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follow BorderPatrol 2017 Oct 13, 1:48am
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Dan - no worries on the trolls, but I'm still not understanding what motivation one would have to build structures to sell.
In your example a guy purchases land for 200k, adds 50k in improvements. And gets 250 back when he sells (the 10k excess price being taxed). I get that. However I'm not understanding WHY he would do that? Say he spends 3 months building this house to sell, but his earnings during that time were $0. Why wouldn't he just work at McDonald's instead?
Because dan hates his job and realizes other people would not want to work there...
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
Strategist saysWe need more and more technology, discoveries and inventions to better our lives, and only countries that practice capitalism have been able to deliver it.Empirically false. The Soviet Union got to both space and the moon first.
We need more and more technology, discoveries and inventions to better our lives, and only countries that practice capitalism have been able to deliver it.
Today most things are made in China including all advancements in clean energy.
Where labor is cheap, life is cheap. Where wealth and power is concentrated into the hands of the few, the economy falters. Your inability to see this is due to thorough brainwashing during the Cold War.
Reaching Space first with captured German scientists was probably their only achievement.
Most things are made in China because of cheap labor.
To date, China has contributed very little to scientific progress.
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?
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.
And the land under them has appreciated. That was Dan's point.
Do you plan on answering this or are you going to run like your buddy Goran whenever anyone asks you a question?
Regardless, Dan is right that buildings depreciate and land appreciates.
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"?
So, I'll take that to mean you can't.
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.
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.
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.
me123 saysSo, I'll take that even with the hint I gave you, you're still clueless. Why am I not surprised?lol--You're obviously wrong and that's why you can't answer. Just admit it and we can move on.
So, your assertion is that the land is what increased the value 55% and not the building in 5 months?
me123 saysSo, your assertion is that the land is what increased the value 55% and not the building in 5 months?No, I'm assuming someone did work on it.
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.
you really need to just go away and let the adults have a conversation.
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.
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.
Goats are better than women for fucking.Did I miss anything?
Stop sucking up to Patrick. It's disgusting.
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