Entry level California home costs up 88% since 2020.

[jyoutz]

Yeah it looks like the vast majority won't pay any tax on the benefit.

People who claimed awhile back may not, but most SS benefits for people retiring today are quite a bit more than $25k/year.

 

[jyoutz]

News article also says this:
A single senior receiving the average $24,000 in annual Social Security income will see deductions exceed their taxable amount. Married seniors with a combined $48,000 in benefits will also see full exemption from federal income taxes.

If I'm reading that right (and assuming the info. is correct), if you are married and your SS income is not more than $48000, then you don't pay any tax on the SS income (regardless of how much income you have OTHER than SS). And, the $48,000 is the total SS income, as long as you are married, regardless of whether it is one or both in the couple that are on SS.

Right or wrong?

I thought it refers to total income, but if you are correct then not many would pay taxes on SS.

 

[D&D]

Because the local hotels, food, and beverage businesses have the ear of local politicians. Sports facilities bring in a lot business to those establishments and also a lot of tax revenue to the city.

Very doubtful, the winners are the franchise owners not the public forced to provide funds.

"This literature contains near-universal consensus evidence that sports venues do not generate large positive effects on local economies."

https://joeornstein.github.io/pols-4641/readings/Bradbury%20et%20al.%20-%202022%20-%20The%20impact%20of%20professional%20sports%20franchises%20and%20v.pdf

 

[D&D]

Seniors is defined as 65 and older. Us younger retirees don't see any benefit.

You're rich, you don't need it

 

[ultrarunner]

The pendulum has certain swings both ways and falling prices are the norm in many areas…

Homes down as much as half or more from peak with most area feeling the impact…

Too early to say how closely this will mirror 2009-12 meltdown…

Government services are in large part based on property taxes so downturns impact state finances and lead to creative ways to enhance revenue…

Video showing some areas I’m familiar with and what I am seeing.

 

[Torvy]

Key word here: temporary. The government giveth, and the government can taketh away.

That was a negotiating problem.

 

[Torvy]

Back to an early post on this thread...unless you financed with an ARM in a low interest market or are just wanting to buy new, higher interest rates are not a problem. They are much lower than when many of us bought our first homes.

Lots of economic errors made in the state. The geography continues to bail them out of collapse.

 

[Snobdds]

I think the housing problem, in 10 years, turns over due to demographic problems. In 10 years, most of the baby boomers will be gone. They, right now, capture over 50% of the housing stock between 1st and 2nd homes. The family formation rate is not high enough to absorb all those homes with new families. This will put massive pressure on home prices as the supply will far outweigh demand.

The biggest risk will be institutional owners that invested huge into resort style apartments. I wish I could buy sell puts with a maturity date of 10 years on those companies. Super cheap to buy out that far and the returns could be big.

Anyhoo...the entire housing unaffordability crisis will be completely opposite in 10 years...Just sit back and watch.

 

[ultrarunner]

What’s odd is my city continues to push housing above all else…

Family property has been automotive since 1942 and city says no more…

Dozens have gone to the city seeking to continue auto sales and the answer is always the same… automotive no longer allowed.

Who in their right mind would build housing on scale in Oakland when large projects languish and it takes years to work through the process?

For a very long time the headline banners shouted crisis but now with inventory increases the exodus continues… high cost of living, crime, lack of city services, problematic insurance, bans on ice equipment, etc.

 

[jyoutz]

What’s odd is my city continues to push housing above all else…

Family property has been automotive since 1942 and city says no more…

Dozens have gone to the city seeking to continue auto sales and the answer is always the same… automotive no longer allowed.

Who in their right mind would build housing on scale in Oakland when large projects languish and it takes years to work through the process?

For a very long time the headline banners shouted crisis but now with inventory increases the exodus continues… high cost of living, crime, lack of city services, problematic insurance, bans on ice equipment, etc.

What is automotive property?