California tax deed auctions worthwhile?

softdown · October 10

Always been in love with the geography of California. A political mess in the vast metro areas but still pretty solid away from the frothing masses.

Tax deeds have a comparatively high rate of return. About the only thing that currently rivals more recent inflation rates.

Florida tax deed process is horrendous. Never doing that again.

California tax deed auctions worthwhile? Favoring northern California - where relative sanity still reigns.

softdown · October 12

What are you thinking? CA is reinstating mask mandates? Bloody hell man. INSANITY.

BB. · October 13

I would avoid California--Unless you have a specific need to be here (I am born and raised in California for almost 7 decades, my wife immigrated here, have our families here). High Taxes, poor energy policies that also raised costs of energy (near $5.00 a gallon for gasoline--Highest in the nation, and what do you think of $0.40 to $0.50 per kWH for electricity). And a nanny state set of governments.

And yes, one of the counties is mine that is implementing the new mask mandate. They threatened us to stay inside, closed businesses down, and left $10,000,000 of protective gear outside in the rain during "COVID". S**** them.

https://abc7news.com/san-mateo-county-ppe-covid-equipment-investigation/11698513/

I can certainly afford to stay here thru end of life... But every few weeks (if not more often during "legislative season", another dumb law is passed. This latest was against the First Amendment and "deep fake parodies).

https://www.gov.ca.gov/2024/09/17/governor-newsom-signs-bills-to-combat-deepfake-election-content/
https://www.forbes.com/sites/siladityaray/2024/10/03/federal-judge-halts-californias-new-anti-deepfakes-law-musk-says-its-score-one-for-free-speech/

Also, watch out, California has implemented a 10 year "exit tax" on anyone with more than $30,000,000 in assets (as we know, those numbers will be "adjusted" in the future, let alone what happens with inflation). And that includes taxes on unrealized capital gains (so far, other states and federal governments have failed to pass that nasty set of taxes--yet):

https://www.sambrotman.com/service-tax-optimization/california-exit-tax/

If you want to rent out any residential properties, watch out for rent controls. There are both scattered local (usually urban) laws, as well as state law... And more to come(???).

https://www.doorloop.com/laws/california-rent-control-laws

It is insanity here...

-Bill

Wheelman55 · October 13

And for those who pull a trailer…the speed limit is 55 mph state wide.

It sure is beautiful though…

softdown · October 13

Wheelman55 said:

And for those who pull a trailer…the speed limit is 55 mph state wide.

It sure is beautiful though…

That trailer speed limit is crazy. Trailers are also empty almost half the time.

I could see 65 on loaded trailers at times. A terrible accident recently forced traffic into a lengthy detour involving washboard roads. Managed to loosen up a couple boards that I was fortunate to catch early enough.

A friend wanted 4 blocking boards for his semis. Happy to help but it changed the load a bit. Re-adjusted in the dark and bit tired to boot.

80 psi tires give a bouncier ride behind the tires as well. Plus someone has stolen about a hundred trailer straps from me. Have to keep buying more and more. They have not shown up on more recently installed security cameras. Must have a wifi jammer.

softdown · October 13

BB. said:

I would avoid California--Unless you have a specific need to be here (I am born and raised in California for almost 7 decades, my wife immigrated here, have our families here). High Taxes, poor energy policies that also raised costs of energy (near $5.00 a gallon for gasoline--Highest in the nation, and what do you think of $0.40 to $0.50 per kWH for electricity). And a nanny state set of governments.

And yes, one of the counties is mine that is implementing the new mask mandate. They threatened us to stay inside, closed businesses down, and left $10,000,000 of protective gear outside in the rain during "COVID". S**** them.

https://abc7news.com/san-mateo-county-ppe-covid-equipment-investigation/11698513/

I can certainly afford to stay here thru end of life... But every few weeks (if not more often during "legislative season", another dumb law is passed. This latest was against the First Amendment and "deep fake parodies).

https://www.gov.ca.gov/2024/09/17/governor-newsom-signs-bills-to-combat-deepfake-election-content/
https://www.forbes.com/sites/siladityaray/2024/10/03/federal-judge-halts-californias-new-anti-deepfakes-law-musk-says-its-score-one-for-free-speech/

Also, watch out, California has implemented a 10 year "exit tax" on anyone with more than $30,000,000 in assets (as we know, those numbers will be "adjusted" in the future, let alone what happens with inflation). And that includes taxes on unrealized capital gains (so far, other states and federal governments have failed to pass that nasty set of taxes--yet):

https://www.sambrotman.com/service-tax-optimization/california-exit-tax/

If you want to rent out any residential properties, watch out for rent controls. There are both scattered local (usually urban) laws, as well as state law... And more to come(???).

https://www.doorloop.com/laws/california-rent-control-laws

It is insanity here...

-Bill

Yes, the major metro areas are committing high profile suicide. Rest of the state is still sane. Gov Gruesome and Trudeau...

Marc Kurth · October 15

BB. said:

I would avoid California--Unless you have a specific need to be here (I am born and raised in California for almost 7 decades, my wife immigrated here, have our families here). High Taxes, poor energy policies that also raised costs of energy (near $5.00 a gallon for gasoline--Highest in the nation, and what do you think of $0.40 to $0.50 per kWH for electricity). And a nanny state set of governments.

And yes, one of the counties is mine that is implementing the new mask mandate. They threatened us to stay inside, closed businesses down, and left $10,000,000 of protective gear outside in the rain during "COVID". S**** them.

https://abc7news.com/san-mateo-county-ppe-covid-equipment-investigation/11698513/

I can certainly afford to stay here thru end of life... But every few weeks (if not more often during "legislative season", another dumb law is passed. This latest was against the First Amendment and "deep fake parodies).

https://www.gov.ca.gov/2024/09/17/governor-newsom-signs-bills-to-combat-deepfake-election-content/
https://www.forbes.com/sites/siladityaray/2024/10/03/federal-judge-halts-californias-new-anti-deepfakes-law-musk-says-its-score-one-for-free-speech/

Also, watch out, California has implemented a 10 year "exit tax" on anyone with more than $30,000,000 in assets (as we know, those numbers will be "adjusted" in the future, let alone what happens with inflation). And that includes taxes on unrealized capital gains (so far, other states and federal governments have failed to pass that nasty set of taxes--yet):

https://www.sambrotman.com/service-tax-optimization/california-exit-tax/

If you want to rent out any residential properties, watch out for rent controls. There are both scattered local (usually urban) laws, as well as state law... And more to come(???).

https://www.doorloop.com/laws/california-rent-control-laws

It is insanity here...

-Bill

As an escapee from CA, sadly I must agree. I only miss what California once was.

Marc

California tax deed auctions worthwhile?

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