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From: Eli the Bearded <*@eli.users.panix.com>
Newsgroups: misc.news.internet.discuss
Subject: Re: there are other factors at play
Date: Sat, 31 May 2025 04:48:59 -0000 (UTC)
Organization: Some absurd concept
Message-ID: <eli$2505310048@qaz.wtf>
References: <101d31a$ldk1$1@dont-email.me> <eli$2505302103@qaz.wtf> <101dn9t$p4e1$1@dont-email.me>
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In misc.news.internet.discuss, JAB  <here@is.invalid> wrote:
> Eli the Bearded <*@eli.users.panix.com> wrote:
>> I feel like the poorest person on the block regularly.
> Hopefully, your property taxes are much/much lower.

They are. "Prop 13" means taxes only get reassessed on sale of the
property and this has not been sold in a long time.

>> [*] San Francisco law allows "accessory dwelling units" as a way to ease
>>     the home shortages. They can't legally be sold separately but they
>>     can be rented. The number of ADUs 
> Not allowed in other states...a reasonable idea.

It's been part of a strong effort to increase housing supply. Pity the
surrounding counties mostly just drag their feet and fight new housing.

>> "People are holding on to their money," said Enzo Morabito, head of
>>   the Hamptons-based Enzo Morabito Team at Douglas Elliman. "They don't
>>   like uncertainty."
> I did not fully read the article, but I suspect "Europeans don't like
> uncertainty"

Probably not Europeans. My grandparents had a summer home in the
Hamptons, so I have visited many times. They bought it in the 1940s or
50s, before the area got fancy.  Most of the renters I expect (based on
what it used to be like) will be rich people escaping from Manhattan for
the summer. Much better beaches at the end of Long Island than in NYC. 

The banker who needs to pop into work, LIRR runs a train from the
Hamptons to Penn Station in Manhattan, there's also a bus called the
"Jitney", and the really rich can helicopter it.

Elijah
------
has taken that LIRR train