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follow anonymous 2017 Oct 13, 1:48am
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Hey, I agree. Examples of wealth and power concentrated in the hands of the few are kings, dictators, religious wackos, and communists. Not in democracies such as ours.Why can't you see it?
me123 saysHey Dan, have you figured out yet how a building can appreciate? Since you own so much property, that question should be easy for you to answerWhy don't you tell us?
Hey Dan, have you figured out yet how a building can appreciate? Since you own so much property, that question should be easy for you to answer
Dan - I'm read your response but if we can carry your hypothetical to the end I think I would understand better. So if our builder friend bought the land for 200k and spent 50k on building improvements (again new build- not flipping). If he sold for 3 months later for 260k, and the 10k gain was taxed at 100% (meaning he got his original 250k back) where is our builders profit?
In my neighborhood land records show in the 1900s row-houses sold for anywhere between $600 and $1,000Today the old buildings are assessed for 200-400k. Granted many have been maintained/materials replaced.
That aside however, today I could pull up my antique hardwood floor and sell it for more than the entire house cost 117 years ago. I know this isn't the norm with most materials being replaced every 15-30 years, but allow it to sit long enough it may become an antique.
First, I didn't ask YOU the question, I already know your lack of knowledge of the housing market.Second, I'll give you and Danny boy a hint, see if you can figure it out. Can you say "foreclosure"?
Strategist saysMost things are made in China because of cheap labor. Which is a failure of capitalism. The bottom line is that the largest Communist country with the strongest Communist culture is kicking America's ass. This means your assertion is wrong.
Most things are made in China because of cheap labor.
Strategist saysTo date, China has contributed very little to scientific progress. Empirically false. You are simply sticking your head in the sand. China is rapidly owning all STEM and manufacturing infrastructure. It builds entire cities in less time it takes America to build a 9/11 memorial. It is at the forefront of many technological industries.
To date, China has contributed very little to scientific progress.
So, I'll take that even with the hint I gave you, you're still clueless. Why am I not surprised?
Second, political systems are not economic systems or vice versa. Democracy and capitalism have fucking nothing to do with each other.
Your builder's livelihood is not harmed by my tax plan. In fact, his livelihood is improved since people who don't waste money on zero-sum land games have money to hire your builder. The more people have to spend on land due to hoarding, the less they have to spend on builders and all other services.
Wealth is created only by productivity.
He just does not make profit off the appreciation of the land.
So, your assertion is that the land is what increased the value 55% and not the building in 5 months?
Wait, you've been saying all along in this thread that the building doesn't increase in value, only the land. Are you confused?
me123 saysWait, you've been saying all along in this thread that the building doesn't increase in value, only the land. Are you confused?It didn't. Someone put money into it. That's not appreciation.
Funny how you type that same thing when you get your ass handed to you and proven wrong.
Understanding Appreciation and Depreciation of Home ValuesWhat Can Homeowners Do to Maximize Home Appreciation?Another way to help a home appreciate is to make property improvements with lasting value. However, this doesn’t mean creating a Taj Mahal. It’s best to be the moderate home on the block, rather than the most or least expensive home. When choosing improvement projects, consider the value of homes in the neighborhood and plan upgrades that will fit in with the style and feel of the community.Making upgrades to the property to bring the home in line with others in the neighborhood may increase its value faster than time and inflation alone. It does, of course, takes time and money to complete the necessary projects to boost appreciation.
Wrong. China is proof positive of the success of capitalism. China started shooting up the moment they adopted capitalism in their economy. They now have well over a 100 billionaires. Think that's communism?
Dan8267 saysStrategist saysTo date, China has contributed very little to scientific progress. Empirically false. You are simply sticking your head in the sand. China is rapidly owning all STEM and manufacturing infrastructure. It builds entire cities in less time it takes America to build a 9/11 memorial. It is at the forefront of many technological industries.Inventions, discoveries, and creativity is firmly in the hands of America. You just love to bash America don't you? Pathetic. You should be stripped of your citizenship and booted out.
You need both for the kind of success America has achieved.
The livelihood of the whole country is destroyed by your tax plan. You need to stop dreaming.
Dan8267 saysWealth is created only by productivity.The credit for which goes to capitalism. e.g. Ford created the assembly line in his car factories.
Dan, If someone purchased a pice of land for $20K, and he is willing to sell, and I am willing to buy for $50K, why do you care?
joeyjojojunior saysAnd the land under them has appreciated. That was Dan's point.No, Dan doesn't have a point, he's clueless, just like you.
And the land under them has appreciated. That was Dan's point.
I could say the same of you for whitewashing history and attacking your fellow Americans, and I could make a better case. Nonetheless, acknowledging that China has made rapid progress in science and technology is hardly bashing America.
5. Patrick is a dumb ass who can't code.6. Goats are better than women for fucking.Did I miss anything?So why is he still on this site? Patrick should just nuke all his alts as soon as they are detected along with all their posts.
Stop sucking up to Patrick. It's disgusting.