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rent control
Quote:
Originally posted by ltl/fb
Are values for purposes of property taxes really determined on the basis of the highest rent possible? If so, that's wacko.
Unless a buyer is a moron, s/he's going to take into account the current resident(s) and their current rents and then speculate on how long the current residents are going to stay there. The buyer is already speculating on whether the neighborhood as a whole (not just the property in particular) will justify whatever rental payment, etc., as well as any number of other things, so I don't see how that kind of valuation changes anything either.
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That was a pretty good response, but I would have said, listen, I've taken your clown-faced burger bullshit for long enough. That woulda shown him.
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You can't take 3 from 2, 2 is less than 3, so you look at the 4 in the 10s place, make it 3 10s, change the 10 to 10 1s,
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