Trump's tax cut proposal

[canceled.2021.1]

Isn't it funny to see Rune trash "the rich" yet try to imply that he himself is "rich". Mortgage free, half a million dollar boat...,..

[cawacko]

Isn't it funny to see Rune trash "the rich" yet try to imply that he himself is "rich". Mortgage free, half a million dollar boat...,..

Exactly

[Sailor]

Exactly

Rune is talking about commercial fishing vessels. He does have commercial fishing vessels. I think he is actually a little low on the replacement cost. Just pointing that out.

[Rune]

Isn't it funny to see Rune trash "the rich" yet try to imply that he himself is "rich". Mortgage free, half a million dollar boat...,..

I am not rich you idiot but but I am hardly poor like Cawacko lied.

[Rune]

Rune is talking about commercial fishing vessels. He does have commercial fishing vessels. I think he is actually a little low on the replacement cost. Just pointing that out.

I didn't mean new replacement cost.
If that were the case it would indeed cost more than 'Wacko's condo, to say nothing of the permits.

[Rune]

We have Prop 13 so tax bill is just fine.

Yes I'm a fool for buying a property that doubled in value in less than ten years. I suppose paying the $7K/mnth in rent instead for the same place would have been wiser Mr. Financial Savant?

Are you claiming your property tax is low?

[PostmodernProphet]

Rune is talking about commercial fishing vessels. He does have commercial fishing vessels. I think he is actually a little low on the replacement cost. Just pointing that out.

the repair costs are probably a bit higher than the replacement costs.......is the name of his boat Barnacle Bait?.......

[cawacko]

Rune is talking about commercial fishing vessels. He does have commercial fishing vessels. I think he is actually a little low on the replacement cost. Just pointing that out.

Pardon my ignorance here but do commercial vessels appreciate over time or are they like cars that depreciate once you drive them off the lot?

[cawacko]

Are you claiming your property tax is low?

Dude, do you not know what Prop 13 is and how it works?

[cawacko]

Ok Rune, so I bought my condo for under a mil. Today it is probably worth one and a half. Of course I get the benefits of tax write offs that come with it.

But according to you I'm stupid for that. I should spend $7K/mnth for rent, with no write-offs, and do what with the remainder of the money?

[canceled.2021.1]

Dude, do you not know what Prop 13 is and how it works?

Seems like Rune is walking back his assertions.

[Sailor]

Pardon my ignorance here but do commercial vessels appreciate over time or are they like cars that depreciate once you drive them off the lot?

Good question. That really depends on the type vessel, permits you have, how well she is kept up and most importantly how seaworthy she is. Once she is a legend (known as a fishkiller and and always get you home boat no matter the weather) the value increases. A lot.
You can see how quickly it can go the other way if any of those traits are the other way. I imagine it is something like real estate in a way.

[Rune]

Seems like Rune is walking back his assertions.

I googled san francisco property tax.
10K a year for 1.5 mill, which isn't really bad but I wouldn't want to pay it either.
Mine is 2.5K

[PostmodernProphet]

and do what with the remainder of the money?

loan it to me so I can buy rental property......

[cawacko]

Rune, I said read about Prop 13. I don't pay property taxes based on today's market value.

Nor did you address what I should have done with my money other than buy a home