, and trim down big government
Or
Blame everything on Boomers, and make every problem in California about a Property tax law.
hmmmmmm Tough Choice tough choice! We do like to bitch about old people, and well those taxes aren't going to pay themselves!
This is the generation that "won't get fooled again" that got fooled again over and over and over again. 7 times in just 20 years.
They saw the Pentagon papers, they knew the Gulf of Tonkin Incident was faked, but the insist every fucking war from 1980 onward was justified. The watched the Church Committee hearings, that was in 1975. I was 4 then, and I know about them. That had Operation Mockingbird revealed in it, it revealed the existence of MKUltra, Project SHAMROCK, and COINTELPRO. Our government has been doing surveillance on the population since the 1960's.
GNL says
I think there is a plan and the plan is to reduce all consumption. Only the higher classes will own (eventually) RE. This is my generational opinion.
What part of You'll Own Nothing and Be Happy don't you people understand?
Eventually people will start demanding higher taxation on single family homes. If you don't think Prop 13 in California will be over-turned, guess again. Basically, the boomer generation sold the young generation into slavery and they will have to actually overthrow the government to correct it, that's why they are so pressed to be indoctrinated.
GNL,
“IMO, if/when that is a revolution, the targets will include anyone who is rich.”
If we could wait with the revolution until 50 years from now…..I’d appreciate it. I am working on growing my rental investment business and trying to get into the vacation rental market. A revolution sounds disruptive.
I'm happy for you. BUT, it's people like you that really don't get it. People like you could easily become targets. Especially since all you do is run around beating your chest.
One way is to sit behind my 50 cal in my multi-million fortress mowing down the attackers.
GNL says
I'm happy for you. BUT, it's people like you that really don't get it. People like you could easily become targets. Especially since all you do is run around beating your chest.
That's why I drive a beat up 21 year old car. I'll be buying a newer one soon but plan to keep this on up on blocks in my front yard for use when cannibal anarchy breaks out.
One way is to sit behind my 50 cal in my multi-million fortress mowing down the attackers.
Perfectly logical thinking. If it gets worse, I could see people taking their anger out on anyone they think is rich. Corporate landlords are hard to identify. Private landlords not so much.
zzyzzx says
AirBNB is like Subway:
Subways don't make money?
What, by the hairy dugs of Minerva, is a "Host fee?"
https://www.reddit.com/r/REBubble/comments/15fgz90/airbnb_in_a_bad_neighborhood_what_could_go_wrong/
Airbnb To Lead Real Estate Market Crash
And do what?
Maybe this is a good time for an airbnb competitor to rise to the challenge.
Hotels and actual licensed Bed and Breakfasts.
https://www.kansascity.com/news/local/article279307904.html
Kansas City will kick hundreds of rentals off Airbnb, Vrbo this week
https://www.wdrb.com/news/metro-council-approves-changes-to-ordinance-cracking-down-on-who-can-operate-short-term-rentals/article_01cd5e62-536e-11ee-ac11-a74feef417f6.html
LOUISVILLE, Ky. (WDRB) -- The city is cracking down on who can operate short-term rentals in Louisville.
I'm surprised they even have any vacation rentals.
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I'm thinking of doing this in the Shenandoah region in VA, which has very low inventory and lots of short term rentals on the market. I assume that as more and more people do this, the market will saturate. I'm not sure how long that will take, and exactly how that will play out - plenty of thoughts though. In particular, I think if people insist on working from home, the far flung mountain retreat type areas outside of cities will do very well. I'm thinking that people wouldn't commute long distance every day, but might be willing to commute further once or twice a week. So, the high property values in/close to cities will continue to spread outward.