tmp192489

The current tech boom is nothing like the dot-com bubble...

haha i mean if we're talking about a situation where someone has bad credit, or a criminal history or whatever how many people with that background will have the funds to pay upfront (or want to)?

Having subleased to a legitimate person before, it's already annoying/stressful enough to be a sublandlord since you are taking on a lot of credit risk as is. If I'm in a position where I'm going to shadily rent out my below market apartment I'm not going to rent it out to someone that a normal landlord otherwise wouldn't pick.

ok - i mean it doesn't have to be one or the other. If I were subleasing a place I wouldn't want a tenant who had terrible credit either though. But could be both. I'm just hypothesizing like everyone else.

I'm not "so sure", though I think gaming the system with a long term sublet would be pretty unlikely because how likely are you to find a legit tenant who would go through you as the landlord instead of the actual landlord for a luxury rental. It's more complicated than actually living in the unit and then staying with a partner or friend if you can rent it out a few days/week when you can command a good rate.

Well, the person I replied to for some reason specifically called out medium/long-term guests, like partners or friends not officially on the lease.

Actually, I would guess catching people that try to Airbnb their rent-stabilized apt (short-term guests).

Honestly, I agree it is would be kind of messed up for someone to have the fortune of winning a below-market luxury apartment and turn that around and illegally rent it out for a massive markup on Airbnb.

Ok, 4% is still very low.

Even with a few hoops that I assume are manageable if others are doing it, it seems way too good to be true. I would seriously consider moving if I lined up a bunch of capital gains to liquidate in a single year.

What kind of hoops? If you're going to do a single transaction for $500k+ that is a huge difference...

What do you mean "when the capital gains" happens? Say I was an early employee of a company and received stock options. I exercised my options while living within the US and have private stock. The company IPOs, I move to Puerto Rico, and sell my shares while a resident there.

The "tax event" happens when I sell my shares, no?

New York has much stricter laws around getting homeless into shelters than California does.

This is kind of related, but someone told me yesterday that if you move to Puerto Rico you pay 0 federal personal income tax (note: if you live anywhere else in the world as a US citizen you still pay taxes on your income), and although they have their own taxation system it's basically 0 for newcomers because they want to attract investment.

If I want to sell a large chunk of capital gains in a single year, is there anything stopping me from moving to PR for 6months+1 day to a year and paying nothing on it?

Any reason why some people seem to attract mosquitos more than others? Is it really just sweatiness or something else in a person's blood or scent?

I've done ketamine recreationally and haven't been that impressed. Not sure if it's the dosage or my personal reaction to the drug, but it's like a very temporary (30 min max) feeling that is similar to being drunk.

There are better highs IMO.