Liberal Forum

And for the record your goal is to be #2 on that food chain (corps / big biz C suite / major investor / bank stakeholder)…#3 has to deal with increasingly burdensome property taxes, insurance, HOA fees, etc

Even @FOS  said property taxes have eaten into almost all his capital gains. 

 

Who wouldn’t want a govt bailout! BILLIONS of dollars “for free!” 

 
 

LowIQTrash » 31 Aug 2024, 11:26 am » wrote: ↑

31 Aug 2024, 11:26 am

And for the record your goal is to be #2 on that food chain (corps / big biz C suite / major investor / bank stakeholder)…#3 has to deal with increasingly burdensome property taxes, insurance, HOA fees, etc

Even @FOS  said property taxes have eaten into almost all his capital gains. 

 

Who wouldn’t want a govt bailout! BILLIONS of dollars “for free!”

I thought your boyfriend lived in Canada.

LowIQTrash » 31 Aug 2024, 11:25 am » wrote: ↑

31 Aug 2024, 11:25 am

Good post. The government wouldn't get their bailout money unless people are working paycheck to paycheck. What a **** system we live in.

Vegas » 31 Aug 2024, 12:46 pm » wrote: ↑

31 Aug 2024, 12:46 pm

Good post. The government wouldn't get their bailout money unless people are working paycheck to paycheck. What a **** system we live in.

Just designed to extract other people’s labor. I know an Asian buffet owner in San Jose, CA took about $1M in PPP “loans” (courtesy of the Trump administration) in 2020 and never paid it back. He bought a house with it probably as a rental property.

Biden’s administration gave billions to Intel to be “more competitive” in the semi industry. Intel’s stock COLLAPSED recently and they laid off 1,500 workers.

It’s bipartisan.

LowIQTrash » 31 Aug 2024, 11:26 am » wrote: ↑

31 Aug 2024, 11:26 am

And for the record your goal is to be #2 on that food chain (corps / big biz C suite / major investor / bank stakeholder)…#3 has to deal with increasingly burdensome property taxes, insurance, HOA fees, etc

Even @FOS  said property taxes have eaten into almost all his capital gains. 

 

Who wouldn’t want a govt bailout! BILLIONS of dollars “for free!”

I don't think FOS has any idea what he's talking about.

Even @FOS  said property taxes have eaten into almost all his capital gains

 

Blackvegetable » 01 Sep 2024, 6:58 am » wrote: ↑

01 Sep 2024, 6:58 am

I don't think...

Finally, you said the truth. This is the first time that you have not posted a lie. 

Blackvegetable » 01 Sep 2024, 6:58 am » wrote: ↑

01 Sep 2024, 6:58 am

I don't think FOS has any idea what he's talking about.

He meant his cumulative P Tax expense =~ capital gains

LowIQTrash » 01 Sep 2024, 3:04 pm » wrote: ↑

01 Sep 2024, 3:04 pm

He meant his cumulative P Tax expense =~ capital gains

Capital gains from what?

Blackvegetable » 01 Sep 2024, 3:36 pm » wrote: ↑

01 Sep 2024, 3:36 pm

Capital gains from what?

Agricultural RE 

I am not a RE expert but my understanding is ARE is stable and doesn’t fluctuate much either up or down, and cash flow is not noteworthy. So it’s not a stretch when he says that property taxes have cancelled out whatever unrealized capital gains he accumulated over the years.

LOVED THE GOOD OLD DAYS. MAKE OUT FAKE BANK LOAN PAPERS. GAVE FAKE COMPANIES FOR VERIFICATION. YOU GAVE FAKE ADDRESSES. WHEN THE MAIL CAME IN, YOU FILLED OUT THE VERIFICATION OF EMPLOYMENT AND INCOME. BEST WAY TO ROB THE BANK. 

ONLY A SUCKER WORKS IN USA. WANT A TV? GIVE A BLACK BOY AND DRUG PILL IF IT WILL LOOT A TV. IF CAUGHT THE BLACK BOY IS ONLY TOLD , YOU ARE INNOCENT, SOCIETY MADE YOU DO IT.

LowIQTrash » 02 Sep 2024, 12:59 am » wrote: ↑

02 Sep 2024, 12:59 am

Agricultural RE 

I am not a RE expert but my understanding is ARE is stable and doesn’t fluctuate much either up or down, and cash flow is not noteworthy. So it’s not a stretch when he says that property taxes have cancelled out whatever unrealized capital gains he accumulated over the years.

What are his "unrealized capital gains"?

Either he works the land (unlikely), or he leases it to someone who does. That gives him income. His land may appreciate - though, as you point out, the value tends to move slowly. 

If property taxes exceeded the income derived therefrom, there would be no farming.

FOS is full of ****.
 

Blackvegetable » 02 Sep 2024, 6:49 am » wrote: ↑

02 Sep 2024, 6:49 am

What are his "unrealized capital gains"?

Either he works the land (unlikely), or he leases it to someone who does. That gives him income. His land may appreciate - though, as you point out, the value tends to move slowly. 

If property taxes exceeded the income derived therefrom, there would be no farming.

FOS is full of ****.

He never said P tax (annual) > rental income (annual).

He said / implied (Sigma symbol) P tax =~ unrealized gains.

Since he never sold, he is holding onto unrealized gains.

This is more about the opportunity cost of holding onto ARE (versus having capital allocated to some other asset class) rather than the raw net income calculation.

for ex. If FOS swapped his assets into long term bonds when they were at their peak yield he would have enjoyed more capital gains, higher cash flow (5%+), and not have to pay property tax (a major expense / headache). 

If his property tax is 2.5% and annual appreciation is < 4% that is indeed a bad investment. (To be fair he said he inherited it so he didn’t make that decision, and even if he sold he would have capital gains taxes to deal with)

I see nothing wrong or inaccurate about his statement.

———————————

(Edited for clarity)

 
 

LowIQTrash » 31 Aug 2024, 11:25 am » wrote: ↑

31 Aug 2024, 11:25 am

Great misdirection always away from the core source of mayhem, madness, misery when top down chain of command works inside out time adapting forward daily here now.

theaters of doubt on the world stage practiced by all 5 generation gaps live so far. The symbolic image doesn't include the other 3 parts of 6 degrees of separating life on intellectual planes daily.

LowIQTrash » 03 Sep 2024, 1:39 am » wrote: ↑

03 Sep 2024, 1:39 am

He never said P tax (annual) > rental income (annual).

He said / implied (Sigma symbol) P tax =~ unrealized gains.

Since he never sold, he is holding onto unrealized gains.

This is more about the opportunity cost of holding onto ARE (versus having capital allocated to some other asset class) rather than the raw net income calculation.

for ex. If FOS swapped his assets into long term bonds when they were at their peak yield he would have enjoyed more capital gains, higher cash flow (5%+), and not have to pay property tax (a major expense / headache). 

If his property tax is 2.5% and annual appreciation is < 4% that is indeed a bad investment. (To be fair he said he inherited it so he didn’t make that decision, and even if he sold he would have capital gains taxes to deal with)

I see nothing wrong or inaccurate about his statement.

———————————

(Edited for clarity)

One more time.

FOS has no **** idea what he's talking about. 

https://nationalaglawcenter.org/wp-cont ... eorgia.pdf

farmland in GA is taxed at 25% of its assessed value. The entire point is to maintain profitability for farmers. If you aren't generating the income to pay it, your land should be put to another use. 

But, you say, this isn't about income, it is about (implied) capital gains. Any such "gains" are in direct proportion to the income the land generates. Further, prop taxes aren't synchonized to impled future gains. They're based on periodic assessments reflecting market valie at a point in time.

FOS' dad knew his son was a boob, and put his assets in a trust managed by jews. To this day, all FOS understands about it is the distribution schedule.


 

Blackvegetable » 03 Sep 2024, 6:19 am » wrote: ↑

03 Sep 2024, 6:19 am

One more time.

FOS has no **** idea what he's talking about. 

https://nationalaglawcenter.org/wp-cont ... eorgia.pdf

farmland in GA is taxed at 25% of its assessed value. The entire point is to maintain profitability for farmers. If you aren't generating the income to pay it, your land should be put to another use. 

But, you say, this isn't about income, it is about (implied) capital gains. Any such "gains" are in direct proportion to the income the land generates. Further, prop taxes aren't synchonized to impled future gains. They're based on periodic assessments reflecting market valie at a point in time.

FOS' dad knew his son was a boob, and put his assets in a trust managed by jews. To this day, all FOS understands about it is the distribution schedule.


 

That 25% value, is it per hundred dollar increments of the land going for $100k dollars an acre?