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Lower Rents


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2008 Jan 17, 12:12am   29,155 views  318 comments

by Patrick   ➕follow (59)   💰tip   ignore  

for rent

Given the record level of empty housing, rents seem to be falling in most parts of the country.

But my own rent went up for the first time in 5 years recently. Though it's still lower than it was when I first moved in during the dot-com bubble. I got a good rent reduction after the crash.

Rents should respond basically to employment and salary levels, but I don't see employment or salaries improving much around me in the SF Bay Area.

Any idea what's going on? Sometimes I suspect that the press writes about rising rent, and then landlords actually do raise it just because they think they can.

Patrick

#housing

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224   Peter P   2008 Jan 18, 8:46am  

On any depreciation schedule of an asset if the book value is exceeded on the sale it is a gain.

What if it is 1031'ed into another asset?

225   Malcolm   2008 Jan 18, 8:48am  

The inflation tax you mention is something I agree with you on. Let's start our petitioning. At least that is tax on passive income so we don't pay FICA on it. The system does have a design to it. The CA tax return is really creative I think, there are some federal deductions that you have to "adjust" back into you income. I do have to admire the creativity.

226   GallopingCheetah   2008 Jan 18, 8:48am  

My ideal arrangement (for when I lack sufficient funds):

A woman in her 20's, submissive, good cook, thorough cleaner. She lives in a small shack nearby. Comes to cook my meal every night. Clean once a week. Once a month, I give her some joy that she passionately desires. She doesn't talk. She disappears when I don't need her. She secretly resents the women I bring in but still considers her position with the best she can ever get and her duty to serve me, because I am the man, her lord.

227   Malcolm   2008 Jan 18, 8:50am  

It is temporarily sheltered until the final judgment day! You have to pay the piper sooner or later. It has to be a similar asset which is why 1031s are stupid for the most part, unless you just want a different colored jet, or a different house. I don't even know if it applies to jets I'm just talking out of my ass.

228   PermaRenter   2008 Jan 18, 8:51am  

>> A woman in her 20’s, submissive, good cook, thorough cleaner. She lives in a small shack nearby. Comes to cook my meal every night. Clean once a week. Once a month, I give her some joy that she passionately desires. She doesn’t talk. She disappears when I don’t need her. She secretly resents the women I bring in but still considers her position with the best she can ever get and her duty to serve me, because I am the man, her lord.

You can get a Thai woman ... have you visited Thailand?

229   Peter P   2008 Jan 18, 8:52am  

It is temporarily sheltered until the final judgment day! You have to pay the piper sooner or later.

Why would a rich guy ever NOT need a jet? :)

Quoting this website:

https://www.1031cpas.com/aircraft_exchanges.htm

Aircraft are generally like-kind to any other aircraft under the General Asset Classes or the Standard Industrial Classification (SIC) guidelines.

Not tax advice

230   HeadSet   2008 Jan 18, 8:52am  

GC,

Nice dream. Now for your reality:

Your pick up line is "wanna party" and you wave a $20 bill under her nose. She complies and is gone 10 minutes later.

231   PermaRenter   2008 Jan 18, 8:53am  

Retailers know that most people aren't good at math, and they take advantage of this. More and more are using double discounts to earn more money while making customers think they are getting a better deal than they actually are.

For example, if you are given a choice of buying a $100 item at 45% off, or buying the same item at 20% off with 30% additional taken off at the register, which would you choose? Most people simply add the 20% and 30% and assume that they are getting 50% off the item.

When you do the math, however, it doesn't work out that way. Taking 45% off of $100 means the item sells for $55. But if 20% off $100 is $80; taking 30% off that $80 leaves you with an additional $24 discount, for a price of $56, or a dollar more.

232   Malcolm   2008 Jan 18, 8:54am  

Thanks Peter, I thought it was, and personally, I think anyone who is rich who doesn't have a jet is a loser. That is what it is all about.

233   anonymous   2008 Jan 18, 8:55am  

SP - when I made $5 an hour, $800 was my monthly gross. Since the working poor pay the lion's share of taxes in the US, of course I actually took home $600 of that. Since I'd gone up from making $4 an hour, I found myself automatically saving at least $100 a month. If I'd worked at it, $200 a month savings would have been easy.

As for the Army - best deal the working-class will ever get in the Empire, I sure wish I'd stayed in.

234   Malcolm   2008 Jan 18, 8:55am  

Oh, don't worry, anyone who has a jet isn't getting their tax advice here, ha ha.

235   Peter P   2008 Jan 18, 8:55am  

I think anyone who is rich who doesn’t have a jet is a loser. That is what it is all about.

Absolutely. :)

Even environmentalists and global-warming-propagandists fly private jets.

236   GallopingCheetah   2008 Jan 18, 8:56am  

Please, speak for yourself.

237   Malcolm   2008 Jan 18, 8:56am  

And they look good doing it :)

238   GallopingCheetah   2008 Jan 18, 8:58am  

Never been to Thailand. Some Taxi driver told me about Thailand, too. I'm quite curious.

239   HeadSet   2008 Jan 18, 9:00am  

Since the working poor pay the lion’s share of taxes in the US

Are you sure? I have helped a few low income people with thier taxes in my time, and have noticed lots of Earned Income Credit.

240   Malcolm   2008 Jan 18, 9:01am  

Dennis all of a sudden got quiet. I hope he didn't kick himself in the head to unconsiousness. "All I had to do is add someone else to the title? Oh CRAP!!!!"

241   Malcolm   2008 Jan 18, 9:02am  

Headset, nice addition.

242   Peter P   2008 Jan 18, 9:03am  

Since the working poor pay the lion’s share of taxes in the US

It is true. But I am currently a working poor.

I work at a job and I am jet-less.

243   Malcolm   2008 Jan 18, 9:05am  

That's ok, you strike me as the type of guy who gets air sick anyway.

244   Peter P   2008 Jan 18, 9:07am  

Since a bumpy flight at Grand Canyon in a Twin Otter I do not get air sick anymore.

245   HeadSet   2008 Jan 18, 9:07am  

Thanks, Malcolm

246   Malcolm   2008 Jan 18, 9:08am  

I think I flew on something like that to the Bahamas. I'm fearless now. I just knew that if I stared at the engine long enough it was going to fly off of the wing.

247   Peter P   2008 Jan 18, 9:09am  

I just knew that if I stared at the engine long enough it was going to fly off of the wing.

This is why they have two engines. :)

248   DennisN   2008 Jan 18, 9:09am  

Malcolm,
Believe me I thought about that. I was going to hook-up with some asian grad-student, with a quid-pro-quo: she helps me with cap gains, I help her get citizenship. But the IRS is awake to "fake marriages". The other thing - bringing in an unrelated party for tennant-in-common status - would only work with a really trusted person, whom I don't know.

249   Malcolm   2008 Jan 18, 9:12am  

BTW Dennis, I kick myself a little because one of my houses was vacant during the selling period. Had I know that vacation homes were included I might have done the deal a little differently. I had lived in that house for about a year and a half before I turned it into a rental, there was a funny cutoff because it was all right at the 5 year mark so every month in the future was knocking off one of the months in the beginning.

250   GallopingCheetah   2008 Jan 18, 9:12am  


Your pick up line is “wanna party” and you wave a $20 bill under her nose. She complies and is gone 10 minutes later.

I have never in my life approached women to offer drinks (etc.) in order to buy a chance to talk to them. I had girls buying me stuff (including drinks) a few times. One time in Vegas, a girl asked me to buy her a drink. I told her to fuck off. She then offered to buy me a drink.

I remember a young girl I meant in summer. We talked outside the cafe. The next day I asked her to come over and cook together. Then I told her I couldn't cook. So she cooked. Then I fucked her.

I don't generally pay entirely for dates -- if the girl offers to buy the movie tickets, i'll take her to after-movie snack. Occasionally I'd buy drinks for the girl that I've already known on a 1st date. If she doesn't offer to buy the 2nd round and doesn't want to come home with me, I immediately scratch her number off my cellphone.

251   Peter P   2008 Jan 18, 9:13am  

Dennis, immigration fraud is also a federal crime. :)

Entering the country "illegally" is apparently not a crime though.

NOT LEGAL ADVICE

252   DennisN   2008 Jan 18, 9:14am  

My 12:21 pm today is still in moderation. It has two really good humor items. HARM, Patrick, someone: please.

253   Malcolm   2008 Jan 18, 9:17am  

Yep, and for my scheme to work you have to trust the person enough to commingle the money in a joint account. Asian grad student, yeah I would have been reluctant too. In my grad classes there was a pretty hot Russian girl who had all sorts of ideas. I really liked her creativity. Being the daughter of a KGB official made her used to living above the rules. I loved it when I pulled up to the parking structure to see her happily putting her handicapped mirror hanger up in her Mercedes in a nice protected parking space.

254   Malcolm   2008 Jan 18, 9:17am  

handicapped = disabled, sorry.

255   HiThere   2008 Jan 18, 9:19am  

GallopingCheetah,

You are a real laughing stock.........are you famous as a laughing stock among people that know you? I can't really stop keep laughing by reading your posts. Are you really an idiot or you get pleasure by acting like one.

256   DennisN   2008 Jan 18, 9:24am  

Malcolm - go for it. Call them "cripple parking spaces".

I have a friend who hates being called "visually impaired". He says "God damnit, I'm BLIND you asshole". :)

257   Malcolm   2008 Jan 18, 9:27am  

LOL, when my brother had a motorcycle accident we used to jokingly call them crippled people parking permits. Ha ha, fun memory, thanks.

258   GallopingCheetah   2008 Jan 18, 9:30am  

Just don't let me find out who you are and where you live.

259   DennisN   2008 Jan 18, 9:35am  

When my sister had knee-replacement surgery, I called her handicapped mirror-hanging permit a "cripple space permit" to her disgust. But then again she's a democrat.

Notice she didn't refuse the USE of that permit. :)

260   HeadSet   2008 Jan 18, 9:36am  

GC,

Don't take it so hard. After all, we did not know from your previous posts if you were a man or a woman.

Now you claim to get better action than the bloke who takes his drink "shaken, and not stirred,"

261   anonymous   2008 Jan 18, 9:54am  

The pawnshop guy I traded the guitar for pellet gun to, described the gun's ex-owner as "all crippled up" and that's not an uncommon expression around here.

GC'd hate the common expression for his people around here lol!

262   anonymous   2008 Jan 18, 9:57am  

PS - people - on my comment on the working poor, at the time I was a 5 buck an hour worker, there was no EIC, thank you, Republicans!

I'm not sure all of the working-poor know to take the EIC when they file, but hopefully the word's out. They might be getting some fat refunds if they're not into delayed gratification enough to tinker with their W2 and get less taken out.

GC - you don't wave a $20 you just flash a crack rock, right?

263   HeadSet   2008 Jan 18, 10:07am  

at the time I was a 5 buck an hour worker, there was no EIC, thank you, Republicans!

EIC came out in 1975, but got its biggest boost in 1986, under Republican Ronald Reagen. How long ago are you talking about?

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