Los Angeles Mansion Tax BACKFIRES
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- Опубліковано 12 кві 2024
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In this video I discuss the results 1 year in to Los Angeles's progressive mansion tax which had led to the complete destruction of apartment building in the city and county
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You mean "Taxing the rich" BACKFIRED? AGAIN?
Imagine my shock!
Every “tax the rich” scheme ends up landing squarely in the laps of the middle class.
"Taxing the rich" is LA's own language of "Making our government big"
@@brawndothethirstmutilator9848At this point you have to live under a rock to not see this is their ultimate goal...
Me and you can figure out how to tax the rich
We are not in charge
Anything LA does backfires on the premise of it being LA.
High property taxes are the goal… government workers don’t want affordable property. Got to pay for pensions
A contact with SNCF tried to get me involved with their Kalifornia high speed rail project. I declined. I told her exactly what would transpire and how thing would go wrong. I warned that in the end it would never happen an they would lose millions. The after years of bureaucracy the rail company opted to leave for the war-torn, yet “less politically dysfunctional,” North African country. It took less time to complete a larger project in my country than to just get past the payoffs for permits in Kalifornia.
We just wanted to get rid of the police. We didn’t want crime to go up. 🤪
Any law will likely have more people taking advantage of, rather than gov being able to enforce
Add SF and Oakland to that 🤣
The "Mansion Tax" isn't backfiring, it's working as intended. Owners of apartment complexes and other places that could be used as housing can't sell their buildings, which means that they can't pass them down to their children or other family members. That means, when they die, the buildings will become the property of the government, which is what the Domicile Tax was meant to do.
There are such things as trusts that protect the assets and keep it listed as the same owner: the trust, not the individual.
Isn't that blatantly unconstitutional, though? One of the best things about America (used to be, anyway) is our property rights.
@@Nexus_of_Sominus Their government doesn't care about that. After all Newsom said that they could ban guns despite the 2nd.
@@Nexus_of_Sominus
America has literally been trampling on property rights since its inception
@@davidparker9676 They still have to pay the fine to transfer ownership to the trust.
Bet $100 bucks the politicians and their friend's mansions were exempt from these taxes.
Rule #1 for Politicians is always: Make yourself exempt from the laws/rules/regulations/requirements you are forcing on everyone else.
If anything they'll be giving themselves a tax write off and a raise, after all they gotta spend all that brand new cash.
Yeap
They don't care as it will come from tax payers pocket as taxing people meant more money for them and that how corruption work in some part of countries.
Just like panera and the minimum wage raise.
The people who wrote that tax knew EXACTLY what was going to happen.
No they didn't. They had no clue. All of the LA politicians is demoncraps which means that they are complete morons. Otherwise, half of last year's citi council wouldn't be in jail.
I don't think so, I think they are actually that ignorant.
They are not judged by their accomplishments but by their intent. Tell people that a tax will help kittens and puppies, and you’ll get their vote.
Truth @@DovidM
Someone sure but plenty of them are just idiots. They push it because they genuinely think this will make a difference.
It is like the phrase used in anti- gun rhetoric fully semi- automatic guns. For people with basic gun knowledge we know that doesn't mean you can use a semi- automatic and rock and roll with it. However it keeps being used because some one on the anti- gun side rightly guessed that too many Americans are uninformed about guns to put it nicely and will think that phrase refers to Al Pacino's little friend he wants you to say hello to.
I will repeat this ENDLESSLY. I have 2 spare bedrooms. Because of government I will NEVER be renting them out cause I can't make my own contracts. Tenants have ETERNAL leases. Meaning unless they want to move out, nobody can make them. I could be housing a young family, two students, but nah. Not taking the risk on a bad tenant with an ETERNAL LEASE for an extra $500.
I know several property owners that sold their apartment buildings in L.A. county because they see bad things coming.
Some which escaped communism told me they have seen this scenario play out before in their home countries.
When squatters can take over your property with the blessing of the police and authorities, you know you are screwed.
Then they start to tell you that "You can't discriminate pet owners", and there are now so many properties absolutely getting trashed by the pets. Just wait till they tell you that "You can't discriminate against people that can't afford rent".
Eternal leases, WTF?
Can't you just raise the rent?
I guess if they are bad tenants, they'll trash it and not pay anyway.
@@alemswazzu They can take you to court and bankrupt you with frivolous claims.
It is a bad state to be a landlord... way too much liability and risk.
I am 100% with you I also have a vacant apartment in my property which I rented out ONCE, I don't need the 1200.00 and it sure as hell isn't worth the trouble, it took my wife and I 8 hours to clean when our renter left. NEVER AGAIN.
"Our margins is around 4%"
"What a coincidence, that's how much we'll be charging you!"
"Goodbye."
"We will tax you for leaving."
What you want to shut down and leave ha ha ha no we'll let your customers sue you for that.
@@GodOfPlague sue* but yeah it's like a cartoon character stepping on a rake and having the handle smack him in the face, only to turn and step on another rake...
New York City: I'm the most overpriced city in North America
Los Angeles: Hold My Bud Light
Toronto and Vancouver look with interest at these amateurs in price rising
It's actually a wine cooler
Oooo God!!!😂🤣😂🤣😂 That was good!!!!!
Idk, we got a lot of places here in Alaska that could give NYC a run for it's money. I don't recall anyone in NYC paying 34 dollars for a single oscar meyer hotdog made on the street.
*hold my fentanyl
The amount of well meaning legislation, passed by ignorant activists, that backfires is crazy. In fact, it's destroying our communities.
That is because they never think it through to its logical conclusion. They pass legislation with the premise of "rich people bad, make them pay" and don't think beyond that.
What's crazy is that you can pretty much guarantee and even identify unintended consequences but they keep at it like a hamster on a wheel. 🐹
It didn't backfire. It's doing exactly what it was intended to do. You folks need to start realizing that most of what is going on is intentionally, not a mistake or "unintended consequence"! It's not a slippery slope... it's an "engineered slide". They knew what they are doing... Democrats have been tricking the poor for decades. When you squeeze the nobility, it is the peasant that feels the pinch! The rich pass their tax liabilities down to their customers! They don't ever pay a single penny!
@@chuckwhitty1322
At which point do we finally realize that they are doing this on purpose. W o k e n e s s is M a r x i s m, and their goal is to subvert and undermine everything.
It's intentional some rich guy bank rolls some hippie to infiltrate and then brain wash a group of them n then they make more hipsters and activist lame
😂😂😂 California doesn’t want their people to have police,groceries & now apartments 😂😂😂
That freeway underpass is lookin' pretty good about now.
Don't want them to have HOMES!
Ne0 - feudaIism is the goal
@@EroticOnion23 Total agreement!!
Democrats only answer is to tax their way out of issues.
Even when faced with example after example of those taxes actually making things worse...
Everything they do is ass backwards.
you forgot the "they made." part
...and they issues don't get fixed. 😐
@@philipiano001 if the issues get fixed, then what are they going to campaign on?
I looked up the definition of “clusterfuck” and it just said - California. 🤣
Sean has done the impossible.
He converted Ana into a closet Republican voter LOL.
She finally had to smell a democrat. 🤣
My eyes widen when she acknowledged AJW.
There are three or four videos circulating through various UA-cam channels of her bashing core Democratic policies and Cenk Uygur like a bump on a log. And if he does respond, it is argue that the result of the policy in question is not what the Democrat voters wanted. Yet, the politicians won't reverse course. Why? Nobody on the left wants to hear the words, "Trump was right" ever and reversing their policies will generate a "Trump was right".
@@superdave8248 "Trump was right" is a mantra that could heal our cultural divide, I swear. Here's hoping
He was right about fixing her lol
Only going to spread. The activists priced themselves out of California. My neighbor moved and the first thing she told me about the new state was "omg, they didn't have any tenant protection clauses. We need to fix that." and then I said "but your rent is way cheaper than it was in California." "yes, but, we still need to protect tenants". "ok, but if you add that clause, and I'm the land owner, I need to raise prices to cover this added protection you want" and, you can literally see in their eyes, they NEVER considered this. Ever. In their minds, it's, they regulate, and it's done. Authoritarian. They never actually consider the fact that the other person will react
That’s why California people should not be allowed to leave. They vote for the same crap that is ruining their state.
California socialism is effectively turning young people in the state into indentured servants, yet young people here continue to overwhelmingly vote for these policies on the basis that they sound good.
Yes, then they come to red states and try to swing democrat.
They gaslight them enough, it begins to be the truth. Look at the new democrat slogan, "vote blue no matter who."
That might be because they kneecapped education, first.
@@calanon534 100%
I think it's because young people today are so used to someone else doing everything for them that it never even occurs to the that something might be THEIR responsibility, up to and including thinking for themselves so they swallow whatever they are told.
Reminds me of the "luxury tax" Massachusetts levied against boats costing over $100,000 back in the 90s. It ended up pricing out people who were just on the line of being able to afford a boat at that price. Which turned out to be most of them. End result was less revenue from less sales than the previous years. Brilliant.
Politicians forget that most “luxuries” are produced by middle class employees. When you tax luxuries you destroy middle class jobs.
And thousands of blue collar workers in the boating industry were laid off.
@@JasonJrake No, they don't forget. They don't want you to have nice things; they don't want to rub shoulders with the hoi polloi.
Well, MA added 4% tax on income over $1 mill so now we have a huge budget shortfall as those wealthy folks started moving away to RI and NH😂 I can’t wait to move out as soon as I can even though I don’t make anywhere close to that since now they’ll find a way to tax the middle class more to cover the gap in revenue!
@@FirstHandLLC damn! That’s crazy!
These politicians are ruining my state.
Wait till he gets to the google blacklist due to the "link" tax where California wants to tax Google based on linking to articles made by California content sites. Google then goes to using ai articles and shadowbans those previous sites. It's entertaining to watch California trip on banana peels. Sorry it harms you though.
Ruined.
Do you vote? ... Did you vote?
Deliberatly
"These voters are ruining my state." Corrected
Thomas Sowell wrote about this back in 2007 and things have only gotten worst since then and there’s an even bigger gap between Houston and San Francisco now.
Art Laffer also defines this behavior with the “Laffer Curve”.
Whatever the issue, Thomas Sowell has talked about it more than a decade ago, and with more clarity than anyone else before or since.
I remember hearing from a friend that, when building in Cali, you can't just use any wood. You have to use wood that is cleared by the feds and is a local distributor.
This is so dystopian.
Calif. allows squatters - landlords are unable to turn off their power or water and have to sue to get them out - It is BS!!!!!!!!!!!!!!
The property owner is just a tax slave, that is it. Just pay up and shut up. The taxes pay for failing schools and more corruption.
California is rapidly becoming a corrupt banana republic.
Protecting those who break the law, while punishing those who follow the law.
And then they wonder why there is so much crime going on.
@@Cloud_Seeker But according to democrats crime isn't higher, its going down.
@@rizon72I bet you don’t even live in California, do you!?
@@mobiusbelts3607 Not anymore thank goodness.
But I can read and listen to what democrats are saying.
How could they possibly think this would only apply to "mansions" if they didn't specify this tax applied only to large single household homes? it's not a mansion tax it's a moderately large building tax.
How could anyone think there are enough "mansions" to generate a Billion dollars without including MOST other buildings? The tax was only 5%.
I'm guessing these bills are written with intentionally vague language so they can be "interpreted" in whatever way they exploit it the most. Heck why do you think some are a hundred pages long, and full of hidden riders.
"California's state bird is a swarm of locusts!" - Razorfist
He ain't wrong
@@GodOfPlague😮
It is a vulture, picking the last scraps off your bones.
@@davidparker9676 locusts are worse. At least a vulture waits until it's long gone and will stop once full. Locusts will eat everything in sight then move on, they don't get full, they just eat. They'll even eat other locusts.
The quail quails.
A tax on the rich that hurts the poor…who could have seen that coming….
😢 Look as everything will hurt the poor as people think they are deadbeats and therefore at the end poor people will always take the beating.
@@rollinia7770 not everything. Just targeting the haves over the have nots have historically never worked in any civilization, country, or city. The closest it ever got was deep communism in large scale countries which also has many big problems especially more corruption than most other govt structures (ie. China, North Korea, Vietnam, etc). Just don't repeat history 🤷🏻♂️ Pretty simple.
If you want to help the poor: increase the opportunity for education so that they can vertically move up in the world, decrease taxes on the poor since the rich already pay most of the greater majority of the taxes here in the US but also in many other countries, cut govt redundancies, increase govt jobs outside of the private sector so that there's more competition for fair pay and benefits, subsidized healthcare, change auto and health insurance plans to cover the family or vehicle instead of per individual pay which is dramatically higher unlike other countries, give tax write offs to private landlords instead of corporate ones to again drive more competition so that rent prices go down, etc. North Europe figured a lot of this out. They still have issues but it's a lot more contained there than it is in the US
Cost effective spending and wealth taxes to redistribute 10 percent of their wealth over 30 years would. And creating a new one tenth rule where they can’t have a higher percent of the wealth as a group relative to one more tenth of their wealth then they have now going to the poor
The use of Ana saying she agrees with you gets me so good every time 😂
It's almost funny how stupid they are that they didn't even do it per unit
Naw they're going to buy them up and run them
You say stupid, I say malicious. Some of the politicians and bureaucrats were just stupid, but these bills are often written by people who intend this.
I had a small franchised pizza business in Redondo Beach, CA, and if I wanted to extend the ventilator in my own restaurant, I'd have to suffer massive charges from the city,
Or option B
Pay to have the ventilator extended, and if an inspector HAPPENS to notice something looking different, just claim that it's always been like that.
Naturally a responsible civic minded entrepreneur with integrity such as yourself chose option 1. Naturally
@@scroogemcduckismyspiritanimal Oh quite indeed unquestionably without any doubt.
Honestly it's not a huge surprise. A few years ago California was also trying to push the ability to tax people who left the state for 10 years after they left. They knew their laws were so bad people would leave, so they wanted to keep taxing people after the fact.
Until the SCotUS slapped them down, California tried to tax income you earned in other states if you lived in California for part of the year. AFAIK, California still tries to tax your income earned abroad (i.e. you moved out of the U.S.) if your last state of residence in the U.S. was California (they still consider you a California resident because you didn't move to another state).
100% predictable and was so predicated by those of us who are SANE!.
At some point, after so many bad ideas that smart ppl know will result in making things worse, you HAVE to start thinking they are destroying things on purpose.
Final stage after decades of infiltration that was first called out by Tailgunner Joe.
Anyone remember how New York's laws were changed so that after an apartment's was renovated the owner could only raise the rent so much? This discouraged people from renovating apartment's because it was no longer affordable, and thus were unable to rent the properties because they were no longer up to code and everything in them was worn out.
The same thing happened in ON.Canada. My new neighbors are paying twice what I am. I am old, and my neighbors are young people who should be buying homes. Very sad
They need to make it illegal for non citizens to own multiple units to rent out. Last time I checked 40% of rental units have been vacant for over a year because the rent prices are outrageous I'm 100% okay will the government seizing property if it's not being used and unreasonably priced
@@yungblod8975 Yeah give those to gowerment and they just house junkies and other undesirable scum on earth. I'm not from USA and even I don't trust my goverment not to do just that.
@yungblod8975 honestly, if ownership was a benefit of citizenship, many things would likely improve
@@yungblod8975 "I'm 100% okay will the government seizing property if it's not being used and unreasonably priced."
Let me take a moment to formulate an adequate response that wont be misinterpreted....
Pizss off tyrant.
Yes, I think that about covers it.
The mansion tax also applies to raw land. So if a develper buys raw land for 5 million or more, the tax is triggered. Then he develops the land into an apartment complex and sells it. The tax is triggered again. This is on top of all the various permitting fees. This is a huge disincentive to build apartments, commercial property, industrial projects... not just mansions.
So what’s the solution
@@edgarneil The solution starts with tea in the harbor.
@@Br3ttM is that a iddle
Back in the day it was "no taxation without representation." now it is "No taxation without housing."
@@edgarneilremove all the taxes and burdens and let the damn market operate.
A tax raises the overall cost of x product whether it’s a home or a widget. If you want more widgets at a lower cost, you let the market determine the prices.
Take this tax to a logical extreme as a thought experiment; what happens if the government sets the price of a widget lower than what it costs? Immediate shortage. Milton Friedman said it best, “f you want to create a shortage of tomatoes, for example, just pass a law that retailers can't sell tomatoes for more than two cents per pound. Instantly you'll have a tomato shortage. It's the same with oil or gas”. Now tomatoes sell out and vendors can’t keep them stocked fast enough but it’s ok because they lose money on each sale so they don’t bother getting more, if they could find them even.
Instead of them setting a low price, they are making it more expensive artificially. If it’s more expensive than it’s actually worth, there’s no incentive to produce more, it’s not profitable. Much like the tomato example, if the government put a tax on tomatoes such that the price was $5/unit, nobody would buy tomatoes, and farmers would probably stop growing them.
The answer for every issue in California is “More government”
The conquest of the intro is astounding
It's called a Laffer Curve. When you make more money in tax revenue by lowering taxes. Because you make more taxes because more wealth is being created.
Yep, I remember when Obama was reminded of this during a primary debate and then asked if he would double the capital gains tax rate even though experience has shown that the revenue from those taxes would decrease. He said, "Yes, in the interest of fairness."
More wealth for who
@@stanleyclark923 I remember reading a theory someone put forth that the total tax a government can collect before it negatively impacts the economy is around 18%~20% in total. They can't make any more money by raising it because the economy adjusts. All it does is make everyone poorer and does not increase government revenue. It does however increase the bankroll of the elites because they can play money games during the transition.
As it is now the US Government gets more than 50% for every dollar spent after it is all accounted for.
A miner mines iron and sell it to a smelter for $10. 8% Tax (Now $10.80)
Smelter refines the iron and sells it to a mfg. 8% Tax. (Now $11.67)
mfg creates parts from iron and sells it to an OEM. 8% Tax. (Now $12.60)
OEM creates a product from that iron and other parts to assemble a finished product. 8% tax. (Now $13.61)
Middle Man/Warehouse/Wholesaler (there is usually at least 1 in the chain somewhere). 8% Tax (Now $14.70)
Finally retailer storefront online or brick and mortar. 8% Tax. (Now $15.86)
At this point... the Government has collected $5.86 in taxes on a $10 lump of iron. All of these businesses pass this tax liability down to the final customer as "production cost".
Meanwhile the stupid voter is cheering that all these "big businesses" pay more in taxes while they also "whine that the cost of everything is going up and they cannot afford any luxuries".
This is how it always works... now that the taxes are so high people buy less... which ultimately reduces the amount of taxes the government makes... when if Government would just cap it's greed at just 20% the cost of the iron in the product is only $12 instead of $15.86 leading to the voter buying more things with extra money.
yes this is oversimplified but it shows that taxes can greatly increase the cost of goods over the lifetime of a manufacture product. And that was just the iron in the product... we didn't even get into tariffs and other taxes, permits, and regulatory spend that might go into costs.
The Laffer curve is great in theory, the issue is that in practice, it's never used to justify moving to an "Optimal" tax rate, nor is the optimal rate ever seriously discussed, it's just used as a "have your cake and eat it too" justification for yet another tax cut that will massively increase the debt, and expires after 10 years, with a hidden tax hike in the long term (which will inevitably be blamed on our political opposition)
@@MrMurica Any tax that is concerned with "maximized tax revenue" is going to fail. The laffer curve is just a concept that points out that there is a limit.
Politicians are going to clearly ignore that limit as well. They don't care and they will never care, why? Because none of you care.
My older sister lives in LA. I keep telling her to come home to OKC as the cost of living here will benefit her better, but she just won’t. Oh well-she can’t say I haven’t tried.
Why would you want her to move on the off chance that she votes the same way?
Gotta agree with Raul here. There's a chance she already caught the disease and it's better for everyone if she stays out there.
@@ptrd4111 People with common sense are outnumbered in L.A., besides the questionable election schemes that take place. Lots of people that can't speak a word of English in the polls with provisional ballots. I'm just sayin'.
Who remembers the movie “Invasion of the body snatchers”?
Voting left could be seen equally contagious…
Californians must stay there and eat the shit sandwich they’ve made. Stop importing them to good, working states.
No rich people means no jobs and no rentals.
Mass poverty and deteriorated outdated housing. Welcome to L.A.
ah..but think of all those people needing government assistance now!
@@jjc4577 Don't worry, there will always be enough funding for the people that broke all the rules to be here.
Ya unless those rich people demand the middle class pay for their subsidies and bail-outs.
Np
At this point if I was running a state, whatever California and NY does, I would do the exact opposite as hard as I could.
I'm glad I live in Iowa. (That said, don't move here Californians! You'll hate it here for the weather alone!)
They’ll hate it, we have snow, we don’t have any coastline. It’s just terrible.
Used to live up there. I miss the snow and ice being removed from the roads. Sincerely, an Oklahoman. 😅
The amount of resentment "progressives" have for Iowans suggest if they were allowed to, we would be glassed.
No lies detected. 😅
Californians will fly over Iowa for an east coast dystopia.
LOL @ that intro.
The most hysterically funny aspect to this is she must watch your show and encounter herself asking for money on each occasion 🤣
She's watching it and thinks to herself, "Damn right. I don't see anything wrong with this. Spittin' facts!" Lmao
Like that 150 sq ft SF public toilet that originally costs $1.7m. It took so long to build people donated the cost of materials and labor. It still ended up over 300k due to permitting, inspections, etc from their regulations. Soon after it got built the homeless camped in it so no one can use it anyway… 😮
-Backfired- worked as intended
Wait, so politicians name laws in ways that obfuscate what they'd actually do? That unpossible!!!
If you want to avoid obscene taxation adopt the ABC method. Live ANY WHERE BUT CALIFORNIA.
New York, Massachusetts and Connecticut also have pretty high taxes
@@raul0ca good point
@@artisaprimus6306 I think we can agree that wherever a certain party are running things it's going to be bad for you
Be watchful!! This is cancer. No future wealth will be allowed. Like eating? Every dystopian start. Hope we can literally save our civilization.
Or New York or New Jersey or Illinois or Washington state. Hell, let's make this easier. Don't live in a democrat run state. There
Did it ever occur to the CA government that them "skimming off the top" doesn't mean doing it so often as to outpace the funding of... Well, anything vital? I swear, they'd skim 1/4" off the top of an empty milk jug's contents and wonder why there's no milk.
The fact that you've gotten Anna to actually give you a shout-out regarding the facts on a topic, your take, and then agreeing with you...
I dont know who to be more impressed with - Sean for converting Anna or Anna herself for finally growing into some one whos capable of hearing both sides and acknowledging even rivals in such a mature manner.
These ladt 3 years, I've seen Anna grow into something I'd never thought I'd see.
Kudos to both AK and Sean. Sean for keeping it real and factual and never wavering, and Anna for allowing herself to listen and grow.
All the stuff you are talking about I learned when I was like 12 playing Sim City. Maybe we should make politicians play Sim City.
This video didn't take into account at all how much this bill did for polyamorous lesbian Lebanese mothers tho
An architect on Reddit back in 2018 explained to angry redditors that his company designed luxury apartments in LA because that is all they’re able to build within the rules that LA allows for. One arbitrary rule was enough patio space for a large potted plant, another was a parking spot for every bedroom (aka tenant). Cars weigh so much that an internal garage on floors 1-5 raises the price of construction astronomically, not to mention giving people balconies that subtract livable space. And of course the city always threatens developers into improving the adjacent sidewalks and roads.
I don't think inflation will stop until their goal is realized "You will own nothing and be happy about it." - U.S.A. Government
They want the mom and pop to get out of real estate. They want black rock to own everything
Yip, poor people can't catch up to rich people making rich people less competition.
Whenever I hear other Californians complain about the housing shortage none blame government policies, they blame “rich assholes.” But when the state is too poor to function will they finally realize no one rich was around?
Actually, it's institutional investors, like hedge funds and private equity firms, that are making housing unaffordable. They need to be banned from residential real estate.
They are the only ones with enough money to build the projects. The state is pricing everyone else out of the market.
@@user-oy4qp9pq6i Those are developers. I'm talking about the corporations buying-up existing properties as "investments". They are sitting on tens-of-thousands of homes that could be owned by working-class families. Further, any time it appears that housing prices might drop, they buy-up more properties---thereby keeping the prices artificially inflated. If these institutions were forced to sell all of the residential properties that they own, the prices would drop to less than half of what they are now, if not more.
Bingo. Someone gets it. 40% are sitting empty out of greed. Glad they are going to tax empty units. That will help, at least a little anyway.... And stop allowing tech startups to lease entire neighborhoods for their businesses. They should be in commercial real estate. What happened in Venice was criminal....
NYC Along With LA, Chicago, Detroit, Portland, Seattle, Baltimore, DC, San Francisco, Oakland, Boston, Philadelphia, New Orleans, Milwaukee, Memphis, Minneapolis, Denver & Kansas City needs another Rudy Giuliani in their cities
You can just say every major metropolitan area in the US. It’s everywhere.
I'm from Boston and I agree.
Memfrica
Nearly all of the sh-theads I dealt with when I was a cop lived at or hung out at our crappy apartments. I also worked in a town with no apartments and there was very little crime there. Anecdotal but I do think shitty apartments near or in cities end up populated with a higher percentage of turds.
I believe it's because the population is transitory.
They have no investment in the community because they'll be gone soon.
If they behave terrible what dies it matter? There won't be any neighbors who remember when their lease is up in six months and they go behave terrible somewhere else
As one living in California I see this happening every day. They want housing for others but not in their neighborhood or taking up nature for animals.
I just wanted to deport everyone who had no right to be there and take their homes 😂
🎵🎶Sean & Anna sittin' in a tree...🎶🎵😅
Another example of dynamic scoring always stuck with me. About 10-15 years ago New York put a huge new tax on cigarettes. Of course, the politicians were licking their chops and already had the money spent. When the tax went into effect cigarette tax receipts actually went DOWN, not up. The pols couldn't figure it out.
Turns out New Yorkers aren't stupid and started buying their cigs in New Jersey.
Everything the government does around housing makes it more expensive. That is the goal. Public housing is a big business in cities, and that business goes to people with friends in government, and poor voters are loyal to the party. In suburban areas, zoning inflates property values so current landowners make money, at the cost of the next generation, because suburban home owners have the most free time to get involved in local politics.
Tbh, I kind of like the "70% zoned for single family homes" situation. I mean think about it. How crowded and congested would it be if it were flipped and it was 70% multiple-family housing zones? Not a pretty picture.
It's called having proper public transportation. Asia has WAY higher density and it works just fine. I know, I live here now.
Munich, Barcelona, Vienna? They are mosly multi family housing and arent really crowded nor congested (apart from the tourist center)
@@gomahklawm4446Going to need a higher class of public to get me on public transportation 😂
Have you sent Ana a big thank you basket yet from The Body Shop for your new intro?
I feel like a friendship is forming before our eyes 😂and I love it
We are blessed by Sean with more killer content.
Dynamic scoring > Flat scoring
Here in metro atlanta they keep building big apartment complexes but the prices of them never goes down despite how many they make lol
Todays luxury apartments will become tomorrows affordable apartments. Build baby build!
Same thing is happening in greater Minneapolis. There's new rental housing -- or condos -- going up on every spare patch of ground ... and rents just keep going up and up and up.
@@Tim_the_Enchanter durn immigants
That’s because we have an unprecedented housing shortage in this country (not talking about the homelessness issue, I’m talking about housing supply).
Because investment funds are probably buying them up so they can make sure "you will own nothing".
Ana droppin the best promo ever
Ana shouting out AJW feels like Sean just manifested his destiny.
If she becomes his cohost in 2030 I will feel like everything is possible.
There are so many things wrong with California laws these days I am surprised anything is built there. Another big one was Environmental Impact surveys. The rules are so bad for those that it makes most projects spend years just trying to prove their project is safe, and at any point people can file a complaint and demand another one. Even the Govt itself can't get past this, it's one the main reasons why no new Aqua reservoirs have been built lately despite the massive drought in the area and all the rain water wasted in the spring.
Sean, completely random for this video, but did you hear about the cop that was just killed in Memphis? By someone let go on an illegal gun charge with zero bail.
I have to say, I love how more and more Ana clips are making it into your intros.
Woah who could've seen that happening for the 100th time?
Its hilarious the way you abuse the tYt clips of Ana.
1:33 So if someone sells a property for $4,999,999.99, it doesn't apply, right?
What if someone tried a loophole, like $4,999,999.99 and then some luxury cars?
Yes I know I'm being silly.
ANYTHING taxed results in less of it. EVERYTHING taxed is restricted and reduced. Income, housing, boats, everything. Why is this truth so hard to understand???
Basically just criminalize everyone who maintains any civility or property in CA
Did land development in Riverside County, CA. Ppl up t0 30 % of their property taken by county as "reserved for habitat." Also..... Check out the Fairy Shrimp. You had to have land inspected for the little bastards... and if found to have a little pool of them.. You could kiss that property good bye for development.
Awesome video I'm glad I live in Oklahoma fuck California
I live in California and I concur with this message.
Don't worry, they'll come and ruin where you live as well.
They will come.. They are all over the place here in Arizona. And they keep their damn CA Plates on. It's come down to drive next to/park next to a CA Plate driver or Sonora plate driver (mexico), I choose the latter.
They will come.. trust me.. they will come.
@bousch8253, Like locusts moving on to the next food source.
@@bousch8253 *_"MUAHAHAHAHAHAHAH"_*
I support any legislation which prevents New Yorkers and Californians from moving to red states.
Man you’re really on top of these vids. Nice work.
If progressives do 'X' in the name of 'Y' and it always ends in 'Z'. At some point you have to say 'Z' is the goal.
Yes, I am tired of people saying "Don't apply malice to that which can be explained with incompetence,". At some point in time, when the incompetence is consistent, you have to stop and think whether or not it is actually an accident. When all of the outcomes follow the same trend, can you really say they were accidents?
As the great and wise Nelson would say:
"Ha ha."
A lot of ppl (esp politicians) don't realize you can buy a property for $5M and sell for $8m and actually LOSE money due to taxes. So it kills investment, which leads to fewer housing, which leads to higher prices.
That’s crazy. 😢
Thanks!
Great to see your plan to make fwens successful.
Ana-Senpai finally noticed Sean-Chan.
Gee. 🤔 What could possibly go wrong in the City of Los Angeles, and, the State of California. Stunning. 😳🙄🤦♂️
Sean,
Nice to see you got accolades from Ana Kasparian. 👍👍👍
Too many taxes. Enough.
Gas would be more affordable without taxes too
I was like:" f that guy" then you said turtles. Don't hurt the turtles 😂
Unless it’s “turtle chad” because that guy is gutter trash
Correct answer; f the turtles too. And the delta smelt.
Sean you gotta chance with that tyt chick
Nice work.
"...You're not thinking 4th dimensionally..."
If housing is unaffordable, and taxation is making housing less available, it will become more unaffordable, pushing property pricing (values) up, shoving even more properties into that taxable braket - it's literally a positive feedback loop.
“Everyone should pay their fair share so more taxes for everyone”
Holy shit, Ana literally gave Sean a callout. A man who has made money criticizing TYT for years. What fucking timeline have we entered LOL
REALLY, people are payed to have this ideas? What is going on is some politician living in his buble or a really evil adviser, who are this people? Have they not studied?
jews
They’re not stupid they’re evil.
It’s the same here in Australia. Stamp Duty taxes are ever higher and higher to the point that for an average $750k home, you pay nearly 10% in tax alone to the govt.
only for the govt to put more taxes on land etc once you buy it
Sean being Anna's new best friend is really paying off.
Sounds like a problem due to a lack of diversity to me.
California shouldve financially cratered long ago.
None of thsir industries are as efficient or effective as they should be, the populace is ever-expanding with no end in sight, open air drug abuse and homelessness create a shit quality of life, and Govt policy has gummed up the courts and regulatory agencies to the point where only multimillionaires can live or do business there.
How has the state not broken yet
Uh... bro. You realize most of America's technology industry is based in California right? Apple, Google, Facebook, etc.
The Federal Government has bailed out bankrupt CA in the past and they will do it again in the future.
@WillieFungo, …and yet they still can’t manage to operate a functioning fiscal budget. Keep watching and you’ll see how bad policy erodes the tax base.
@TheMagnificentMongoSlade, It did. The Federal Government bailed them out. They will do it again.
(And YT now disappears every comment I make using a word that starts with B and ends in rupt)
@@WillieFungo Well I wasn't in agreement with him until you listed those companies. Throw in Amazon and he wins.
😂😂😂😂everything backfires in La 😂
There is a work-around: build an apartment building, then sell off single apartments and groups of apartments as separate properties. Each floor or every few floors can be furbished differently, and counted as a distinct community.
Was it an "unattended" consequence? What is your basis for giving them the benefit of doubt?
Remember when in grade school we had to double check our work? Did these ding dongs forget to double check their work and think "...hmmm is this right?"