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The "property owned by LLC" issue isn't a _huge_ problem until it's abused. LLC fixes a lot of problems with inheritance and probate, etc. Look at the propert
by seiji 12y ago
The "property owned by LLC" issue isn't a _huge_ problem until it's abused. LLC fixes a lot of problems with inheritance and probate, etc.
Look at the property records for Woodside (a city zoned _only_ for residential mansions). Everything is an LLC, but most of them are under the names of the owner (e.g. "Betty Big House LLC") with traceable property tax records.
The strange thing about Woodside LLCs are seemingly nobodies own them. Why does the "philanthropy administrator" at Stanford own a $20 million estate in Woodside? Blarg. It's really nice house too: http://www.trulia.com/homes/California/Woodside/sold/7397232-6-Quail-Meadow-Dr-Woodside-CA-94062 http://www.trulia.com/homes/California/Woodside/sold/7397232...
- deleted 12y ago[deleted]
- safewayclubcard 12y agoI rent a guest house in Woodside. I really love it. It is the only place that feels "rural" but still able to commute to the valley below. Its nice to be able to rent a sizable house that was 2x the size of my Palo Alto apartment for the same price. I don't see any negative effects of the LLC property ownership. Woodside is a very tight nit community and I never really felt any wealth gap effects, even though there are a lot of people who are just ranchers. Its not like the people who live in these mansions steam roll over everybody and get what they want they work together to make sure Woodside remains the way it is (small town feel, rural, ranches, horses, etc.) Its rather unfair to go "blarg" just because someone has a nice house.