Hey everyone, let me introduce you to something we in the real estate world like to call, “property taxes”https://twitter.com/dhh/status/1272968382329942017 …
-
-
-
Replying to @Molson_Hart
Seems like, at least for now, both have monopolies on land
1 reply 0 retweets 1 like -
Replying to @EllliotttB
Briefly: Property taxes max out at like 3% in the United States. These takes from marketplaces go as high as 10x that. Not apples to apples, but still. Secondly, there are 2 app marketplaces. There is 1 ecommerce marketplace. There are 50 states. It's just a bad comparison.
1 reply 0 retweets 0 likes -
Replying to @Molson_Hart
You can’t pick up and move a building to a different tax jurisdiction because you don’t like how they’re treating you
1 reply 0 retweets 2 likes -
Replying to @EllliotttB
Are you saying that you think that property taxes are a good analog to marketplace commissions?
2 replies 0 retweets 0 likes -
Replying to @Molson_Hart @EllliotttB
It may not be a terrible analogy. Different tax rates by jurisdiction. Oftentimes special rates as incentives by specific cities - ie tax breaks for Twitter in SF and Amazon HQ2. Property taxes reassessed whenever new sales or changes to properties happen = feature update.
1 reply 0 retweets 0 likes
Respectfully, it is bad. I just don't want to take the time to prove it out.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.