The Biden Economy

[nailer]

Originally Posted by Rajoo

I am not a fan of corporate welfare since it mostly benefits large corporations, but in this instance I am for it simply because its better than tax cuts to the 0.1%, especially if this creates real jobs.

Sounds like you're using the lesser of two evils political philosophy here. IIRC my income taxes went down with the GOP tax cuts. In any case, increasing the deficit to help out corporations is not my idea of good economic policy.

[Rajoo]

Originally Posted by nailer

Sounds like you're using the lesser of two evils political philosophy here. IIRC my income taxes went down with the GOP tax cuts. In any case, increasing the deficit to help out corporations is not my idea of good economic policy.

Yes, but the tax cuts were funded by borrowed money, so its artificial. But if governments funds corporations with seed money (as in tax credits) and this in turn creates jobs, it is good in the long run.

The GOP tax cuts was borrowed money and my taxes went up significantly because mortgage & property tax deductions got capped at $10K. Our property tax(s) was pushing to $30K!

[nailer]

Originally Posted by Rajoo

The GOP tax cuts was borrowed money and my taxes went up significantly because mortgage & property tax deductions got capped at $10K. Our property tax(s) was pushing to $30K!

A tax break for the wealthy removed and a sour grapes complaint on your part.

[Rajoo]

Originally Posted by nailer

A tax break for the wealthy removed and a sour grapes complaint on your part.

Median home price in the Bay Area is now $1.2 Million and the property tax would be around $14K. So this was a tax break removed from the "wealthy"? Reality, not sour grapes.

[nailer]

Originally Posted by Rajoo

Median home price in the Bay Area is now $1.2 Million and the property tax would be around $14K. So this was a tax break removed from the "wealthy"? Reality, not sour grapes.

Plenty of room for you here in my blue East Dallas neighborhood. Two houses up and across the street was sold as a teardown a few months ago, but no sign of a rebuild yet. The rebuilds in this area start at the SF Bay median.

[Rajoo]

Originally Posted by nailer

Plenty of room for you here in my blue East Dallas neighborhood. Two houses up and across the street was sold as a teardown a few months ago, but no sign of a rebuild yet. The rebuilds in this area start at the SF Bay median.

Coincidentally, both of our ex-neighbors moved to Dallas. They bought and sold the house next door to us and within a couple of years relocated to Dallas. Both are businessman and had transportable businesses. I did visit one of them in their home in Dallas, twice the house for half the price; 5 car garage, even a builtin movie theater, but I said no. Have always been allergic to Texas as a state to live in.

We relocated to Reno last January, real estate prices were reasonable up until the Californians started moving in and bidding up the asking prices. Low property taxes, energy & water costs (compared to CA) and the state is very well managed financially in my opinion unlike CA. Of course, the revenues from gambling and tourism is quite substantial for the population size.

[nailer]

Originally Posted by Rajoo

...
We relocated to Reno last January, real estate prices were reasonable up until the Californians started moving in and bidding up the asking prices...

This would be you.

[Pio1980]

Originally Posted by nailer

This would be you.

"Nobody goes there anymore, it's always too crowded".

[Dondilion]

Originally Posted by Pio1980

"Nobody goes there anymore, it's always too crowded".

That would be Kissimmee Florida and adjacent areas.

[whell]

Originally Posted by Rajoo

We relocated to Reno last January, real estate prices were reasonable up until the Californians started moving in and bidding up the asking prices. Low property taxes, energy & water costs (compared to CA) and the state is very well managed financially in my opinion unlike CA. Of course, the revenues from gambling and tourism is quite substantial for the population size.

Don't tell Bob. Bob is convinced that CA is a paradise that nobody wants to leave.