Earlier quoted context omitted.
If you're renting, your landlord is paying property tax and passing it on to you.
By that logic, no one pays taxes except consumers.
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NY Senate Bill S5474 proposing a universal single payer health plan for NYers
251–260 of 569 posts
Re: NY Senate Bill S5474 proposing a universal single payer health plan for NYers
#252It would be great if they could handling things already successfully resolved in other places, like Balance Billing https://en.wikipedia.org/wiki/Balance_billing#United_States When I was with a Virginia employer, it was WYSIWYG on billing. In NY, you never know since there is the co-pay, and then there is the surprise 2nd bill that comes in the mail. It is a solved problem, not sure why such obvious solved problems c…
Balance billing was banned federally. https://www.dfs.ny.gov/consumers/health_insurance/surprise_m...
Re: NY Senate Bill S5474 proposing a universal single payer health plan for NYers
#253Earlier quoted context omitted.
CA is losing population: https://www.sfchronicle.com/bayarea/article/Bay-Area-countie... It isn't crazy fast but it is happening. We will see if the trend holds...
How much of this do you think comes from the Bay Area and Los Angeles housing costs and the ability to remote work in the last couple of years (which seems to be coming to an end... possibly) and how much do you think is because of policy and city deterioration which has been publicized? I can't speak for CA but I see parallels in Seattle, though there's only movement to other cities within other WA cities (mainly th…
The common refrain is very Yogi-Berra-like, "nobody lives there anymore, it's too crowded."
Few people on the right want to connect things like rising homelessness -> rising rents and property values in the same period -> an influx of high paying jobs. There aren't concrete policy proposals given to fix those things given the circumstances of the last decade, just finger-pointing at whatever particularly policy someone doesn't like. The amount of gymnastics done to blame anything other than "importing a bunch of high-earners and/or wealthy people has unintended consequences" is high. E.g., pointing to pre-Covid out-migration overall numbers while ignoring net in-migration within the US for earners over 100K/yr. (I haven't seen if this has changed post-Covid, it wouldn't suprise me if it has, but one would want to keep an eye on it over the next two years as policies around WFH shift, of course.)
Re: NY Senate Bill S5474 proposing a universal single payer health plan for NYers
#254Earlier quoted context omitted.
Rent is not tax, what an absurd comment.
I’m a landlord and yes it is. My taxes doubled last year because of the stupid housing bubble and so we had to raise rent as well. Gotta make a profit here for this investment to be worthwhile.
> My taxes doubled last year because of the stupid housing bubble and so we had to raise rent as well. Gotta make a profit here for this investment to be worthwhile
Surely you see stuff like this is part of what is driving this very bubble?
Re: NY Senate Bill S5474 proposing a universal single payer health plan for NYers
#255[deleted]
Re: NY Senate Bill S5474 proposing a universal single payer health plan for NYers
#256Earlier quoted context omitted.
NY has low property taxes compared to most no-income-tax states
Where is that? My parents lived in North County and paid 13k+ a year on a $350k house. Their current place in Tampa is about 400k and the taxes are less than half of what they were in NY. Maybe Florida is a special case?
I'm basing this off of apartments in NYC. I often see ~$600k co-cops with $800 monthly co op fees (of which half is maintenance half is taxes). That seems low to me compared with similarly priced homes elsewhere.
Re: NY Senate Bill S5474 proposing a universal single payer health plan for NYers
#257Earlier quoted context omitted.
The point is, the apartment owner pays property tax and collect rent from tenants to pay for that. If property taxes go up, property owners raise rents to compensate. So the tenants are paying the property tax, albeit indirectly.
Landlords are also competing with each other and tenants have limits based on what they can actually afford to pay. At some point they can be forced to move out of the city to a lower cost of living location, dropping demand. In fact it's entirely possible for a significant increase in tax rates to make rental units a poor investment, causing housing prices to plummet and rents to drop. Your mistake is assuming that…
> In fact it's entirely possible for a significant increase in tax rates to make rental units a poor investment, causing housing prices to plummet and rents to drop.
How does this logic work? Building apartments becomes a bad investment. Then developers don't build apartments. And somehow constrained supply is supposed to result in lower prices?
Re: NY Senate Bill S5474 proposing a universal single payer health plan for NYers
#258Earlier quoted context omitted.
> The young should not pay for the healthcare of the elderly. The same way responsible drivers should not pay for reckless ones? Or responsible homeowners shouldn't pay for reckless ones? The whole idea of insurance is to distribute the costs so that no one has to bear long tail costs alone...
Long tail costs are things like freak car accidents, hail, etc. Reckless drivers should and are charged more because their costs are higher as a result of their own choices. Obese smokers should be charged more than healthy people but they're not because ACA says you can't discriminate based on pre-existing conditions. That means healthy people end up subsidizing lung cancer treatment, heart disease treatment, insuli…
Older people do pay more for healthcare insurance…
Re: NY Senate Bill S5474 proposing a universal single payer health plan for NYers
#259Earlier quoted context omitted.
The point is, the apartment owner pays property tax and collect rent from tenants to pay for that. If property taxes go up, property owners raise rents to compensate. So the tenants are paying the property tax, albeit indirectly.
If the tenants will pay and it doesn't break any rules, why not raise rent before taxes go up and pocket the extra? (serious question)
This happens all the time. Deciding whether a raised rent price is justification for moving out is a complicated and personal process and yet it fuels all of the response to landlords that do this.
Also, 1-year leases are typical in the U.S. (at least Philly/NYC northeast U.S.), so from that contractual perspective, your rent can go up every year and that's totally legal.
Re: NY Senate Bill S5474 proposing a universal single payer health plan for NYers
#260Earlier quoted context omitted.
Why? Wouldn't a line skip be by definition something that the public system isn't offering?
I haven't read the full text of the bill, but presumably not. The intent will be to disallow private coverage for any service that the government would provide, specifically because they would want to make sure that people with money couldn't avoid the public system. That's how it ends up working in many places with government care
I don't know of any healthcare system where what you're describing is the case outside of outliers like North Korea. Even in the UK with NHS, there's a whole system of private insurance and private hospitals too.