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Molson_Hart's profile
Molson Hart
Molson Hart
Molson Hart
@Molson_Hart

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Molson Hart

@Molson_Hart

CEO at http://amazon.com/viahart . CEO at http://edisonlf.com . I tweet about business, e-commerce, supply chain, health, law, & infrastructure

Austin, TX
Joined July 2015

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    1. The Rational Walk‏ @rationalwalk 21 Jan 2019
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      Many very real costs of owning real estate are purposely obscured by the real estate industry. Structures depreciate and around 1-2% of the property value should be reserved for maintenance (depending on age). Acknowledging this would shift rent v own calcs so it isn’t discussed.

      13 replies 36 retweets 169 likes
      Show this thread
    2. Yet Another Ryan‏ @so_many_ryans 21 Jan 2019
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      Replying to @rationalwalk

      In Texas, it's the taxes that kill and especially the school taxes. Rents can't keep up with the increasing taxes anymore, as values rise, no tax districts lower rates, just rake in ever more money

      2 replies 0 retweets 2 likes
    3. Molson Hart‏ @Molson_Hart 21 Jan 2019
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      Replying to @so_many_ryans @rationalwalk

      Yeah, were it not for reasonable land and property taxes, TX property taxes would be insane. You rent or own?

      1 reply 0 retweets 1 like
    4. Yet Another Ryan‏ @so_many_ryans 21 Jan 2019
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      Replying to @Molson_Hart @rationalwalk

      own a few apartments and hate the taxes, feel bad, raising rents on tenants but they've quintupled taxes in 10 years, doesn't hurt me I guess, my take is the same. People vote for the school bond issues, guess it's their own fault.

      2 replies 0 retweets 2 likes
      Molson Hart‏ @Molson_Hart 21 Jan 2019
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      Replying to @so_many_ryans @rationalwalk

      I was looking at property tax records in Austin a little while back. It seemed like the assessed value (what property taxes are based on) was really racking the market value. Is that right? I was astonished to see how costly it would be to live there because of property tax!

      7:04 AM - 21 Jan 2019
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Yet Another Ryan‏ @so_many_ryans 21 Jan 2019
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          Replying to @Molson_Hart @rationalwalk

          In theory, the tax rate should fall if the market values of all the property in taxing district rise because the amount of revenue should remain constant.

          1 reply 0 retweets 0 likes
        3. The Rational Walk‏ @rationalwalk 21 Jan 2019
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          Replying to @so_many_ryans

          The first two words in your tweet are the key ones. In theory.

          0 replies 0 retweets 1 like
        4. End of conversation

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