patrick.net
An Antidote to Corporate Media
1,203,088 comments by 14,285 users - Al_Sharpton_for_President, DhammaStep, GNL, goofus online now
invite response« First « Previous Comments 78 - 85 of 85 Search these comments
78
NuttBoxer
2018 Apr 18, 9:38am
NuttBoxer
2018 Apr 18, 9:38am
Patrick says
When you say don't improve the building, I'm pretty sure we're all thinking slumlords, hence my scummy reference.
I understand the point, but I don't think the government, i.e. taxes, is a solution. Yelp is a start, but if you look at property management companies, is there a single one that doesn't have a terrible Yelp review? We need something better to help good renters distinguish where they will be best appreciated and serviced. I mentioned my ideas on this before.
Landlords who build or maintain buildings are providing a service to the public. I don't think that's scummy at all. It's valuable work.
My point is only that merely owning land is not a service to anyone.
When you say don't improve the building, I'm pretty sure we're all thinking slumlords, hence my scummy reference.
I understand the point, but I don't think the government, i.e. taxes, is a solution. Yelp is a start, but if you look at property management companies, is there a single one that doesn't have a terrible Yelp review? We need something better to help good renters distinguish where they will be best appreciated and serviced. I mentioned my ideas on this before.
79
Patrick
2018 Apr 18, 1:00pm
Patrick
2018 Apr 18, 1:00pm
SFace says
@SFace why not? Seems like an excellent idea to tax non-productive rent-seeking and stop taxing income and commerce.
There will be no land value tax.
@SFace why not? Seems like an excellent idea to tax non-productive rent-seeking and stop taxing income and commerce.
80
Reality
2018 Apr 18, 1:31pm
Mandy Lifeboats says
Assuming the new lease will last a year, that's 14% increase over 3yrs, or less than 5% a year. My property tax and water bills (city/town monopolies) all have been rising at faster than 5% a year in the last few years. Even that particular landlord of yours is keeping rent increase at slower pace than what a government bureaucracy would have done.
As you can see, she can only raise rent when all her competitors are raising. That's why they are all rising at slower pace than what the town tax collectors and water departments are raising on them, effectively cushioning some of the price increase by those monopolies. If the government bureaucratic monopoly had been in charge of housing, they'd be raising rent even faster.
Moving outdoors or buying your own place or moving to a different landlord's house costing you less might just be 3 viable alternatives, and your move will also help keep rent down for other renters.
I know mine is (a parasite).
Raised our rent $200 (14% increase, Las Vegas) after 2 1/2 years of on time payments with no calls for anything.
Assuming the new lease will last a year, that's 14% increase over 3yrs, or less than 5% a year. My property tax and water bills (city/town monopolies) all have been rising at faster than 5% a year in the last few years. Even that particular landlord of yours is keeping rent increase at slower pace than what a government bureaucracy would have done.
Reason given by PM - rents are really going up, with a tone of amazement, slight glee.
As you can see, she can only raise rent when all her competitors are raising. That's why they are all rising at slower pace than what the town tax collectors and water departments are raising on them, effectively cushioning some of the price increase by those monopolies. If the government bureaucratic monopoly had been in charge of housing, they'd be raising rent even faster.
Place is not premium, by any stretch of the imagination. With a large desert scrub backyard and two pets, I might as well live outdoors with all the dirt dragged in. .
Moving outdoors or buying your own place or moving to a different landlord's house costing you less might just be 3 viable alternatives, and your move will also help keep rent down for other renters.
81
Reality
2018 Apr 18, 2:24pm
Patrick says
What's the difference between sitting on land vs. being a city planner? The latter forcibly collects salary and pension from taxpayers, the former is a volunteering stakes-holder.
SFace saysThere will be no land value tax.
@SFace why not? Seems like an excellent idea to tax non-productive rent-seeking and stop taxing income and commerce.
What's the difference between sitting on land vs. being a city planner? The latter forcibly collects salary and pension from taxpayers, the former is a volunteering stakes-holder.
82
SFace
2018 Apr 18, 3:02pm
SFace
2018 Apr 18, 3:02pm
Patrick says
The best ideas in the world does not make it policy. There is absolutely no momentum to change the current property tax system, and there is none for this generation. It's so unpopular that this idea is used almost nowhere. In a way, it is somewhat a land value system anyone because the land more or less drives the tax directly.
I think you mentioned HK and Singapore as model places for LVT. Have you seen condo prices in these places, we are talking 2K a square feet (with 25% of that for common area so its effective $2,500 USD per square feet because we don't count common area) so prices are twice as expensive as SF proper and Manhattan. LVT does not work. In places you think it works, property prices is at puke level.
SFace saysThere will be no land value tax.
@SFace why not? Seems like an excellent idea to tax non-productive rent-seeking and stop taxing income and commerce.
The best ideas in the world does not make it policy. There is absolutely no momentum to change the current property tax system, and there is none for this generation. It's so unpopular that this idea is used almost nowhere. In a way, it is somewhat a land value system anyone because the land more or less drives the tax directly.
I think you mentioned HK and Singapore as model places for LVT. Have you seen condo prices in these places, we are talking 2K a square feet (with 25% of that for common area so its effective $2,500 USD per square feet because we don't count common area) so prices are twice as expensive as SF proper and Manhattan. LVT does not work. In places you think it works, property prices is at puke level.
83
bob2356
2018 Apr 18, 9:17pm
SFace says
Let's make America the land of million dollar 500 sq ft (150 sq ft of that is common area) studio apartments just like Hong Kong. MAGA.
LVT does not work. In places you think it works, property prices is at puke level.
Let's make America the land of million dollar 500 sq ft (150 sq ft of that is common area) studio apartments just like Hong Kong. MAGA.
84
Patrick
2018 Apr 19, 9:59am
Patrick
2018 Apr 19, 9:59am
Even with a land value tax, there will still be a rental market and in places with tons of jobs rents will still be high.
But the economy is much better for everyone (except big landowners) under a land value tax. The tax is non-destructive of work and commerce. Note that salaries in Hong Kong and Singapore are also off the charts.
But the economy is much better for everyone (except big landowners) under a land value tax. The tax is non-destructive of work and commerce. Note that salaries in Hong Kong and Singapore are also off the charts.
85
bob2356
2018 Apr 19, 1:12pm
Patrick says
Then why do they rank 9th and 20tn in expat salaries? Using expat salaries is an excellent way to weed out distortions for high cost of living places where low end workers are frequently transient and not counted properly in the averages since the expat workers are much more likely to be same comparable.group in different cities.
Patrick says
and your proof of this is what other than I believe it should be true. Especially since your examples of HK and singapore both have income taxes.
Note that salaries in Hong Kong and Singapore are also off the charts.
Then why do they rank 9th and 20tn in expat salaries? Using expat salaries is an excellent way to weed out distortions for high cost of living places where low end workers are frequently transient and not counted properly in the averages since the expat workers are much more likely to be same comparable.group in different cities.
Patrick says
But the economy is much better for everyone (except big landowners) under a land value tax. The tax is non-destructive of work and commerce.
and your proof of this is what other than I believe it should be true. Especially since your examples of HK and singapore both have income taxes.
« First « Previous Comments 78 - 85 of 85 Search these comments
To be fair, the construction and maintenance of a building is productive work, so rent on a building should not be taxed at all.
But rent from mere non-productive ownership of land should be taxed at 100%. Owning land benefits no one and produces nothing.
Once we as a society learn to distinguish between productive work and non-productive rent-seeking, we will be much better off. But it's slow going. People seem remarkably resistant to the obvious fact that the building and the land are very different entities.