When Chicago banned single use bags, the side effect was very durable disposable bags. They were a vew mils thick and great for heavy stuff, but overkill for dog poop and kitchen trash.
Tinder is still there for the "discovery" of the people to add on Instagram, that is not going to change. Tinder doesn't make any extra money after people match, whether they continue to chat in or out of the app. Once connections are made and the users move out of the app, they still come back to Tinder for more discovery.
Have you noticed any change in audio quality between the two, GPM and Spotify? I've tried to poke at all the settings, and googled to learn more, but the Spotify recordings sound different. I'm trying to decide which i like better.
> Compare these supposed woes to any contractor and their clients, and this sort of bellyaching would be just be laughed at. "Theft"!!! Come on.
I don't follow. The contractor isn't forced to work for months without pay against his will if the client stops paying.
> This is a cost of doing business. 4-6 months of rent
Losing 4-6 months of rent erases multiple years of profits on that property
> There's huge asymmetry here, landlords have lots of wealth, lots of flexibility, lots of recourse and backup plans, but their tenants often do not
By your logic all business owners similarly are very wealthy and can absorb large losses. So all businesses have a duty to give way several years of profits to needy customers. Food is a necessity of life. Do restaurants have a duty to let customers eat for free?
But it's not just a cute game we play to get out of taxes
It's an accounting strategy that we are using for all fixed assets. All things have a useful life, and we just need a way to account for that. Not all improvements to a property will be durable. (Only land has durable value, which is why we only depreciate the portion of the purchase price that was for the improvements to the land)
The new roof we put on a property has a limited useful life. The kitchen remodel has a limited useful life.
If a property is not well maintained, then it may not be worth much in the distant future. If it is well maintained it may be worth more later.
If there is residual value, then we pay the tax when we recapture that value at a sale. If there is no value left at the end, then we don't.
Also, not all houses exist in San Francisco, where a dilapidated tool shed can be worth $1MM and be expected to double every year. Many markets are not very hot in terms of price appreciation. In my midwest market, I'm not even sure there has been any notable appreciation in the last decade. (And if there was, please don't let the county assessor know.)
> more tax write downs than most other investments.
Just to be clear for other readers. The only special tax write downs for real estate is depreciation, which isn't a write-down, it's a deferral. (OK, yes you can escape the deferred tax by dying)
Having a mortgage is irrelevant to the tax situation. Mortgage interest is not treated any different than interest on any other business or investment financing. Even the margin interest in our brokerage accounts is deductible.
I think a lot of folks are having feelings about this line
>stuck paying someone else's mortgage.
What he meant was that when someone is not paying the rent, and you are evicting them, you are paying for the living expenses for a stranger who may holding your property hostage, who may be actively abusing the property, who may be deliberately prolonging the experience.
This does not feel good to pay out of your own pocket to shelter someone else's family for any amount of time. There is no recourse to recover the money. Your best outcome it to just get the property back as soon as possible, even if that means rewarding the bad tenant with more money. And in most places in the US now, evictions are not even possible due to virus lockdowns.
Not paying rent is theft. It hurts financially and emotionally when people steal from you.
And for the soft-hearted landlords who didn't screen properly, or took a chance on a sob-story, it was already months of slow-pay or no-pay before you started the eviction. Can you imagine someone stealing 4-6mo of living expenses from you?
Equity isn't great for cash flow while you are giving free shelter to your squatter and his family. But it can help you get you that cash-out refi you'll need to pay for the remodel after it got trashed
What planet do you live on? San Francisco? Maybe you can get lucky and accidentally buy a house in a place that becomes the next silicon valley like your landlord.
In the real world, there are thousands of landlords that are just regular people and regular businesses that are not royalty. You can live anywhere you like.
Cash discounting is fine in all states. Surcharges are typically prohibited. Gas stations may be exceptional in that some will publicly advertise the dual pricing where allowable.
Wow, I must be pretty unsophisticated. I always thought cheesecake factory was a fancy place. I guess being located at the fancy retail mall must have colored my perception.