The irony of this shithole being sold for 4.4 million dollars on election day will be lost to most people. The additional government fees the buyer will pay, $236,212. Buyer is now paying $4.64 million
5.4% stamp duty tax? That's crazy. I think the US got rid of those duties in the late 19th century. I think it was mainly in the original 13 colonies in the northeast of US. The funniest tax in the US was the window tax where you had to pay a duty on every window you had in the building.
The guy buying this is a developer, so 4.6million is just starters. Then comes, Demolition fees Dump fees New building costs plus drainage, electrical, inspectors. Landscaping costs
The U.K. was famous for the window tax. It caused many owners of dwellings to brick up windows to avoid the tax. https://www.parliament.uk/about/liv...ase-study/about-the-group/housing/window-tax/ https://en.wikipedia.org/wiki/Window_tax https://www.lincolninst.edu/app/uploads/2024/04/2380_1720_Schwab_WP14RS1.pdf https://www.adamsmith.org/blog/the-window-tax
That's an insane price to pay for that standard boring house. And I thought California real estate prices were already ridiculously expensive. In 100 years this world will be a mess. The .5% and the poor middle class masses
I live in Alameda County and around here you pay $2500+ (AU$3850) for a 1 bedroom apartment. There was a shack in Palo Alto last year that went for $4 million. It was a dilapidated 2 bedroom 900 sf house. California is already a place for millionaires only.
LOL total landslide. Two-thirds of the country didn't even put them as their first choice. Only 3% odd more than the libs.
Well it is a landslide..... 1 Such a large win wasn't expected. 2 The opposition party has never been so weak and lost so many seats. 3 Never has an opposition leader lost their own seat in this manner. 4 Never has the ruling party been so strong and won so many seats. From what the media are reporting, such a hard swing was in most part due to the leader of the opposition Peter Dutton aligning himself to Trump.
The results were similar to Canada. What I gathered from reading r/australia (Reddit) the election was a blowout similar to Canada since the Canadian Conservative candidate Poilievre also lost his seat. No surprise since Trump's policies have pissed everyone off. I'm sure if there was an election in NZ the liberals would as well. The Anglosphere in general is fairly liberal besides the US. US is really center-right or right-liberal. The US has really only had 2 presidents since 1932 that can be considered left-liberal: FDR & possibly Jimmy Carter. The US populace generally doesn't like collectivism, they prefer individualism hence the affinity for cowboys & renegades. John Wayne & Clint Eastwood were cultural icons in this country historically. That is the way to understand Trump & the Silicon Valley techbros. I'm not sure exactly why NZ, Australia, Canada & the UK are so different than the US since they all come from the Scots-Irish & WASP background.