Are you sure next decade stock returns will be better unless you doing short term trading to take advantage of volatility.
There is still some tax benefit of Real estate if you correctly apply section 199 with multiple rental properties.
And the public school system sure isn’t helping. If you can afford to buy a house in SF, why in the world would you want to send your kid 1/2 way across town to a school that refuses to offer algebra 1 until 9th grade. You’re literally behind some of the poorest school districts on the peninsula. Even San Mateo and RWC offers Algebra 1 in 8th grade if kids are ready.
You know, even young people don’t want to see old naked dudes out on the street. Let alone have to share a BART seat with someone who might not have wiped fully. Don’t kid yourself. It’s just gross.
A city run by liberal guilt. They think forcing rich and poor to go to the same school is smart. Actually all it does is force the rich too move or send their kids to private school. And create a school system only good for dummies
My nephew lives in the Sunset with his wife and two kids. They should be encouraged to stay and the perverts should be encouraged to leave… simple solution to a disgusting problem. Boring people build a city up, perverts year it down with their selfish fetishes
I’m confused why anyone would want a city of temporary residents anyways. I’m not sure it’s even good for landlords. When people see their home as transient, they don’t tend to take good care of it or the neighborhood and value drops.
Airbnb has strict rules on keeping the house clean Anyhoo, I don’t like Airbnb tenants as per your reasoning, unlucky you could end up with such tenants. My rentals are near Primary schools, my belief is parents would take care of the house better Don’t like singles and DINKs.
Perhaps I should ask that. The homeless problem is getting worse in my city as well. More tents, more trash, more drug issues. You shouldn’t stay somewhere “just because,” you should stay because you have reasons.
The main reason we stayed was for my oldest to stay in a unique private school that people move here to attend. He’s going to be going to college either this year or next, and our daughter doesn’t seem interested in going. And if we end up with a 16% tax, then if I go back to work, how much is my time really worth even as an SWE? Maybe we should move.
The scary thing Shapiro mentioned was a wealth tax that follows you 10 years after you move. What do you think? Is that legal? The US does that kind of thing if you move to Singapore, but would it be legal here in the US? That’s pretty scary!
Yeah… and at the rate they’re going, it’s not going to take long…
" But a tax bill, AB 1253 (Santiago), would impose even higher taxes, and retroactively to January 1, 2020."
I don’t think it’s ok to have retroactive taxes or laws that penalize people. Benefit, sure, but if you work thinking you’re being taxed at one rate, how’s it ok to be retroactively taxed at another? What stops the legislature from retroactively taxing your at 100%???
And that school is in San Francisco. I don’t get why people keep dumping on SF. Nobody ask people to live in SF if they don’t like it. But we all benefit from having a world class city within driving distance. World class cities offer opportunities not available in some random small town in a flyover state.