Favorite team:LSU 
Location:NOLA
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Number of Posts:41291
Registered on:7/22/2009
Online Status:Not Online

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quote:

A lot landlords in this thread seem to be struggling. Why are you doing it if you’re not making money.


Because the real goal is to break even / slight cash flow and benefit from appreciation.

Lot of whining around here from bad businessmen
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You should stick to being a forever tenant because you have zero clue how things work


If taxes go up… and landlords decide to cover their costs? It will stick

Now if some landlords are bad businessmen or are trying to undercut the market…
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Property taxes are to renters as tariffs are to consumers.


Tarrifs increase… prices increase
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Every business builds costs into its prices. That doesn’t magically transfer the legal obligation to the customer. Property taxes are owed by the property owner. Period. Renters help fund the landlord’s business, just like customers help fund Walmart’s electric bill. Those aren’t the same thing. I would suggest deleting this post to save yourself the embarrassment.


Why when you just made my argument for me?

Ask yourself this.

If property taxes were eliminated tomorrow, would rents increase, decrease, or stay same?
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Homestead exemption is a problem. Value hasn’t increased since 1980. 75k back then is the same as a 500k plus house now. That’s the problem


That would put more of a burden on renters
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I have rental property, it's about market value in that particular location, & I can't necessarily increase it due to a tax increase. My taxes have tripled within the past 10 years & rent increased only 10%-15%.


You should sell those properties

I’m guessing there is a reason you do not
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The tenant can just jump to a cheaper place when their renewal time comes


And you can raise your price when renewal time comes

Free market
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Renters should not be allowed to vote for property tax increases. Period. You clearly rent, and have no business voting to increase a tax burden on someone who is competent enough to have good credit and own a house.


I’ve owned a house for last 11 years, and 17 out of last 20.
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It’s happening in a lot of markets right now for a variety of reasons


Just about the entire country has a shortage of rental property

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Shifts in rental demand do not automatically translate into lower property values.


Rental property in many places qualifies for income approach to valuation

.
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If you are locked into a two-year lease with a set rate and you vote on a millage increase, how does that affect you as a renter?


How many residential rentals have a 2 year term?? Not many.

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Do you really think the average renter cares about millage increases enough to understand that it may or may not affect their rental rate? What about those who receive housing vouchers? Do you think they care at all?


Are you a slum lord?
I think Trump made a mistake endorsing Letlow

Trump is very popular among LA republicans so this result is no surprise.

I think Fleming was the better candidate but it’s hard to beat Trump here

Trump will be gone in 2 years Letlow will be here at least 6.
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Time to bring back the 3/5ths Compromise and apply it to renters.


Considering renters pay more in tax… maybe 3/5ths should apply to people who own and live in their home…
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but is still taxed based on millage rates determined/voted on by others


The tax you pay is millage x value

If value decreases, tax paid goes down
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Renters don't pay property taxes. They pay a market rate to rent a property. If the market rate declines due to a demand drop, they pay less in rent, but the owner's tax bill doesn't decrease.


If market rents decrease (which rarely happens) then the value of the property is decreased, and the landlord can argue for a lower assessed value.

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Renters are shielded from a lot of the headaches of ownership and can easily move yearly, monthly, etc. if they find their situation unsuitable. Much harder to sell a house and move,


Ok but irrelevant to the discussion at hand

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which is why many people feel renters should be excluded from voting on taxes and bills that affect actual owners


They effect everyone
This has got to be one of the dumbest financial things I have ever heard.

Property taxes are an expense of the building owner. Just like some of your rent payment is covering maintenance or the mortgage, some of it absolutely is covering the property taxes.

Further, homestead exemption does not qualify for rental property, so a person who rents a $150,000 valued house is paying MORE than the guy who owner occupies the same value house.

We had a property tax election yesterday and the number of “hurr durr renters don’t pay property taxes” comments was disturbing.
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Like most court decisions, yall are commenting on the policy and not the law. This was a statutory construction ruling - and probably the correct one. This is independent of the wisdom of the statute itself.


Yes, this problem is easily solved.

Just change the law.

The problem of course is that with a 60 vote filibuster it’s hard to change any laws.
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Ref isn’t going to call the game 99% of the time if the trailing team is attacking I think that’s how it works.


Yes it seems like to me they won’t kill a play - they wait until a play ends

No different really than football… if you snap before 00:00 the play continues until it ends
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Seems an accurate representation of the city, honestly


Does the tv station only get watched in city limits?
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So much for living in a nation where people are not judged by the color of their skin but by the content of their character, huh?


Judging by their discussions and reporting, they must have gotten the jobs due to the color of their skin,
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Sorry you are so easily triggered. Have you tried being a man instead of a soft soyboy? Ask your doctor if you have pussyitis


Man… go touch some grass…
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"None of these kids even existed in the eyes of the government. CPS had never been out there, nobody knew about these kids, they had not been to school," says Leyton.


Yet CPS will harass a dad for spanking a 9 year old

How does a child even get that heavy? Ding dings for every meal would not get you there
Sitting in waiting room

4 people on the set… 2 fat black women, a black guy, and a clearly gay white male meteorologist

Thus once great station has become a DEI warehouse

Oh, and 4 commercials in a single break that either were pro Letlow or anti Fleming