Jarhead
Gold Member
- Jan 11, 2010
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LOL! I own a duplex valued at 197k. If I put a new kitchen and bathroom on the owner side (our side) for 75k, that's be over half the value of our one side of the house.They will now tell you that regulation is the problem.
Whatever the root of the problem is - it can't be a consumer demand issue - because that would imply that we need to shift some tax burden from middle to upper class (at least temporarily) - and the right in Congress has already indicated that is a "principle" they won't compromise.
What amazes me is that the founding fathers were able to compromise on the issue of owning other human beings as property - but the right won't compromise on a tax hike for the rich who now enjoy the lowest tax rates of their working lives (unless they are like 100 years old) - in exchange for spending cuts they claim are desperately needed,
Question for you.....
Lets say things were going well for you and you decided to put 75K in a new klitchen and bathroom in your home.
You had a nice job. You just received a raise...all is looking secure for you.
You started collecting bids...ready to dive into the project.
I would probably do most of the work myself. It would take me 5x longer than a pro maybe, but in my experience if you want something done right you have to do it yourself (just the other day my wife's car's oil light was on. So I look underneath and would you believe the lube people didn't screw the damn filter on tightly enough, and it came loose and spilled everywhere? Its not their car - so why would they care?)
Then, out of the blue, you found out that your school and property taxes were going up. Likewise, whereas you got a raise, you found out that from next month on, you will need to pay for your own health insurance. Furthermore, you got a notice from your heating company saying that your contract expired, and your new contract will cost you about 20% more.
Would you reconsider the project on your kitchen and bath?
Enough said.
Depends on what the property taxes actually do. Where I live now, every home owner pays an extra $200 a year in property taxes to fund our own neighborhood security - staffed by off-duty NOPD - and as a result our neighborhood is much safer than most of the rest of the city, and hence, our property values are higher. If I put 75k into our house the house will be worth that much more- in a shitty neighborhood with lots of crime if you dump 75k into a house the house will still be worth shit.
If my property taxes went up, I'd raise rent on the tenant side accordingly. After that, on the owner side, our 98.5k - 75k homeowners exemption leaves only a 23.5k tax base. Whooptee do.
Why would you ask a question - and then follow it with "enough said"? Obviously - if I get a raise, but my employer drops my health insurance and the raise can't make up the difference, I didn't really get a raise, did I ?
Heating company 'contract' ? WTF is that? I live in New Orleans. We don't understand such things. A space heater is more than enough.
completely diverted from the crux of the analogy..
I wonder why you did that.