Glenn Youngkin and friends.

[Ball Security]

16 minutes ago, PokerPacker said:

Property taxes fund the schools.  And it's very evident.

Well, actually, state taxes from mostly Northern Virginians fund the schools. 
 

In most of VA, a county school system budget is made up of 25% local taxes and 75% from collected state taxes. Mostly. There is a sliver of Federal taxes that make it into the budget, but it’s pretty immaterial. Fairfax County, on the other hand, is the inverse of that. 75% of the budget come from local taxes and 25% come from the state.

 

At least this is what my Republican Board of Supervisors presented about five years ago when the VA General Assembly stripped funding for career transition programs for special needs students from Medicaid and passed them onto school budgets. Then school budgets, already at capacity, initially decided to cut those programs.
 

 

[Captain Wiggles]

All the more reason to get going on them recreational cannabis stores. Colorado has a 15% excise tax on top of the 15% sales tax which goes to funding school construction and maintenance. 😉

[PleaseBlitz]

On 11/8/2023 at 7:18 PM, TheDoyler23 said:

The L’s keep coming. Word came out this PM that the Government is moving the FBI to Maryland (Greenbelt and Landover areas). 
 

https://wjla.com/amp/news/local/fbi-headquarters-greenbelt-maryland-prince-georges-county-site-metro-station-selected-new-hq-general-services-administration-angela-alsobrooks-governor-wes-moore-springfield-virginia-youngkin

 

Finessed. 

This is not a done deal. 
 

https://www.cnn.com/2023/11/09/politics/fbi-director-wray-raises-concerns-about-selection-of-maryland-as-site-for-bureaus-new-headquarters/index.html

[Momma There Goes That Man]

On 11/8/2023 at 5:26 PM, Cooked Crack said:

This thread would have been jumping last night

I had this one all saved and ready to go

 

(language)

Spoiler

 

[Larry]

1 hour ago, PokerPacker said:

Property tax does target rich and old people, though, these days, since the standard youngin' can't afford no damn property

 

Just pointing out that I have this problem with the notion that renters don't pay property taxes. (A myth that I hear a lot, here in my college town.)

 

Just an opinion, but I'm pretty sure that

 

1)  Rental property gets taxed, too. (And doesn't get that homestead exemption or those other things)  

 

2)  And the landlord factors those taxes into the rent. (Along with a cut for himself.)

 

The renter does not directly pay the property taxes. 

 

[Captain Wiggles]

2 minutes ago, Larry said:

 

 

The renter does not directly pay the property taxes. 

 

 

Depends on how the lease is written, at least in NC. Most leases include the cost in the rent. For obvious reasons. One doesn't wanna risk losing theys property cuz a tenant failed to pay the property taxes. 

[PokerPacker]

9 minutes ago, Larry said:

 

Just pointing out that I have this problem with the notion that renters don't pay property taxes. (A myth that I hear a lot, here in my college town.)

 

Just an opinion, but I'm pretty sure that

 

1)  Rental property gets taxed, too. (And doesn't get that homestead exemption or those other things)  

 

2)  And the landlord factors those taxes into the rent. (Along with a cut for himself.)

 

The renter does not directly pay the property taxes. 

 

I think landlords just let algorithms accidentally-on-purpose collude on rent so rent is completely removed from costs and just extracting maximum possible money from renter.

[Larry]

3 minutes ago, Captain Wiggles said:

 

Depends on how the lease is written, at least in NC. Most leases include the cost in the rent. For obvious reasons. One doesn't wanna risk losing theys property cuz a tenant failed to pay the property taxes. 

 

Uh, I'm pretty sure the taxes are included in all rents. Since the alternative is the owner forgot to budget for that, and he's just going to take that much as a loss. 

 

Just like the rent includes anticipated maintenence costs. Occasional replacement appliances, and other expenses. 

Just now, PokerPacker said:

I think landlords just let algorithms accidentally-on-purpose collude on rent so rent is completely removed from costs and just extracting maximum possible money from renter.

 

Well, there's that, too. Just saying I'm pretty sure that every landlord makes sure to collect enough rent to cover the taxes. 

[PleaseBlitz]

18 minutes ago, Larry said:

And the landlord factors those taxes into the rent. (Along with a cut for himself.)

The landlord will charge the maximum price he can get. Like, if a property’s taxes went DOWN, he’s not lowering the rent. 
 

If the taxes go up so much that the rent he can get won’t cover the taxes (along with the mortgage and other expenses), he will sell the property because it is no longer profitable (unless the appreciation makes holding the property worth it). 

Edited November 10, 2023 by PleaseBlitz

[Captain Wiggles]

5 minutes ago, Larry said:

 

Uh, I'm pretty sure the taxes are included in all rents.

 

Once again it depends on what's specified in the lease. Most owners include it in the rent tho because ultimately they're responsible for it as I splained. 🤓

[Ball Security]

19 minutes ago, Larry said:

 

Just pointing out that I have this problem with the notion that renters don't pay property taxes. (A myth that I hear a lot, here in my college town.)

 

Just an opinion, but I'm pretty sure that

 

1)  Rental property gets taxed, too. (And doesn't get that homestead exemption or those other things)  

 

2)  And the landlord factors those taxes into the rent. (Along with a cut for himself.)

 

The renter does not directly pay the property taxes. 

 

I would argue that property tax increases affect renters more than home owners. For example, my taxes go up by $83/month. I’m not going to raise the rent $83, I’m going to raise the rent $100.

[PokerPacker]

6 minutes ago, Ball Security said:

I would argue that property tax increases affect renters more than home owners. For example, my taxes go up by $83/month. I’m not going to raise the rent $83, I’m going to raise the rent $100.

See above.  You're already raising the rent as high as you can regardless of property tax.

[Ball Security]

1 hour ago, PokerPacker said:

See above.  You're already raising the rent as high as you can regardless of property tax.

Not necessarily. I’ve been renting out my place for 10 years now. I’ve gone several years without raising the rent. Because let’s say the market allows me to raise the price $200. If I have good tenants, that $200 may drive my tenants out. Then I have to turn the place over which costs time and money. If I lose a month of occupancy, it’s going to take about a year to recoup that lost month. I typically try to seek out tenants who will sign a multi year lease where they can lock into a price. I’ve had turnover the past two years and have been fortunate to only have five days of it being unoccupied. But there’s always the risk that it could be vacant for a month or so.

[PokerPacker]

5 minutes ago, Ball Security said:

Not necessarily. I’ve been renting out my place for 10 years now. I’ve gone several years without raising the rent. Because let’s say the market allows me to raise the price $200. If I have good tenants, that $200 may drive my tenants out. Then I have to turn the place over which costs time and money. If I lose a month of occupancy, it’s going to take about a year to recoup that lost month. I typically try to seek out tenants who will sign a multi year lease where they can lock into a price. I’ve had turnover the past two years and have been fortunate to only have five days of it being unoccupied. But there’s always the risk that it could be vacant for a month or so.

That may be true for you and some individuals, but the vast majority of rentals are corporate landlords and they love colluding via third party pricing software to maximize prices.

https://arstechnica.com/tech-policy/2023/11/14-big-landlords-used-software-to-collude-on-rent-prices-dc-lawsuit-says/

I'll note that Greystar, which was mentioned in that article, was the management company for my rental which saw my rents rise by $1000/month over five years, or about a 60% increase.  That's not property taxes at work.

[Captain Wiggles]

Big news here in Southern Virginia today is theys banning "skill games". Bye bye video poker. 😢

 

My guess is it's so there's less competition for the casinos being built. 

[PokerPacker]

3 minutes ago, Captain Wiggles said:

Big news here in Southern Virginia today is theys banning "skill games". Bye bye video poker. 😢

 

My guess is it's so there's less competition for the casinos being built. 

How many of those "skill games" are tilted against the player even if they're optimally skilled?

[Captain Wiggles]

Just now, PokerPacker said:

How many of those "skill games" are tilted against the player even if they're optimally skilled?

 

Every damn one of them. 🤣

[TheGreatBuzz]

Paying property taxes is for chumps.

[Captain Wiggles]

27 minutes ago, TheGreatBuzz said:

Paying property taxes is for chumps.

 

Disabled veteran exemption?

[TheDoyler23]

11 hours ago, PleaseBlitz said:

This is not a done deal. 
 

https://www.cnn.com/2023/11/09/politics/fbi-director-wray-raises-concerns-about-selection-of-maryland-as-site-for-bureaus-new-headquarters/index.html

Sounds more like a Trump appointee having a hissy fit to me.
 

I mean, what is the recourse? The State of VA going to sue? 
 

[PokerPacker]

1 hour ago, TheDoyler23 said:

Sounds more like a Trump appointee having a hissy fit to me.
 

I mean, what is the recourse? The State of VA going to sue? 
 

Maybe the FBI will sue.  Who wants to be stuck in Maryland?

[Ball Security]

11 minutes ago, PokerPacker said:

Maybe the FBI will sue.  Who wants to be stuck in Maryland?

I don’t know how the FBI goes about there day to day. But if they typically go from DC to Quantico or vice versa, having the office in Grreenbelt makes that a lot more difficult than Springfield. Why are they leaving the DC building in the first place?

[PleaseBlitz]

42 minutes ago, Ball Security said:

I don’t know how the FBI goes about there day to day. But if they typically go from DC to Quantico or vice versa, having the office in Grreenbelt makes that a lot more difficult than Springfield. Why are they leaving the DC building in the first place?

 

The DC building is falling apart.

 

 

[Ball Security]

2 minutes ago, PleaseBlitz said:

 

The DC building is falling apart.

 

 

I had read that. (After I posted) But you would think it would be more beneficial to taxpayers to put money into repairing/modernizing the current building and using satellite sites instead of purchasing land and building new.

 

I could be wrong though, starting over completely could be a better use of tax payer money. I haven’t seen the case studies published. I think it would be good for transparency.

[PleaseBlitz]

13 minutes ago, Ball Security said:

I had read that. (After I posted) But you would think it would be more beneficial to taxpayers to put money into repairing/modernizing the current building and using satellite sites instead of purchasing land and building new.

 

I could be wrong though, starting over completely could be a better use of tax payer money. I haven’t seen the case studies published. I think it would be good for transparency.

 

My understanding is the Hoover Building (1) is not capable of being modernized to the extent the FBI needs it to be and (2) the land the building is on is very valuable and selling it washes out a lot of the cost of constructing a new building. 

Edited November 10, 2023 by PleaseBlitz