posted ago by highenergywinning
+109 / -0
He referred to the mask wearers as sheeple. Then brought up 'lets see what happens after the fake inauguration today" i said i wouldn't be watching to which he replied "neither will i" 👌🏼
He referred to the mask wearers as sheeple. Then brought up 'lets see what happens after the fake inauguration today" i said i wouldn't be watching to which he replied "neither will i" 👌🏼
How’s the market in Cal?
Im actually in NV but a friend in Ca said its crazy there. Not sure why. Here in NV its hot as well w lots of ppl coming from Ca
They keep leaving California but taking their trash ideas with them
Hedge against inflation, interest rates ridiculously low, escaping CA taxes and cost of living. Maybe these guys can work from home now and don't need to be in California.
What do you suggest
Oh I was merely listing the reasons our real estate in Nevada was perhaps doing so well despite a pretty bad economy. Locking in at these low rates when it seems inevitable inflation will be a factor doesn't sound like the worst idea.
My home state of Connecticut is experiencing a literal boon despite a pro shut down governor, a shaky economy and high taxes. But its artificial and due in large part to people fleeing NYC . Many of them are now working from home and have left to buy a house in the suburbs versus an apartment in NYC under an insane mayor.
The tax situation will prove interesting. If your job is in NYC but you are essentially working from home permanently, who gets the state taxes? Connecticut is arguing its their money as your permanent work place is there now not NYC. This will be an even bigger issue between tax free Nevada and high tax California.
My cousin bought a seven figure home just outside of San Diego just this summer but its value is falling albeit slightly, so I don't know. I thought our real estate would tank here because who knows how long it will take before the tourism trade turns around. Maybe the truth is that real estate isn't really rising its our dollar thats collapsing.
Ah Yes same is happening here. Manyhotels are not open M-W. this town runs off tourism and it has been crushed. though lucky for us we already work remotely and not for the casinos. I believe it is artificial as well, which is another reason we are selling to cash in on the ppl fleeing ca. I feel a crash coming later this year. Re: state taxes. Those go to where youre residing. Ive had jobs in the past working remotely from my home in NV for companies in Ca and did not pay state income tax bc we dont have to in Nv
Yes because you worked and lived in Nevada you paid no income taxes to California. But had you commuted to California you would owe a nonresident income tax in California. That's the issue now in Connecticut as high earning Wall Street types are no longer going into their offices in NYC and are working from their homes in Connecticut. Connecticut now rightfully claims the situation is no longer temporary and although their offices may still be in NYC, they are living and working in Connecticut so Connecticut gets all the state tax money. Imagine Silicon Valley workers start working from their homes in Reno, California will lose that tax money. Its gonna be a problem for NY and CA if high income earnings no longer have to go to their offices in state and start working from Nevada and Connecticut instead.
Yes I agree I think we do see a decline in Nevada real estate as I expect the tourism industry may be hampered permanently. But who knows. In my very humble opinion what we are seeing is a dollar collapse not a real estate boon. Hey this is uncharted waters so I think everyone is playing the guessing game. Best of luck to you.
To you as well
Prices are almost low enough for banks and China to step in....
What do you think the real estate market is going to do?
See the obama years