In California, you can now sell your ADU
1–10 of 108 posts
Re: In California, you can now sell your ADU
#2Sub-Sub-divisions!
Soon: Recursive HOA's
Re: In California, you can now sell your ADU
#3Sub-Sub-divisions! Soon: Recursive HOA's
With forked bylaws and version controlled fines?
Re: In California, you can now sell your ADU
#4Sub-Sub-divisions! Soon: Recursive HOA's
[deleted]
Re: In California, you can now sell your ADU
#5“While the bar for affordability is low—one 748-square-foot property included in the report sold for $610,000 in 2022—“
Sorry, the bar is LOW?
Re: In California, you can now sell your ADU
#6> The legislation could be a major benefit to senior citizens on a fixed income who often can’t afford to move, whether because of high interest rates or capital gains taxes incurred by selling a long-time home.
A group that is extremely small - and we pretend like every grandma in the world lived in a little cottage in Hollywood that's now worth $3m - and whatever would she do if she had to 1031 into rental properties and live lavishly literally anywhere else in the world.
We have to think about all the poor multi-millionaire grandmas and not the current generation that can't afford to own a home and start a family - which is a looming demographic disaster.
It's fine if your kids can't afford to live where they grew up. But it's not fine if grandma has to take a $3m windfall and move to the mountains, or Mexico, or Europe, or literally anywhere.
Have your cake and eat it, too, grandma.
Re: In California, you can now sell your ADU
#7California politicians will do everything possible to relieve the housing crisis, except build new housing.
Re: In California, you can now sell your ADU
#8> The legislation could be a major benefit to senior citizens on a fixed income who often can’t afford to move, whether because of high interest rates or capital gains taxes incurred by selling a long-time home. A group that is extremely small - and we pretend like every grandma in the world lived in a little cottage in Hollywood that's now worth $3m - and whatever would she do if she had to 1031 into rental properti…
Can't afford to move because they have to pay capital gains tax is such a bullshit reason. Pay it from the fucking gains, grandma..
Re: In California, you can now sell your ADU
#9US standard of living is decreasing and will never come back. Many economic anomalies can be observed to prove this: inflation is just one. But I think the most dangerous anomaly has been real estate.
In, what is ostensibly the most progressive, most prosperous state in the union, you can build a "mini house" (accessory dwelling unit) on your property and rent it out. The ideal target market would be my generation (millennials) and the next (Gen Z), bc we can't afford homes in CA.
And now, you can even "monetize" your ADU...sometimes the free market does bizarre things.
Question - how long will this last before the young say "enough" and vote for politicians that just redistribute assets? Bc that historically has not worked well.
Anyway, see you in Texas. Or Florida.
Re: In California, you can now sell your ADU
#10"the bill requires cities to opt into the program."
How many cities will ever sign up for this?