Officials from Los Angeles, San Francisco and Stockton wasted no time campaigning for a statewide tax increase. The Schools and Communities First campaign, led by labor and education groups, is pushing a November ballot measure to overhaul Proposition 13, California’s landmark property tax cap, to help prevent steeper cuts to local governments and public schools.
Prop 13 is our last line. Our final defense…
No you are smart. Boats are the worst investment anyone could possibly make. I should know I have bought and sold about 20 of them. I have owned a couple of bigger boats than this. And even though the gas cost is ridiculous the depreciation is worst.
With tax this boat cost $220k new. Now worth $120k. $100k spent on 200 hrs of use. That is $500/hr. Plus dock fees maintenance taxes fuel and insurance. Close to $800/hr. That is more expensive than a helicopter.
These guys are just looking for an excuse to increase taxes. No amount of money is enough for them.
I had posted this pic earlier. Posting this again in relation to the proposed tax increase.
I remember hearing a long ago from my friends, if California were alone, it would be 7th or 8th largest economy of the world, or something like that. If California were truly let alone, it would likely be in the 7th or the 8th from the bottom and competing with the likes of Cuba and Venezuela. Or, likely not. Because things are not static and different situation lead to different response. I do not know how the elites of California would be doing outside the USA on their own.
A boat only makes its owner happy two times: the day you buy and the day you sell.
Was always taught to keep my life simple and to rent my lifestyle.
My vice is big screen TVs. Buy one every 4 years. Watch stuff for a couple of months then let it collect dust 
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If Landlords Get Wiped Out, Wall Street Wins, Not Renters
Bans on evictions and rent strikes could push out small investors.
why is this complex so cheap compare to other places nearby? Looks like this place did not appreciate
Wait for the inevitable avalanche 
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This Cupertino house was on the market last year Spring and didn’t sell. Now on the market and pending quickly: https://www.zillow.com/homedetails/10838-Via-San-Marino-Cupertino-CA-95014/19618191_zpid/
Prices are holding up even as economic turmoil cools sales
Limited home listings are available with sellers pulling back
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Where’s all the naysayers??? The Bay Area is just too good of a place to live in!!!
