Mom Cave from Beth Stern = Big Tax Bill

Discussion in 'The Howard Stern Show' started by Uncle Larry, May 21, 2013.

  1. Uncle Larry

    Uncle Larry Well-Known Member VIP

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    The mom who got wallpaper in her Mom Cave after telling Beth she hates it wrote a blog post about the show experience. She said in the comments that the entire value of the room was taxed (hopefully not the portion they had to pay for) - nice touch, especially since the mom cave probably adds nothing to the sales price they could get for the place.

    http://centraljerseyworkingmoms.com/2013/05/08/episode-where-are-they-now/

    "These days, I often am asked if I still like the room. And I have to say – I still hate wallpaper, but not my wallpaper. In fact, aside from adding more family photos and moving a chair to the other side of the space, the room has relatively stayed exactly the same. It has become my room and is affectionately called the “mom cave” by the kids, my hubby and everyone who visits. So one year later, my room remains the same and quite honestly, I believe it will remain this way for some years to come. I look back fondly on that week and despite suffering a wicked tax slap this past tax season, it was worth every minute."

    [​IMG]
     
  2. Mlaw

    Mlaw Quite Contrarian Gold

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    guess what? when you get things for free, you have to pay taxes it.
     
  3. ilovebacon

    ilovebacon Well-Known Member VIP

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    I thought the families had to pay for their remodels? Wasn't that in the rules for entering? :dontknow:

    ETA: found this:

     
    Last edited: May 21, 2013
  4. Ruffypup

    Ruffypup Well-Known Member

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    If Beth only had the resources she could be down in Oklahoma rescuing lost pets .
     
  5. Uncle Larry

    Uncle Larry Well-Known Member VIP

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    The families had to pony up part of the cost. Some shows like that extreme makeover used a tax loophole to lease the house for a short period of time so that the improvements could be made tax free - value of the work is treated as rent, which isn't taxable if the home is rented for less than 15 days.
     
  6. Lou Cypher

    Lou Cypher New Member VIP

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    Yep. One critic also pointed out that these expensive renovations did nothing to increase the resale value of these homes. Remember the "Mom Cave" closet with the revolving display case for a wedding dress? :hhh:
     
  7. Mlaw

    Mlaw Quite Contrarian Gold

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    but the people are still stuck with big property tax bills because of the increase in home values
     
  8. Mlaw

    Mlaw Quite Contrarian Gold

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    I really love how the fact that the woman loves the room, hasn't changes a thing and you can still find a way to bash Beth :jj:
     
  9. Vashier

    Vashier VIP Extreme Gold

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    There is a clause written into all these reality shows that charge a penalty if the people bad mouth the show after the fact. Kitchen Nightmares just spilled the beans on that when they threatened amy's baking co. with a $100,000 penalty IF they bad mouth the show, producers, host or crew.
     
  10. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    lawn, kitchen, fireplace, roof are generally the only areas that improve the resale value of a house, but any additions made to the house and property can increase the assessed taxes because generally the assessed valuation is on the improvements made to the bare property.
     
  11. Lou Cypher

    Lou Cypher New Member VIP

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    In other words, your taxes go up, but it's really worth shit. :D
     
  12. SouthernListen

    SouthernListen I don't follow the crowd. Sorry about that. VIP

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    There hasn't ever been a tax assessor in my home. How would they know?
     
  13. The Snork

    The Snork Well-Known Member VIP Gold

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    Thanks Obama!
     
  14. MutteringJohn

    MutteringJohn Well-Known Member

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    What a bunch of Horseshit. Mom Caves should pay for everything. The remodel, the taxes. The Mom Caves show is making money off of showing Beth and the remodel.
     
  15. ilovebacon

    ilovebacon Well-Known Member VIP

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    ugh... that was such a waste of valuable storage space. :facepalm:
     
  16. Dump Button

    Dump Button Former Mall Security Guard

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    this. especially if you live in a high property taxing jurisdiction
     
  17. stripes

    stripes Active Member Banned User

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    supposedly permits by licensensed tradesmen
     
  18. sloth22

    sloth22 Active Member

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    This is the false story. Mom Caves did not make any money.
     
  19. Jim Lahey

    Jim Lahey Well-Known Member

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    Technically it's called functional obsolescence. But it is also called 'if such and such a feature were truly so valuable and desirable, the free market would install a such and such in homes on every block of your street. Since you're the only house in the fucking county with such and such, it can safely be said that the market does not treat your stupid improvement as a net positive. But here's some extra taxes anyway, dumbass'.
     
  20. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    In past years homeowners who furnished their basements into entertainment or "rumpus" rooms were often unpleasantly surprised to find that it did not improve the sale price and sometimes lessened the value. People value about kitchen improvements and pretty lawns.