Kava

@Docquistador Boomers receive ~40% of all federal spending through direct entitlements — Social Security, Medicare, and elder‑care programs.If younger Americans got even a fraction of that share, we could: • Eliminate student debt • Make housing affordable again • Fund universal childcare

@ScottMcConnell9 It’s got to be a high age or handicap division. Not the real club no handicap open division

Trump is legit a pretty good amateur golfer. I'm a member of one of his clubs so I've seen him play many times. He probably was a 4 or 5 in his prime. He's 80, and drives it about 180 yards now. No one like that can win a senior club championship in any universe.

@elonmusk We have to end the geritocracy and instead funding wild retirement benefits fund parents

They are far along the road to extinction

@am_na @notchrisvolpe Yep, Politicians rarely do smart things.

@KavaCap @notchrisvolpe Neither does stupidity

TLDR: Bill Ackman thinks the average homeowner who owns one property should pay more in taxes so that he can save money on his collection of spare penthouses that sit empty most of the year

@AmusedCynic1982 @LilBitchBoi945 @notchrisvolpe 👌🙄

@KavaCap @LilBitchBoi945 @notchrisvolpe You're not from NYC, you know nothing about it.

@Anishinabe_ @notchrisvolpe How about not paying entitlements to wealthy households often making more than 100k per year

@KavaCap @notchrisvolpe How do you propose we "end multimillionaire entitlement" without taxing them accordingly?

@Anishinabe_ @notchrisvolpe Suburbs. Where the local government is on its way to becoming NYC.

@KavaCap @notchrisvolpe Aren't you in Washington?

@LilBitchBoi945 @notchrisvolpe 🙄 familiarize yourself with middle class in NYC.

@KavaCap @notchrisvolpe The middle class doesn’t have second properties. Much less second properties that are homes worth over 5 million dollars or condos worth a million. If u have a second home that’s worth five million dollars, ur rich

My boomer dad retired at 61. A guaranteed pension. A mortgage free home. Medicare at 65. Social Security waiting for him. Over dinner, he told me I just needed to be better with money. I make $78,000 a year. My rent is $2,350 a month. I’ve managed to save about $5,200. I just nodded. Changed the subject. But this is what I wanted to say: Your pension disappeared for the people who came after you. Your retirement is supported by a workforce that’s paying into a system many of us aren’t sure will be there when it’s our turn. The home you bought for a fraction of today’s prices is now worth nearly $950,000 while first time buyers are expected to borrow almost that much just to get started. It wasn’t that your generation worked harder. You entered the race when the starting line was much closer.

@UziCryptoo The only one extorting is the ones taking 50% of your wages and taxing every time you buy something.

Companies: “We can’t afford to give you a living wage, inflation is just too crazy right now.” Also those same companies: Posting record $10 billion profits and doing multi-million dollar stock buybacks. It’s not inflation anymore, it’s corporate extortion.

@daviexbt Wow that’s some great real estate appreciation in Africa.

My boomer neighbor bought his house in 1991 for $92,000. He never refinanced. He simply paid it off. Today, his property taxes are about $2,100 a year because he’s owned it for decades. The exact same house next door just sold for $965,000. The 31 year old who bought it now pays roughly $10,800 a year in property taxes and nearly $5,000 a month on the mortgage. Same street. Same house. Completely different reality. We didn’t just price an entire generation out of homeownership. We priced them out of the future.

@Suaveone101 @Docquistador Ok Boomer. You have actually cited a single fact. Retarded

@KavaCap @Docquistador Whatever we are we make you look as smart as a goldfish in a dirty bowl

Boomers will see this and still try to tell you that double chicken you got at chipotle 3 weeks ago is why you’ll never own a home.

@notchrisvolpe I love it though. Tax the Billionaires became tax the working middle class. Reap what you sow

@KavaCap Neither does letting a handful of rich people evade taxes. Speaking of envy, why you so obsessed with NYC when you live 200+ miles away?

@Suaveone101 @Docquistador Wow so naive of facts. Boomers selfish and retarded

@KavaCap @Docquistador MAGA is not advocating for taxes or more entitlement you moron and if the younger idiots had the money you’d get more apps and buy cars and shyt. You’re idiots with zero solutions and zero brains.

Remember when they said this was a tax on Billionaires Suckers

@ProudSocialist Which republican run city looks like that. I’ll wait

This is your city under capitalism.

Yep

@TrojanPoobah @DavidPiotrowski So you didn’t out negotiate him then after all

I rented a house for 16 years and the landlord said he was moving back to the state and gave me 4 months, which was fine, but it turned out he wasn’t planning on moving back. I was a great tenant - never had a problem, I kept the place in great condition etc. He more than doubled the rent for the new renters…. He knew he couldn’t raise it up on me by very much because whenever he tried over the years I out-negotiated him. 🤣 The timing was perfect because unbeknownst to him, we were already house hunting and found a place we loved about 2 weeks later.

Landlord: Sixty-day notice. I'm moving into the unit myself. Tenant: You can't do that. I've been here nine years. Landlord: That's why it's sixty days and not thirty. Tenant: This is my home. I'm not leaving. Landlord: You have 60 days to move.

The @NYCMayor Mamdani pied a terre tax (the PAT tax) will likely reduce overall tax revenues for NY and that’s before considering the capital flight it will cause. When a NYC home is burdened with an additional annual tax, the home value will decline by the capitalized value of that new tax. While the PAT tax is set at 5%, it is 5% of the assessed value of the home, which is generally substantially less than its market value. Assessed values are typically a fraction, let’s say 6%-15%, of the market value of a home and/or apartment so economically the PAT tax should be approximately 0.3%-0.75% of the market value of the home. Using a 4% cap rate, a 0.3%-0.75% PAT tax should reduce market values and annual real estate tax collections by 7.5%-18.75% assuming people believe the tax will be payable annually over the long term. The impact on current real estate values is not just on owners whose primary residence is elsewhere. As such, the value of all NYC residential real estate is going to decline. This will lead to substantially reduced assessed values and lower overall real estate tax collections. And all of the above is before considering capital flight as more wealthy NYers leave the city and the desirability of NYC residential real estate declines. Tell me why I am wrong.