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Jester

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Posts posted by Jester

  1. 2 hours ago, horn4life said:

    So what is you thoughts on the appraised value of $78M after a $108M sale?  I was wondering why you didn't address the most obvious and current valuation, instead focusing only on the faulty on?  I think the answer is pretty obvious, because it is so easy to see the property being grossly undervalued.  Or are you so silly to asert tht the leaseback provision has a value of roughly $30 million dollars?

    I will happily admit the $29 million is inaccurate and incomplete. But why the $30 million difference in a sale price and appraised value?  You also assert the benefits of rich commercial property owners to appeal their values.  Which is their right, and the fact that Texas specifically allows the shielding of values is specific to keeping the taxable values BELOW the actual values. Nothing more nothing less.

    But really Bluto,  Explain the $30 million difference in appraised value vs actual value?     This should be fun... 😉

    tldr:  it's not that easy.

    I'll take a stab and Bluto can correct or jump in where he wants to.  Without knowing the specifics of the purchase, it's hard to 'explain' the discrepancy between the appraised value and purchase price.  With commercial properties, there are all sorts of intangibles that are not taxable that are typically included in a purchase.  It's why Walgreens pays at least 2x for a property on a corner at a busy intersection.  The property isn't worth that much, but it's a Walgreens business decision.  Then you have competitors trying to buy up land parcels to keep competitors out and overpaying for the same (see Lowe's and Home Depot acquisitions or even CVS and Walgreens).  Those overages are not taxable because the properties are simply not worth that much on the open market.  Then you can get into other avenues like 1031 exchanges where companies or individuals simply need to park their money to avoid a tax consequence who simply do not care about overpaying.  The list goes on and on.  In other words, it's not that simple and we'd need to know specific facts about the purchase to try and understand why TCAD landed on that valuation.

    All of that being said, you're focused on the market value and not the equity value.  If all other comparable properties indicate a value of $78mm, then it will be on the tax roll for $78mm.  To get to 108mm, the District would need to raise the entire asset class by 38% to reflect a $108mm value.   But does 1 sale make a market?

  2. 3 hours ago, CTC2 said:

    I think the point is that this type of crap is not what Austin needs help with. I’d much rather them be at least busting up all the graffiti than hassling people for traffic violations.  

    I think their point/goal is utilizing state troopers (and maybe even complicit APD officers) to issue citations that our DA won’t prosecute. They’ll use these stops for arguments/evidence at the legislature to “reign in rogue DA’s” with bullshit bills….which they’re trying to push through.

    This isn’t about the tail light. Or the weed.  It’s about the politics in my opinion. 
     

    And you’re right. We don’t need nor want help with those particular issues. 

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    • Like 1
  3. 10 minutes ago, Patricio Swayze said:


    Wait. Are you trying to claim that jumping through hoops to get 600mg is legitimate legal medical cannabis? Is this real fucking life? Give me a fucking break.

    Furthermore, I am going to harp again on the bullshit of “legal” weed. Even if my doctor could magically get me medical weed, my employer could terminate me if I pop a drug test even if I have a script. How is that ok???


    Yes. It’s legitimate. It’s a fucking 30 minute zoom call if you qualify.  If you want to call that “hoops”, so be it. Link for one spot is here along with the app/process.  If you qualify, you qualify.  Ain’t that complicated.

    https://tx.goodblend.com/

    It’s legal if you’re in the CURT system. You got an employer problem, then you got an employer problem.  Can’t help ya there and it changes none of the above.

    dps link to CURT system:

    https://www.dps.texas.gov/section/compassionate-use-program/faq/compassionate-use-registry-texas-curt

     

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  4. 1 hour ago, Longhorn_Fan68 said:

    I get there are workarounds and loopholes and local rules and shit, but it's not statewide policy. it's still illegal officially

    It is a statewide policy though. There is a statewide database called CURT. It’s a thing.

    If you’re prescribed any sort of pain meds or muscle relaxers, congrats… you qualify. 

  5. 3 minutes ago, Longhorn_Fan68 said:

    if like me, you were wondering what the map looks like now:
    Map_MarijuanaBallot_v02_LY_1668016562943

    Not entirely true. For instance, I’m medically approved in Texas for up to 600mg’s per month in the form of gummies and lozenges.  They sell them in formats up to 20mg’s per gummy. 

  6. 1 minute ago, Texas Wahoo said:

    I very well may be mistaken.  I am just going by what I read about the lawsuit and the fact that the interns my company has had from there have suggested that they really play down the previous association with Wesleyan.

    Ya. I went there. I know the d bag that filed the suit and had friends on the BOD when it went down.  Ags did try to distance themselves, and eventually did, but they also wanted to claim all of the past accomplishments while they transitioned. That’s what it was about. 

    Just looked at the website. I can remember at least 9 professors that are still there that I had. You’d be surprised how much a large endowment can bump up a school’s ranking without any other changes.

    Anywho. Fuck the Aggies and anything associated with them.

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  7. 7 minutes ago, Texas Wahoo said:

    It helps that they did not really take over Texas Wesleyan, they just bought the physical assets and the accreditation and dropped everything else about the school including its history and former students.  The former students even sued and A&M because they will not let them say they are A&M law graduates.  Starting from scratch in terms of reputation as the only public law school in DFW made the rise much easier.

    The reason the got sued was because they were, and still are to my knowledge, using accomplishments from Wesleyan students. Moot court national competition finishes and the like.  Lawsuit was still stupid.

    And they did take over Wesleyan. Kept almost the entire faculty in place. Many are still there.  Not sure where you got that idea. 

  8. On 7/6/2022 at 8:56 AM, closetojumping said:

    This fucking idiot created that dipshitted name and didn’t even check to make sure he could secure the URL. Wow. 

    Outside of certain tragic hilarity with all of this, I believe the one other benefit this absurdity will provide is that there is one fanbase dumb enough to wind up backing him in some form. With that group’s support, he’s going to get in the middle of a recruitment or two and royally fuck them up for ATM. 

    Which is precisely why we should back him. Fire up Ol Sarge and give that man a soap box already. 

  9. On 5/9/2022 at 3:58 PM, JFKFC said:

    Other than oversized sunglasses, unnecessary belts and too much eye makeup, what are your type 5 women's fashion faux pas?

    High waste jeans.  Mom jeans in fashion.  I hate this time loop.

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