From Newsweek:
Map Shows States With Highest Hidden Housing Costs
The average annual cost of owning and maintaining a single-family home now exceeds $18,000, according to a new study.
Homeownership is often considered a pathway to building wealth, but the ongoing costs of maintaining a home can add up significantly. An analysis by Bankrate round that homeowning costs across the U.S. have increased 26 percent since 2020, at the same time as rising inflation, median house prices hovering around $390,000 and mortgage rates are just below seven percent.
Bankrate’s findings reveal stark differences between states, influenced by factors like home values, local taxes, and inflation.
“The price of everything, including homes and building materials has gone up over the past four years, so it’s not a surprise that we found that hidden costs have gone up, too,” the report’s co-writer Jeff Ostrowski told Newsweek. “One major factor is that home values have surged.”
The study highlights that single-family homeowners in high-cost states like California, Hawaii, and New Jersey pay more than $25,000 annually in ownership and maintenance costs. In contrast, states like Arkansas, Kentucky, and Mississippi have the lowest costs, with annual expenses around $12,000.
…
New Jersey stands out for its high property taxes, which average $10,026 annually—the highest in the nation. Combined with a median home price of $502,400, resulting in $10,048 in maintenance costs, and additional expenses, New Jersey homeowners spend about $25,573 per year on hidden costs.
Musk has completely devolved into a toddler at this point.
Combined with a median home price of $502,400, resulting in $10,048 in maintenance costs, and additional expenses, New Jersey homeowners spend about $25,573 per year on hidden costs.
But we have unicorn-watching tours here; so, there’s that.
Send your kids to trade school first, and business school second. You can thank me later.
https://www.roi-nj.com/2024/06/04/opinion/op-ed/its-no-joke-shortage-of-plumbers-could-clog-up-economy/
We behave like toddlers too with our unwillingness to impose 100% tax rate above the first billion
grim says:
June 11, 2024 at 6:28 am
Musk has completely devolved into a toddler at this point.
Right-wing wave sweeps Europe, s0cialist liberals tossing themselves off bridges… news at eleven!!
We behave like toddlers too with our unwillingness to impose 100% tax rate above the first billion
You just keep donating your time and money to support the lumpenproletariat and we’ll keep fighting for a traditional America.
Shut the fuuuuuuck up Gary – Dumbass
According to some data from Pew, the effective income tax rate of $10m+ earners in 2020 was 25.51%.
This represented 0.2% of the 168m-ish IRS filings (roughly 3m filings), who paid $210 BILLION in taxes – 12.6% of total taxes collected by the IRS.
Would be curious to know how many filings actually had AGIs of above $1 billion, I suspect it’s an absolutely minuscule number, and likely still has an effective tax rate in the 20-25% range. Outside of maybe a one-off lottery winner, anyone with $1b in income is likely a result of a large-scale business transaction, in which case, it’s probably very easy to structure these transactions to NOT generate a billion in income.
Are you talking about corporate tax rates? I didn’t think so because you are implying tiers, which don’t exist currently, and 100% corporate tax above $1b would absolutely cripple the US economy.
Bernie Sanders calls for income over $1 billion to be taxed at 100%:
’People can make it on $999 million’
Fast: It was across the board in Europe, too much EU too much migrant situation, too much Wokeism.
Democrats stand for Law & Order.
“President Joe Biden said he would not pardon his son Hunter amid an ongoing felony gun trial during a wide-ranging exclusive interview with ABC News anchor David Muir at the Normandy American Cemetery on the 80th anniversary of D-Day.
Muir asked Biden on Thursday if he would accept the outcome of his son’s trial in Wilmington, Delaware, to which the president said, “Yes.” Biden also said “yes” when asked by Muir if he would rule out a pardon for Hunter.”
Bernie Sanders calls for income over $1 billion to be taxed at 100%:
’People can make it on $999 million’
Red herring, and not the fish. I get it though, makes for an inflammatory sound bite.
Grim: Too many people in prestigious north Jersey towns who don’t want their kids to go to trade school. What will the family and neighbors say? And what about all of our Blue Ribbon Schools that graduate the kids that go to all of these high priced colleges?
The most successful people in the trades were those who were also entrepreneurs and business owners.
I know we don’t like to associates entrepreneurship with trades, mainly because it’s not sexy, but that’s the simple fact. There are more millionaire plumbers than millionaire VC-backed startup owners.
It’s a highly fragmented market with many small players who are content with being small players. No real consolidation threat and plenty of opportunity for new entrants in the market.
Trades represent the single greatest “rags to riches” opportunity, probably the single best category for upwards mobility. Here’s the rub, if you don’t start young, you don’t stand a chance in hell. This ain’t something you can transition into when you give up your dreams of being an art historian at 39.
Buddy of mine made a fortune in the spray insulation business.
Grim,
Remember, about 15 years ago, when I told you the guy who installed my steam boiler at the multi drove a yellow Lambo. Of course, he didn’t touch a pipe. One of his 50 or so underlings/apprentices did the work. But he inspected every single job. He paid for a lot of the apprentices education and tools (and the van, of course). In exchange, he got incredibly hard working plumbers who aspired to drive a Lambo of their own one day. When Gator Jr. was growing up, I always encouraged him to go into a trade rather than the university route. The problem was, he inherited Gator’s book smarts and not so much of my German common sense. He just didn’t have that urge to take things apart to put them back together again. Ironically, he has spent a large amount of his free time this Summer after work building a beer table (it’s all the rage with college kids today) with his closest three friends from high school. Each kid is decorating their quarter of the table with their college logo/mascot, etc. I’ve also noticed some serious pride when he does manage to fix things himself, even if it is as simple as replacing the battery in a car key fob, or changing a lightbulb.
Lefty,
Raised Gator Jr. the same way you raised yours. Hardly see it as a Left vs. Right issue. He didn’t have his own car in high school, but we let him use ours as long as his grades were good. They always were.
I actively encourage many of my students in AP to consider trades, especially Electricians.
Flab Max (from yesterday),
On the Hunter trial, which I haven’t followed one iota and I hope they find him guilty of. Unless they implicate Joe, who cares? The president is not on trial here. Sometimes I think the Right has lost their minds, if they had any to begin with. Of course, the distraction is all the Right is after, much like most of these silly Trump trials. Though, the Georgia trial is the only one that really matters to me.
Finally, the loans at LIBOR to your kids was the funniest thing I read here in a while.
On the raising children issue… amazing how a person planning to vote for Joe Biden can raise his children with similar values as Leftwing raised his and not be a condescending, insult spewing, arrogant, judgemental assh#le. Leftwing, give it a try.
https://patch.com/new-jersey/montclair/s/ix3lo/donald-trumps-liquor-licenses-at-nj-golf-clubs-in-jeopardy?
Oops.
What does a tax on over $1b income really mean?
One, it’s a savagely immoral attack on property rights. To own something also means one should be able to sell/benefit from it.
Two, it almost always pertains to an entrepreneur selling his/her business. A transaction in part or in whole.
Three, it would mean that future transactions would be structured to not recognize a large sale all at once, instead creating some sort of vehicle to spread the financial recognition of profits over many years, creating some sort of foundation, etc.
The whole debate shows the perversion of the understanding of “justice”. Now that the mainstream thought thinks that “from each according to their ability, from each according to their need” is the essence of justice, this is the sort of policy people seek.
Thanks Old.
I’ve been around too long to make enemies or to be offended by anyone here. One of the greatest things I learned from an ex-girlfriend back in my college days is to love your enemies. I really live by this. I’m not afraid to say anything to anyone, but I tend to keep it rationale and polite. The rudeness and selfishness displayed by the average human today is simply disgusting. Though, when I do hold the door for someone or treat fellow humans with dignity and politeness, the reaction is usually so much more pronounced as the receiver is shocked by it after having to deal with so many countless assholes. And then there is karma, which is the payback you frequently receive as a result of your politeness. People ought to try it sometime. And use their damn directionals for a change.
Though, when I do hold the door for someone or treat fellow humans with dignity and politeness, the reaction is usually so much more pronounced as the receiver is shocked by it after having to deal with so many countless assholes.
A few months ago, guy and his wife were walking in front of me out of a doctor’s office when the guy mistakenly dropped a billfold of cash. It looked like $100 or so at a quick glance. I picked it up, alerted them, handed it to them. They were aghast, as if this situation was unheard of.
Three years ago, bought a power washer and some other items from Home Depot. The girl rings up the total, I look up at the screen and told her she forgot to scan the power washer. She was stunned that I admitted it.
Even further back, Home Depot again, bought a ten pack of filters. The person scanned one filter, not the whole package… people behind me in line looked stunned when I pointed it out.
Whenever I see change or a dollar bill or bills on the ground or some floor, I leave it unless I know who dropped it. Let someone else pick it up, they may really need it or maybe not. These are quality of life things… everyone benefits.
NoOne.
Read this. I think you will find it an interesting read.
https://economicsfromthetopdown.com/2020/01/17/debunking-the-productivity-pay-gap/
How do you deal with the decline in the average workers relative income besides raising minimum wage, which helps the bottom, but not the middle.
Grim – The complementary route is to send your kids to business school, have them start a search fund, obtain capital, and acquire a blue collar business netting $1MM.
There are A LOT of business school kids getting serious backing and acquiring one or rolling up multiple units of blue collar businesses and then flipping them to private equity. They can go from graduation to retired in ~10 years.
Guilty, all counts.
Joey Diapers says nobody is above the law.
Nobody posses the secret to life and young adults will exhibit agency.
The idea that you can engineer a kid into successful adulthood by making them watch Fox News or charging them interest rates is absurd. Unintended consequences galore.
Breaking: Hunter guilty on all counts.
A lot of recent research indicates nature – and not nurture – has a lot more influence of what kind of an adult your kid becomes.
O’Biden is scheduled to make a speech this afternoon on gun control. Lol. He should hold up that picture of Hunter in his underwear and sunglasses and say, “This is Hunter… this is Hunter on drugs… Hunter purchased a gun illegally… don’t be like Hunter.”
President Biden when asked about accepting the verdict and pardoning his son said he would accept the verdict and not pardon him if guilty.
This is what a real man does. Donald Trump has whined, cried and screamed about how he is being screwed and that he did nothing illegal. Crying, whining bitch!
“Left, you think the “hand out” of “maintain a good GPA and you get all the fees taken care of” is noble or evil based on whether the parent votes for the red team or the blue team?”
Respectfully, SomeOne, I think you misread my post. Or at least what I intended to say did not come across…
My reference to ‘handouts’ was political, and intended so, and was general ie. not specifically relating to which values any parent chooses for their child or how they fund their educations. Generally, the Left see characteristics among individuals – immutable ones as race, fluid traits like demographics – and not individuals themselves. They hand out ‘rewards’ based on those traits alone and not on the individual. My family was not one of their preferred cohorts, and I doubt few on here are…
Regarding my kids’ education and their ‘contributing’ by means of their academics (the exact word I used, not ‘handout’) that phraseology was intentional.
In no way did I view paying for their education and relieving them of loans and work during the academic calendar as a ‘handout’ or equally distasteful, a ‘gift’.
It was an obligation. An arms-length, freely willing counterparty trade.
Same with my nephew/godson. When I set up my kids’ 529s I dropped six figures into one for him. He was older and tried to thank me, I told him that in addition to not saying ‘you are welcome’ if he believed this was something that required thanks – that is, a gift – he sorely misunderstood the nature of what was occurring.
It likewise was an obligation, again academic on his part.
Because in real life I have yet after more than half a century circling the Sun to find someone who goes around handing individuals large sums of money for nothing.
Agree or disagree, doesn’t matter, we all raise our children with our own values. The children above – mine and my nephew – are out in the workforce, successful, and well balanced. Hopefully the early inculcation into adult concepts at a time they can both realize the gravity and the alternative outcome of their decisions helped. We’ll never know. Did not hurt though.
11:32 The villain in every “classic American” Western looks and acts exactly
like Donny Trump.
“And again I say unto you, it is easier for a camel to go through the eye of a needle, than for a rich man to enter into the Kingdom of God.”
“Lefty, Raised Gator Jr. the same way you raised yours.”
Not surprised. We have affinity on core values, if not political pathways. And admittedly I suffer fools much less readily (hat tip to Old there).
“Very Stable Genius says: Nobody posses the secret to life and young adults will exhibit agency. The idea that you can engineer a kid into successful adulthood…”
Yet again demonstrating your tenuous grip on nuance….(another tip to Old)
“And again I say unto you, it is easier for a camel to go through the eye of a needle, than for a rich man to enter into the Kingdom of God.”
Confucius say, man who go to bed with itchy hiney, wake up with smelly finger.
Ew. But true. Hunter B’s wife is hotter than hell.
“What does a tax on over $1b income really mean?”
To Grim’s specific question I’d like to know how many taxpayers had income over $1B.
Likely the tax code has changed somewhat since structuring these deals was directly in my wheelhouse but there would likely be extraordinary circumstances to sell a privately owned business at these levels and get hit with that tax bill. Easiest way to defer taxes was a share deal (as opposed to a cash sale), where you receive shares of the acquirer and keep your original basis. Obviously requires a level of comfort with the buyer and its prospects.
Trying to think of examples, no time to google, one that comes to mind is Honey Science which was founder owned and acquired for somewhere around $4B…given the co-ownership though I’m guessing not even the founders generated over $1B of income on that one…
Bottom line, I’m all in favor of an tax on incomes over $1B of 100%….because first they really don’t exist and, second, if that tax becomes a reality I can absolutely guarantee you there will never be an income over $1B lol.
Yep, it’s always about those billionaires….every single one of the woes of the 341,714,401 Americans who are not billionaires is attributable to the 831 Americans who are…/smh/
Because Bernie says so. Elizabeth too.
The Hinter conviction is awkward for Republicans. Have to dance carefully with the addiction issue and conservative groups will be on Hunter’s side in relation to appellate issues related to guns.
If you look at the monthly deficit, billionaires couldnt even come close to supporting this federal government. That’s why they want to go after everyone’s venmo.
Libturd,
The focus should be on growing absolute incomes fast rather than focusing on relative incomes. And the best way to grow incomes is to encourage capital accumulation and investment and productivity. The opposite of the typical government’s policies of promoting consumption via wealth transfers, government spending, and a growing public sector, which provide near term political benefits while sapping long term growth potential. But to get there one has to overcome the ethics and politics of envy.
“If you look at the monthly deficit, billionaires couldnt even come close to supporting this federal government. That’s why they want to go after everyone’s venmo.”
Exactly, thin edge of the wedge, camel’s nose under the tent, etc…if they get a useless tax on incomes over $1B the next and intended step is a wealth tax which has had zero traction so far when proposed by the far Left…which wealth tax will then inevitably trickle down to you…
The history of the US tax system is replete with expansion…nearly every ‘taking’ by the government of your person starts with a small, targeted group then moves to the general population…income taxes enacted in 1913 hit less than 1% of the population with an effective rate in the single digits….ditto AMT, etc. Look where you are now, middle class suburban residents at a marginal rate approaching 50% all-in…
Expansion to the masses is unavoidable. The math simply does not work having a small minority funding the intended spending. Those taxes must and will trickle down to the middle class because that’s where in the aggregate the most income lies….
Funny, typing that, I am struck by the irony of the Left’s voracious animosity toward revenue based ‘trickle down economics’ but their cricket like silence regarding their track record of ‘trickle down economics’ of taxation under the tax code to the masses.
In some cases people are just poverty stricken & need government help.
Programs to feed and house the poor as well as provide medical care should be front and center in America.
Trickle Down has been debunked by countless economists.
“The Hinter conviction is awkward for Republicans.”
Possibly, depends how they [over]play it…
Best case for them is hit it hard and only quickly (and then let it be) to re-emphasize on an emotional level for swing voters what a shit-show the Biden family (ie, Joe) is….fundamentally equivalent to the Left shrieking ‘convicted felon’ over and over…
Caution is that they shouldn’t overplay it…DJT conviction is a non-issue for most voters so Biden’s kid won’t matter rationally…hit it too hard and you’ll turn voters off as well as open yourself to mockery.
The knock-on benefit of the kid’s conviction, if one can call it so, is that by convicting a Biden right after DJT both verdicts can be de-legimitatized…in other words the Hunter conviction correctly played can blunt DJT blowback as the general populace views the Courts as highly politicized and invalid…
Not great long term for the Republic but, hey, realpolitik is realpolitik…
“Trickle Down has been debunked by countless economists.”
Any commentary you care to offer on the ‘trickle down’ of taxation from the truly wealthy to the masses by the Left over the last century or so?
Trickle down only works when they are bailing out Silicon Valley Bank
Remember, SVB was not bailed out….they failed and their shareholders went to zero…
Those ‘bailed out’ were the irresponsible depositors who received real, tangible benefits both as corporates and officers in corporates for ignoring prudent financial management practices.
It is downright criminal that the CFO of ROKU, which company had something well over $500 MILIION on deposit at SVB, and who was an officer in one of the largest failed banks during the GFC personally got off this one scot-free AND the corporate ROKU did not lose a dime…
Old realtor says:
June 11, 2024 at 12:33 pm
“The Hinter conviction is awkward for Republicans.”
No, it’s not. While Hunter was correctly found guilty — which is a mild surprise to me — you have to remember that he only went to trial because the plea bargain that his father’s DoJ worked out for him was such an immense and obvious sham (in favor of the Dems/swamp) that the judge literally had no choice but to reject it. No one in the Dem-controlled swamp had any intention of trying Hunter on these charges, just as they had no intention of trying him on the charges that they deliberately let ‘expire’. T’s trial on the other hand, and the charges themselves, were such a complete, politically-driven sham (in favor of the Dems/swamp), that even the president of El Salvador expressed his embarrassment at what’s become of us.
DJT down to 39.
Those damn interest rates.
Look for a Trump/Kushner property to rise from the sands of an El Salvadorian beach in the near future.
DJT down to 39.
How’s JRB stock doing?
2:05 let’s drug test all gun buyers now.
What is JRB? Is there such a thing?
What is JRB? Is there such a thing?
Nope, there isn’t such a thing. That’s the point. One side makes, the other side takes. 50 years as a whale-gushing politician peddling nothing more than influence is worthless.
4:10
Red States take far more than they produce from Blue States.
Your narrative like most of your thinking is wrong.
Gonna be rough couple of months for sleepy Joe if Hunter flips you know starts taking about the “big guy”. The tax evasion trials starts right after Labor Day. Who knows what the ex-wife, and his brother’s widow or other family members that received money from the various shell companies setup will say. They did a pretty good job of burying Hunter already in this gun trial, now he really is a man with nothing to lose.
Speaking of trials our esteemed Senator Menendez’s trial is almost over.
Bob decided he was no longer a Democrat he wants to serve us from jail, he filed as an independent last week for the upcoming senate election. Andy Kim who won the primary for the Democrats will probably win the senate seat over GOP Bashaw.
Only 146 days to go!
Red States take far more than they produce from Blue States.
Blue States have a substantially larger population than Red States. Red States are more rural, spread out. It’s the reason the electoral college matters despite liberals spouting off the popular vote nonsense. Chicago has a few more people than Sioux Falls. What is it that Red States take “far more” of compared to Blue States?
Juice 4:22,
I was thinking the same thing. Hunter is now a felon and might be convicted of tax evasion. Then the FBI sits all family members down and tells them how much jail time they’ll do if convicted. Look out, Joe. Gee, can they bootstrap something on Trump’s kids to even the score?
Joey Chestnut banned from Nathan’s Hot Dog Eating contest for signing endorsement with Impossible Foods. This was the reason Kobayashi initially stopped competing because they wanted control over what endorsements he could take.
It’s really rich of the East/West coast liberal to outsource every single factory job in flyover country and then criticize them for being poor.
Fuck you
Libturd says:
June 11, 2024 at 10:07 am
Thanks Old.
I’ve been around too long to make enemies or to be offended by anyone here. One of the greatest things I learned from an ex-girlfriend back in my college days is to love your enemies. I really live by this. I’m not afraid to say anything to anyone, but I tend to keep it rationale and polite. The rudeness and selfishness displayed by the average human today is simply disgusting. Though, when I do hold the door for someone or treat fellow humans with dignity and politeness, the reaction is usually so much more pronounced as the receiver is shocked by it after having to deal with so many countless assholes. And then there is karma, which is the payback you frequently receive as a result of your politeness. People ought to try it sometime. And use their damn directionals for a change.
BRT: In all fairness Republicans were fine wit outsourcing factory jobs too.
( )( )====D —enemies—
4:36 “welfare”….healthcare ….you hame it.
Red States would literally starve without the far more productive Blue States.
Here:
https://taxprof.typepad.com/taxprof_blog/2023/07/red-states-feed-at-the-federal-trough-blue-states-supply-the-feed.html
Welfare doesn’t prevent people from starving. It mires them in dependency.
Social safety nets worldwide routinely come under attack by critics wielding an argument that is as misleading as it is familiar. Measures such as subsidized health insurance, food and nutrition programs, and targeted cash payments to the poor, it is said, incentivize idleness, encourage freeloading, and create a culture of dependency. In response, policymakers cut funding, allow inflation to erode benefits, and make social programs harder for people to access.
Source: https://epod.cid.harvard.edu/article/dispelling-myth-welfare-dependency
LAX: Then let the red states leave if Liberals hate them so much.
8:07 laughable. They’d starve.
8:07 no one said anything about “hate”, those are your words.
I’m probably one of the few people here who has spent any time living in red states.
They’re aren’t many opportunities there and with the current political climate I would probably pass. The red states are affordable for good reason.
LAX says:
June 11, 2024 at 7:29 pm
“Red States would literally starve without the far more productive Blue States.”
The sclerotic and dying blue states should thank their lucky stars that the red states still produce real men who are both willing and able to defend this country; lord knows the blue state cucks and trannies certainly can’t. If this country split, and the blue states got into a war with Canada, it would be a draw.
LAX: Ok. Not hate, but dislike and perhaps contempt for them. As for them
starving , I am sure they would find a way to survive or eke out a meager existence.
How are the red staters gonna both save and kill babies at the same time? Plus all that time in Church. I’m not so sure there’s time for warrin’.
LAX: Then let the red states leave if Liberals hate them so much.
This is the funniest part. They view them with such contempt yet the mere idea of secession is a firm “ABSOLUTELY NOT”!
8:56 your stupid narrative is of course wrong numbnuts:
In 2020, more than 40% of new military recruits came from five states. The top five states for military recruits that made up 41.1% of all military recruits in 2020. The states are California, Texas, Florida, Georgia, and New York.
Never Forget:
The story of Tillman’s death at age 27 — and of the aftermath of the tragedy — revolves around a series of inexplicable command decisions that, even today, confound his family and those who served with him. Commanders ordered half of Tillman’s platoon to drive through a canyon highly vulnerable to ambush. After Tillman’s death, commanders concocted and disseminated a false narrative to conceal the reality that he’d been killed by friendly fire. Their continued lack of accountability about these command decisions and the subsequent cover-up have served as an ongoing impediment to closure for Tillman’s family and platoon mates.
Source: https://www.espn.com/nfl/story/_/id/39954768/nfl-cardinals-tillman-afghanistan-9-11
LAX: Probably a lot of low income/ poor from the urban areas of New York and California, A lot of poverty in rural New York State as well. My point is I don’t think there are a lot of young people from the comfortable suburbs in California and New York are joining the military. 3 of the states you note are southern/ red, and rural
New York is culturally the same as any red state.
I can’t believe you guys are still arguing, red state, blue state, cultural differences.
I think we’ve been having the same argument for a couple of decades.
With no resolution in sight.