Entry level California home costs up 88% since 2020.

   / Entry level California home costs up 88% since 2020. #111  
Zoning describes automotive prohibition as anything related to sales, storage, rental and/or service including parts.

The property is fenced and lit with monument sign, sales offices, detail area, etc.

It was leased to a city and state licensed auto dealer until zoning gave notice with 90 days to close… citing use no longer consistent with revised zoning.

The dealer has two locations and decided not worth the effort and cost to appeal as for the interim the vehicles would need to be removed pending possible approval.

New zoning provides extended height limit, density bonus for transit corridor and reduced to no required onsite parking.

I can fill the property with cars but no one vehicle can be onsite in excess of 72 hours… and this is why it can no longer be sales.

I thought about a modular duplex but planing came back no as any acceptable proposal would need density.

A friend had a carpet warehouse and faced the same when he wanted to retire and sell the business… city said can’t transfer and wants to see housing…

Friend sold at big discount to a city tied developer who transformed warehouse to live work space.

There was a time when the city actively wanted to attract business tax revenue but now the focus is housing…

In 2021 property was valued at 1.2m with no shortage of unsolicited inquires.

4 years later stripped of automotive use the property is max maybe 400k with 12-18 month escrow for the entitlement process to play out.

No builder is going to buy until the city green lights the proposed project in writing…
 
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   / Entry level California home costs up 88% since 2020. #112  
Housing means developers, which means permits and kickbacks.
People are happy because they don't understand the connection.
 
   / Entry level California home costs up 88% since 2020. #113  
When I look around I see a lot of vacant commercial space…

A friend was over and asked if there is a nearby Starbucks or another coffee shop nearby and I had to say no, they have all left the area… even Walmart and the new drug stores closed and Home Depot says it will be closing but not official.
 
   / Entry level California home costs up 88% since 2020. #114  
Sorry, man. Economic laws cannot be ignored, no matter how much they hurt people's feelings.
 
   / Entry level California home costs up 88% since 2020. #115  
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?
Wrong.....the 75k and 150k limits to get the 6k senior bonus include other income too.

  • Deduction phases out for taxpayers with modified adjusted gross income over $75,000 ($150,000 for joint filers).
One Big Beautiful Bill Act: Tax deductions for working Americans and seniors | Internal Revenue Service
 
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   / Entry level California home costs up 88% since 2020. #117  
Sorry, man. Economic laws cannot be ignored, no matter how much they hurt people's feelings.
In and Out was the first franchise location ever closed and the Franchise was never not profitable… it remained very popular and a destination.

The reason it closed is because employee and patrons vehicle break ins… several every day and the Franchise decided there is more to business than economics…

Ive never viewed planning/zoning as Economic… more of not in my backyard is the image that comes to mind.

City planners in the name of pushing housing traded an auto dealer with auto dealer sales tax plus city gross receipts tax for a fenced, paved unoccupied parcel generating zero income for city coffers.

Vibrant commerce is essential to most successful cities…

Instead we push below market housing with special carve outs and zoning changes for added density and foregoing all parking… and those resident must travel to other cities to shop… if the buses are running.
 
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   / Entry level California home costs up 88% since 2020. #118  
City planners in the name of pushing housing traded an auto dealer with auto dealer sales tax plus city gross receipts tax for a fenced, paved unoccupied parcel generating zero income for city coffers.

Vibrant commerce is essential to most successful cities…
well, how large is that fenced, paved unoccupied parcel? How many housing units can it accommodate?
City planners, IMO, are feeding themselves. More rooftops, more people, more government services needed. More staff means more supervision, larger the pool gets the more salary they deserve and the higher your taxes go.
Of course that opinion neglects any forms of kickback deals the developers may make with the local government officials.
 
   / Entry level California home costs up 88% since 2020. #119  
With the configuration architects opinion is max 30+/-

I don’t see it myself but this is what happens when zoning changes to commercial transit corridor and height limits increase…

A nearby 5 story recently completed on the grounds of a formally old tire shop had height restrictions waived…

The builder is in dire straights… years of planning with ground breaking January 2020 only to be halted 6 weeks later due to Covid.

That project remains vacant…

Prospects that I have spoken with say income limits apply and no resident parking eliminate many.
 
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   / Entry level California home costs up 88% since 2020. #120  
In and Out was the first franchise location ever closed and the Franchise was never not profitable… it remained very popular and a destination.

The reason it closed is because employee and patrons vehicle break ins… several every day and the Franchise decided there is more to business than economics…

Ive never viewed planning/zoning as Economic… more of not in my backyard is the image that comes to mind.

City planners in the name of pushing housing traded an auto dealer with auto dealer sales tax plus city gross receipts tax for a fenced, paved unoccupied parcel generating zero income for city coffers.

Vibrant commerce is essential to most successful cities…

Instead we push below market housing with special carve outs and zoning changes for added density and foregoing all parking… and those resident must travel to other cities to shop… if the buses are running.

Nothing against your city personally, but I think that the data speaks for itself on how dysfunctional a state the city has gotten itself into, as your various examples aptly illustrate. New York City and Detroit came back, so I guess I have some hope, but I sure as heck don't know in terms of process how to improve things there myself.

All the best,

Peter
 

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