LA homeowners discovering the rental and housing marke sucks
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Poast new message in this thread
Date: January 14th, 2025 8:15 AM Author: We can say Jews here (TT6)
Fuck these scum. I am glad they get to deal with what 40% of Americans get to deal with.
https://www.bbc.com/news/articles/cp3w5qr26pwo
"What's available is not nice at all and the rents have gone up a lot," Mr Storc told the BBC. "I told my teenage daughter we had to accept we would live somewhere not very nice."
Yet there was a "tragic" misconception that all of the victims of the Palisades fire were wealthy, according to Pete Brown, a spokesperson for the area's city council member, Traci Parks.
Many Palisades fire victims purchased their homes decades ago, possibly for prices as low as $25,000, he told the BBC.
(http://www.autoadmit.com/thread.php?thread_id=5663721&forum_id=2#48551736) |
Date: January 14th, 2025 8:26 AM
Author: ...,,..;...,,..,..,...,,,;..,
thanks, prop 13!
(http://www.autoadmit.com/thread.php?thread_id=5663721&forum_id=2#48551750) |
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Date: January 14th, 2025 8:42 AM
Author: ...,,..;...,,..,..,...,,,;..,
true, but it's a microcosm of boomerism
(http://www.autoadmit.com/thread.php?thread_id=5663721&forum_id=2#48551773) |
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Date: January 14th, 2025 2:08 PM Author: Charles Tyrwhitt Dad
Much of LA is very modest housing stock. 2-bedroom, 1,000 sqft bungalows, 2-3 bedroom ramblers from the 50s. When we first moved here I was surprised by how many houses were only 2-bedrooms. A good chunk of what burned in Altadena were working to middle class housing of the era, which remained fairly inexpensive into the 90s, which is one reason why Altadena has a large black and Latino population, it was what they could afford. It's only in recent decade that they started selling for $1+M.
In the 70s you could buy a comfortable 2,000 sqft 3-bedroom ranch house with sea view in Dana Point or San Clemente down in OC for 75k, so it's plausible that the small bungalows and ramblers in modest quarters of LA could be had for a third of that, especially if they already needed some work. And even in Pacific Palisades back in the 70s there were small sub 1500 sqft houses. There was nowhere the volume of wealth or size of affluent populations in the 1970s compared to today.
(http://www.autoadmit.com/thread.php?thread_id=5663721&forum_id=2#48552686)
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Date: January 14th, 2025 8:55 AM
Author: .,.,.;;,;.,..,:,,:,...,:::,...,:,.,.;.:...:.,:.::,
what % of these people didn't have fire insurance? imagine being a public school teacher or something with 97% of your nw in your pacific palisades home that your family bought in the 70s for <$100k and then losing it with no recourse.
(http://www.autoadmit.com/thread.php?thread_id=5663721&forum_id=2#48551803) |
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Date: January 14th, 2025 9:13 AM
Author: .,.,.;;,;.,..,:,,:,...,:::,...,:,.,.;.:...:.,:.::,
do you still pay CA taxes? your "politicians" are about to rape you to bail out a bunch of B-list movie stars and second generation librarians
(http://www.autoadmit.com/thread.php?thread_id=5663721&forum_id=2#48551844) |
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Date: January 14th, 2025 1:16 PM
Author: ....:::..:....:::..:...;;;..;...:.::
There is no way this is true in the Palisades. Literally everyone there is a true richmo. The houses are huge, 98% brand new (built in the last 10 years) and the people who own them are extremely successful hollywood business moguls or actors/actresses. Those are mostly insured even with all the bullshit going on in CA with fire insurance it's still possible to get insured, even if you have to go through the state to do it.
The Eaton fire is a totally different story. These are MC to UMC ppl trying to scrape by in LA and prob not super up to date on the status of their homeowners insurance. These are the types to go oh my homeowners insurance policy is getting non-renewed i should probably take a look at other policies and then they just kinda forget to do it for a few months not assuming their shit would burn down in the next month.
(http://www.autoadmit.com/thread.php?thread_id=5663721&forum_id=2#48552524) |
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Date: January 14th, 2025 6:19 PM Author: To be fair (Semi-Retarded)
To be fair,
TWIST: No they won't, and you're legitimately retarded if you actually think that.
SOURCE: Huge swathes of Malibu literally go up in flames every decade or so (the last big Malibu fire before this was in like 2018)... and yet in 2025, tons of richmos would still gladly beat a pregnant woman to death with their bare hands on national TV for the "privilege" of shelling out tens of millions of dollars to own a house in that area. In fact, Malibu property values have only continued to rise steadily throughout the last decade... odd case!
(In b4 "B-b-but Pacific Palisades is totally different than Malibu for reasons, it's not the same thing at all, trust me, I know these things!")
(http://www.autoadmit.com/thread.php?thread_id=5663721&forum_id=2#48553397) |
Date: January 14th, 2025 11:22 AM Author: Anti-H1B Chatblog Elects Turdskin Best Poaster (gunneratttt)
reminds me of ITE when a bunch of boomers got ejected from their bubbles and realized "just give him a firm handshake" didn't get you a cradle to grave job anymore.
they created a protectionist NIMBY regime and it's pure justice when they are hoisted be their own petards.
(http://www.autoadmit.com/thread.php?thread_id=5663721&forum_id=2#48552181) |
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Date: January 14th, 2025 1:54 PM
Author: .....;;,,.........;.;.;.;.,;,;,;.;.;,;
I would put at least 20 other big city school districts behind LAUSD. It is terrible, but really only for poors. Their satellite cities also have their own school districts, and that’s where everyone with kids who gives a shit ends up living if they aren’t decamillionaires. But like SF schools are god awful everywhere, even in the richest neighborhoods because those commies are so far gone that they literally ruin the schools that might have a chance to be OK and claim “equity” requires it. That’s before you even look at truly broken cities with tax base like St. Louis.
(http://www.autoadmit.com/thread.php?thread_id=5663721&forum_id=2#48552626) |
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Date: January 14th, 2025 3:51 PM Author: Lower Lower Middle Middle Class
90% of the people in Palisades would have been taxed out of their homes decades ago if paying a normal rate comparible to most other places. Most people living in 3-5 million dollar homes anywhere in America are paying substantial property taxes every year. California is the only place I am aware of where people with extraordinarily valuable homes pay little to no property tax to the point where it's negligible.
This is supposedly compensated for by the highest state personal income tax in the US. But as we know this is easily circumvented by people with generational wealth and only hurts the people who are coming up.
California used to be #1 in public education. They dropped from 1 to 50. And yes it's not as bad as Baltimore but relative to how much wealth people have the schools are SPS. I come from rich wypipolandia and property taxes were very high and the schools were among the best in the nation. It's not rocket science.
(http://www.autoadmit.com/thread.php?thread_id=5663721&forum_id=2#48553006) |
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Date: January 14th, 2025 5:16 PM Author: Anti-H1B Chatblog Elects Turdskin Best Poaster (gunneratttt)
well two minutes ago you thought his beliefs were:
"I thought he thought that everyone ought to be able to live off land they owned for free and grow veggies and not have to pay the piper. Thought that was his whole thing. Government doesn't let you simply live off the grid you have to EARN." and that he was irate over $25 property tax bills.
so, perhaps you're not informed enough to say what he believed it.
(http://www.autoadmit.com/thread.php?thread_id=5663721&forum_id=2#48553236) |
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Date: January 14th, 2025 6:22 PM Author: To be fair (Semi-Retarded)
To be fair,
CR... except that instead of being hoisted on their own petards, the federal government will instead quickly step in and fully cover all of these losses for ~110% of their "fair market value" and then just add that to our tab.
You really think the Feds would leave whiny Jews and petulant California Boomers hanging out to dry when they can instead kick the can down the road and further fuck over retarded and demoralized loser Millennials and Zoomers who predictably won't do a goddamn thing in response to getting assfucked yet again?
LJL.
(http://www.autoadmit.com/thread.php?thread_id=5663721&forum_id=2#48553402) |
Date: January 14th, 2025 3:58 PM Author: internet guy
Prop 13 is still so insane to me. I don't think there is an equivalent boomer statute anywhere thats like "you get to stop paying property taxes if you bought your home several decades ago. everyone else who isn't in the special group will just have to pay more." senior exemptions are similarly bad but just not to this level.
property taxes are the one very good tax imo. ensures productivity of land.
(http://www.autoadmit.com/thread.php?thread_id=5663721&forum_id=2#48553026) |
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Date: January 14th, 2025 4:00 PM Author: Lower Lower Middle Middle Class
It's literally the most mind-numbingly insane thing about California and it's a long list. But Prop 13 is #1 with a bullet.
The whole system functioned as long as it did because farm girls from Kansas kept moving to Chatsworth to shoot the latest episode of Exploited Teens and the never-ending population boom brought more money into the state. So long as the population goes up forever this pyramid scheme is very self sustaining.
Uh oh...
(http://www.autoadmit.com/thread.php?thread_id=5663721&forum_id=2#48553030) |
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Date: January 14th, 2025 4:34 PM Author: AZNgirl in Palisades throwing Dad into Fire
prop 13 is retarded but so are property taxes, the idea the govt can tax u every year even if u've paid off the property is furking insane, it maeks zero sense. its the only tax not tied to annual economic activity like wages, sales tax etc
if u need property taxes to ensure the owner uses it for productive means that seems like a retarded way to do things, u shld instead tax ppl who have 2nd homes that are unoccupied etc
(http://www.autoadmit.com/thread.php?thread_id=5663721&forum_id=2#48553082)
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