The Value of Milk.com • Hacker News Board

Re: The Value of Milk.com

#71

Post by lmm » Mon, Jul 29, 2024, 12:02 AM UTC

danfuzz wrote: post #70

lmm wrote: post #67

Earlier quoted context omitted.

California's property tax system is notoriously terrible and a significant contributor to the housing crisis in that state.

You're probably thinking of Prop 13, which, no argument. But I don't think the fix is as straightforward as you imply. (TLDR the biggest problems are due to corporate landowners, not families who own a single dwelling.) Also, what jurisdiction are you aware of that takes un-accepted real estate offers into account for tax purposes?

My background is Ireland, where there's a general requirement to self-assess an accurate value; you're not specifically required to take offers into account but you're not required to ignore them either, it's more of a "you should assess all the information available and come up with an accurate valuation" type law, with the specifics being left to interpretation. https://www.revenue.ie/en/property/local-property-tax/valuin... has a bit about the process.

Re: The Value of Milk.com

#72

Post by Reubend » Sun, Aug 04, 2024, 9:10 PM UTC

jjulius wrote: post #15

Reubend wrote: post #11

The owner is dreaming if they think that domain is worth $10 million. But that's fine, because they like the name, and there's no reason to sell it for a number they're not happy for. Personally, I wish we had more TLDs. Many of the most useful ones are expensive because of rent seeking companies that became the main registrar for them.

>The owner is dreaming if they think that domain is worth $10 million. I think you're taking that a weeeeee bit too seriously. One gets the sense that they just like having the domain and don't really care about the offers. Maybe he would if it's "high enough", sure, but much of this reads tongue-in-cheek.

You're probably right. $10 million might be metaphorical.

Re: The Value of Milk.com

#73

Post by Reubend » Sun, Aug 04, 2024, 11:01 PM UTC

x3sphere wrote: post #32

Reubend wrote: post #11

The owner is dreaming if they think that domain is worth $10 million. But that's fine, because they like the name, and there's no reason to sell it for a number they're not happy for. Personally, I wish we had more TLDs. Many of the most useful ones are expensive because of rent seeking companies that became the main registrar for them.

Looking at sales of other domains I don’t think 10M is insane for the right buyer. https://en.wikipedia.org/wiki/List_of_most_expensive_domain_... , Beer.com sold for 7M in 2004.

But beer is a much more valuable category for advertisement, and potentially a much more lucrative domain to have. There are social networks devoted to beer (Untappd), communities oriented around it, etc.