Loy- Thank you for bringing this issue to the forefront. Every investor needs to understand that long term, your hard-earned assets are not safe in a progressive state. I sold my California rental property two years ago and invested in a Red State market.
We are asking ourself s when will it be too late to sell our rental property?The question is do you want to be the one who can now not sell because no one is going to buy your rental property because of all the rental laws That is what my business partner and I are now discussing.....sell and invest in another state. I think Mike may be early but better 10 years early that 1 day too late.
Paul- If it helps to know, Santa Barbara is blacklisted by previously interested investors because of the 4 named financially illiterate Council Members: Sneddon, Gutierrez, Santamaria and Harmon. Your last sentence is impactful advice: one that I’ll remember.
The obligations imposed on the owners of rental property are shockingly complex. I have always compared rent control to the shoppers in a grocery store voting on what the prices should be.
Another insidious way in which you don't own your property is the levying of property taxes on a recurring basis. Name me anything else that you own that you pay taxes on every year while you own it. You may pay a onetime tax but that is it. The reason you know that you don't own the property is because wait to see what happens if you can't pay the property tax one year. In fact, what really is happening is that you are renting the property from the govt and the property tax is essentially your rent payment.
Add to that the purchase price of real estate here, the insane cost of fire insurance, property taxes, the rules on getting every minor change permitted and inspected, and it’s no wonder people flee our city and state. Freedom in places like Tennessee and other red states lures a growing number of people to flee Californistan. The weather is hard to beat however.
Sneddon is directly responsible for the ousting of me and my wife from our home ... illegally. She needs to go. Sneddon can't help attacking when she's being attacked. Beware!
Thank you Loy!! Are County rules similarly costly, burdensome, ridiculous? Please inform us. Effectively it’s confiscation of private property. Owners need to know. BTW: D3 re-elected Rep Oscar Gutierrez stated on Newsmakers he supports a registry of vacant bedrooms. Seems time for him to cut the apron strings from his MaMa: better late than never. What a pathetic group of unsuccessful dependents on City Council.
Ah, CVRA, another scheme by the Ds to water down conservative representation…EVERYTHING IS RIGGED! passing this along from a fren…
Imagine a game of poker where one player not only gets to deal the cards but also keeps one hand tucked behind their back, just in case. Welcome to the 2020 Census, where the dealer wasn't interested in fairness, but in tilting the scales to one side. A mere error in the 2020 Census? Hardly. It was more like a carefully orchestrated scheme, veiled behind the mundane bureaucracy of data collection. The errors were so conveniently aligned with political biases that it defies the realm of mere incompetence. The Census Bureau, under the guise of neutral public service, crafted a masterpiece of distortion. The overcounts happened in the usual suspect states: Hawaii, New York, and Delaware—bastions of the Democratic machine. The undercounts? In places like Texas and Florida—states critical for Republican hopes. The civil service employees running the census, with their overwhelming support for Democratic campaigns (a stunning 90% of those who donated gave to Democrats), showed just where their loyalties lay.
The 2020 Census was not a solitary government effort. The Census Bureau collaborated with more than 55 non-governmental organizations (NGOs) to count citizens and non-citizens alike. Almost all of these NGOs were left-leaning or aligned with Democratic interests. The Funders' Committee for Civic Participation (FCCP) played a significant role in mobilizing resources and support for the census. The FCCP's Census Subgroup included well-known foundations such as the Ford Foundation, Open Society Foundations, and the Carnegie Corporation of New York—entities often associated with George and Alex Soros and other Democrat-aligned activists. With the Census Bureau's budget for the 2020 Census at approximately $15.6 billion, it becomes evident that a substantial portion of this funding flowed into Soros-affiliated NGOs, essentially channeling taxpayer dollars into the hands of those whose interests were clearly partisan.
Want to know why Ds want to keep the criminal aliens here in the US? They're scared to death that they'll lose even more seats in Congress.
To be clear, this isn't the Census Bureau's first rodeo with errors. But the scale and the direction of the 2020 Census errors suggest something far more sinister than bureaucratic bungling. When errors all align in the same direction, benefiting one party over another, Occam’s razor tells us we’re not looking at mere accident—we’re looking at intent. And if not outright collusion, then at least an ideological bias so deeply entrenched that it colors every element of supposedly neutral data collection. It’s time to end this masquerade of ‘error’ and call it what it is: a subversion of the democratic process.
PS. We are watching systematic destruction of the D Party, and they are assisting in their demise…”Never interrupt your enemy when he is making a mistake." - Napoleon
Well said…the other big hit was the Help America Vote Act (HAVA) of 2002, which made significant reforms to US elections to “address issues” identified after the 2000 election…establishing mandatory minimum standards for states concerning election administration, including areas like provisional voting, voting information, updated voting equipment (think Dominion), statewide voter registration databases, and voter identification procedures…
History is full of examples of non-Achievers trying to control the assets of achievers.
I wouldn't call 'em non-achievers Brent - they figured out how to skim the payroll by appealing to all the stupid people who keep voting them in.
Way to tell it like it is Earl!!!
Loy- Thank you for bringing this issue to the forefront. Every investor needs to understand that long term, your hard-earned assets are not safe in a progressive state. I sold my California rental property two years ago and invested in a Red State market.
We are asking ourself s when will it be too late to sell our rental property?The question is do you want to be the one who can now not sell because no one is going to buy your rental property because of all the rental laws That is what my business partner and I are now discussing.....sell and invest in another state. I think Mike may be early but better 10 years early that 1 day too late.
Paul- If it helps to know, Santa Barbara is blacklisted by previously interested investors because of the 4 named financially illiterate Council Members: Sneddon, Gutierrez, Santamaria and Harmon. Your last sentence is impactful advice: one that I’ll remember.
The obligations imposed on the owners of rental property are shockingly complex. I have always compared rent control to the shoppers in a grocery store voting on what the prices should be.
Berney
Another insidious way in which you don't own your property is the levying of property taxes on a recurring basis. Name me anything else that you own that you pay taxes on every year while you own it. You may pay a onetime tax but that is it. The reason you know that you don't own the property is because wait to see what happens if you can't pay the property tax one year. In fact, what really is happening is that you are renting the property from the govt and the property tax is essentially your rent payment.
Government always looking to extract their pound of flesh.
Who to blame? The morons who keep voting for these Communist Democrats.
A word of advice for SB landlords . . . RUN!
Next up - Governor Kamala.
Add to that the purchase price of real estate here, the insane cost of fire insurance, property taxes, the rules on getting every minor change permitted and inspected, and it’s no wonder people flee our city and state. Freedom in places like Tennessee and other red states lures a growing number of people to flee Californistan. The weather is hard to beat however.
Sneddon is directly responsible for the ousting of me and my wife from our home ... illegally. She needs to go. Sneddon can't help attacking when she's being attacked. Beware!
Thank you Loy!! Are County rules similarly costly, burdensome, ridiculous? Please inform us. Effectively it’s confiscation of private property. Owners need to know. BTW: D3 re-elected Rep Oscar Gutierrez stated on Newsmakers he supports a registry of vacant bedrooms. Seems time for him to cut the apron strings from his MaMa: better late than never. What a pathetic group of unsuccessful dependents on City Council.
Ah, CVRA, another scheme by the Ds to water down conservative representation…EVERYTHING IS RIGGED! passing this along from a fren…
Imagine a game of poker where one player not only gets to deal the cards but also keeps one hand tucked behind their back, just in case. Welcome to the 2020 Census, where the dealer wasn't interested in fairness, but in tilting the scales to one side. A mere error in the 2020 Census? Hardly. It was more like a carefully orchestrated scheme, veiled behind the mundane bureaucracy of data collection. The errors were so conveniently aligned with political biases that it defies the realm of mere incompetence. The Census Bureau, under the guise of neutral public service, crafted a masterpiece of distortion. The overcounts happened in the usual suspect states: Hawaii, New York, and Delaware—bastions of the Democratic machine. The undercounts? In places like Texas and Florida—states critical for Republican hopes. The civil service employees running the census, with their overwhelming support for Democratic campaigns (a stunning 90% of those who donated gave to Democrats), showed just where their loyalties lay.
The 2020 Census was not a solitary government effort. The Census Bureau collaborated with more than 55 non-governmental organizations (NGOs) to count citizens and non-citizens alike. Almost all of these NGOs were left-leaning or aligned with Democratic interests. The Funders' Committee for Civic Participation (FCCP) played a significant role in mobilizing resources and support for the census. The FCCP's Census Subgroup included well-known foundations such as the Ford Foundation, Open Society Foundations, and the Carnegie Corporation of New York—entities often associated with George and Alex Soros and other Democrat-aligned activists. With the Census Bureau's budget for the 2020 Census at approximately $15.6 billion, it becomes evident that a substantial portion of this funding flowed into Soros-affiliated NGOs, essentially channeling taxpayer dollars into the hands of those whose interests were clearly partisan.
Want to know why Ds want to keep the criminal aliens here in the US? They're scared to death that they'll lose even more seats in Congress.
To be clear, this isn't the Census Bureau's first rodeo with errors. But the scale and the direction of the 2020 Census errors suggest something far more sinister than bureaucratic bungling. When errors all align in the same direction, benefiting one party over another, Occam’s razor tells us we’re not looking at mere accident—we’re looking at intent. And if not outright collusion, then at least an ideological bias so deeply entrenched that it colors every element of supposedly neutral data collection. It’s time to end this masquerade of ‘error’ and call it what it is: a subversion of the democratic process.
PS. We are watching systematic destruction of the D Party, and they are assisting in their demise…”Never interrupt your enemy when he is making a mistake." - Napoleon
wake up…GeorgeSoros is a criminal puppet master…
https://x.com/wallstreetapes/status/1933191396925776315?s=61
https://x.com/real_robn/status/1932476509354406320?s=61
https://x.com/wallstreetapes/status/1933689458781769741?s=61
https://x.com/joeroganhq/status/1932912393786659217?s=61
https://x.com/wallstreetapes/status/1933894487383974327?s=61
Well said…the other big hit was the Help America Vote Act (HAVA) of 2002, which made significant reforms to US elections to “address issues” identified after the 2000 election…establishing mandatory minimum standards for states concerning election administration, including areas like provisional voting, voting information, updated voting equipment (think Dominion), statewide voter registration databases, and voter identification procedures…