Fleeing New Yorkers resulted in an estimated $34B in lost income

Re: Fleeing New Yorkers resulted in an estimated $34B in lost income – study

#171

Post by vrperson » Fri, Dec 18, 2020, 1:55 AM UTC

wavefunction wrote: post #167

vrperson wrote: post #23

Earlier quoted context omitted.

de-gentrification is a good thing if you don't like cupcakes and cafes and nice restaurants and nice shops.

Too bad people can't make cupcakes for themselves.

That's a lot more effort than a quick 2$ at the corner cafe.

Re: Fleeing New Yorkers resulted in an estimated $34B in lost income – study

#172

Post by yurielt » Sat, Dec 19, 2020, 12:27 PM UTC

cmdshiftf4 wrote: post #144

yurielt wrote: post #52

Earlier quoted context omitted.

ANd if you like payable rent non obnoxious hipsters and their shitty music, POC and people that have politics informed by more than buzzfeed

Do you know how I can tell you’ve never lived in a low income area?

I lived in the latino part of the brooklyn for a good time it was much better before the hipsters came I will always prefer that to what gentrification brings

Re: Fleeing New Yorkers resulted in an estimated $34B in lost income – study

#173

Post by compsciphd » Sun, Dec 20, 2020, 5:38 PM UTC

jere wrote: post #158

compsciphd wrote: post #156

Earlier quoted context omitted.

invest 1 million in a building, raise its value to 2 million. sell building for 2 million. buy another building for 2 million. 0 taxes paid on growth. and new basis is 2 million.

Don't you pay capital gains on real estate sales? It's something they remind you of everytime you sell a house.

not if you buy a replacement. (which goes together with the depreication comment).

https://www.investopedia.com/articles/06/section1031exchange...

though I was wrong about the stepped up cost basis. was confusing that with inheritance.

Re: Fleeing New Yorkers resulted in an estimated $34B in lost income – study

#174

Post by marek22 » Wed, Dec 23, 2020, 1:15 AM UTC

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