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Strategies & Market Trends : Value Investing

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To: Cogito Ergo Sum who wrote (65967)	1/10/2021 1:22:02 PM
From: E_K_S	Read Replies (1) of 78817

I used to be a resident of CA and moved to NV (9 years ago) because of the State taxes. I still own a home (now my vacation home) in Silicon Valley and can not afford to sell it. I would have to pay over $200K in State/Federal taxes since I have a very low cost basis. My property taxes are 1/4 of those that all my neighbors pay (thank you Prop 13). The Value Proposition for me, is I can get a Home Equity Line Of Credit on my property in Silicon Valley (no plans now to do that yet) and use those funds to acquire other hard assets of value. One issue here is the City of San Jose has huge unfunded pension obligations (like many other CA Cities) and I expect taxes to go even higher. Therefore, it is just not cost effective to do any real estate projects in CA because of the huge future tax obligations (and/or possibilities) until local governments become more fiscally conservative (IMO). FWIW, I like BWEL for their Farmland assets (mostly located in the Central Valley) and that may/could be a way to invest in CA farm land. EKS

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