nick quigley

[nick quigley @n_quig]

@NoLimitGains Because no one wants to live in the places you posted. Palm beach - Miami is still insane..

[nick quigley @n_quig]

@SubwayTakes Kareem needs to go to the dentist

[nick quigley @n_quig]

@TheWis65 @CincyDan11 Is it worth it? I just got my model Y and was thinking about uber/lyft on the side but worried about putting the miles on it.

[nick quigley @n_quig]

@gunsnrosesgirl3 Lie about how much I make to everyone I know so they feel bad and pay for everything.

[atlas @creatine_cycle]

dudes be 27 saying "what's the move tonight" bro go accumulate capital

[nick quigley @n_quig]

@elonmusk #based

[🍊Vrody🍊 @brodygoinbrazy]

5 beers is the perfect amount before a drive home

[🍊Vrody🍊 @brodygoinbrazy]

Having a shared home office space adds an interesting dynamic to a relationship. My gf is in a work meeting and I’m 4 feet away from her watching the rizzler go sneaker shopping with Complex

[nick quigley @n_quig]

@FearedBuck They’re both Jewish

[nick quigley @n_quig]

@StatsSpotify @kendricklamar Any updates on the numbers today?

[nick quigley @n_quig]

@KameronBennett I’m beating her and that baby after

[🍊Vrody🍊 @brodygoinbrazy]

Just asked my boss for a raise and he gave me this

[nick quigley @n_quig]

@NUCLRGOLF @JoshACarpenter Scheffler didn’t even care he won there’s no grit no passion

[🍊Vrody🍊 @brodygoinbrazy]

Can’t believe this is how I found out about jimmy johns getting rid of kickin’ ranch

[🍊Vrody🍊 @brodygoinbrazy]

I fasho thought this was adam22 wtf

[VBS @VBSofficial_]

Tua is accidentally the funniest QB in the league😹😹😹

[nick quigley @n_quig]

@elonmusk @WallStreetSilv Buy google

[Shannonnn sharpes Burner (PARODY Account) @shannonsharpeee]

Soon as I get out of the submarine :

[Joe Pompliano @JoePompliano]

Los Angeles Country Club is one of the world's most exclusive golf clubs.

• $250,000 initiation fees
• No celebrities or social media posts

And they use a 45-year-old tax loophole to save $80 million annually.

Here's how it works:

LACC sits on 320 acres in the heart of LA.

It's one of the country's nicest (and strictest) country clubs.

They don't allow celebrities to join, and every new member is handed a 1,000+ page rulebook.

LACC Rules
• No shorts (tailored pants only)
• Sport coats in the clubhouse after 6 pm
• No changing shoes in the parking lot
• No headphones, earbuds, or athletic clothes
• No photos or videos of the club on social media

Members can also only make phone calls from their parked car or a phone booth in the locker room.

And the club is so exclusive that many of the world's best players are seeing it for the first time this week.

Rory McIlroy, for instance, hasn't paid for a round of golf in 20 years. But he had never played LACC before this week's US Open, so he says he prepared by watching videos of the course on YouTube.

Still, the craziest part about LACC isn't its $250,000 initiation fee or its 1,000+ page rulebook.

The craziest part about LACC is its real estate.

The 320-acre piece of land sits smack dab in the middle of Beverly Hills — between the famous roads of Sunset Blvd, Wilshire Blvd, and Santa Monica Blvd.

The land alone is reportedly worth $8 billion, making it the second most valuable piece of real estate (not developed for housing) behind Central Park in NYC.

But here's the craziest part...

An $8 billion assessed land value would typically mean hundreds of millions in property taxes alone.

But LACC only pays $220,000 in annual taxes.

This is because of two rules:

1. LACC is owned by its members and registered as a non-profit. So they benefited when California voters passed a ballot in 1960 that lowered the value at which officials were allowed to assess non-profit golf courses.

This non-profit rule also applies to other LA-based golf clubs, like Bel Air Country Club, Brentwood Country Club, and Wilshire Country Club.

2. Then, in 1978, voters passed Proposition 13. This new law rolled back the assessed land value to its 1975 level and more or less froze that value in time.

So even if the market value of the land tripled in value, the property's assessed value can only grow by 2% a year or the rate of inflation, whichever is lower.

And Proposition 13 also capped property taxes at 1% of assessed value (vs. the previous average of 2.67%).

So, in simple terms, Los Angeles Country Club would be paying about $80 million (1%) in annual property taxes because its land is worth $8 billion-plus.

But because of these two laws enacted more than 45 years ago, LACC’s land is currently assessed at just $22 million, and they only pay $220,000 in property taxes.

LACC Tax Breakdown (estimates)
• True value of the land: $8 billion
• Assessed value of the land: $22 million
• Annual property tax savings: $80 million

Now, Proposition 13 wasn’t put in place specifically for golf courses — its true purpose was to protect homeowners who are older, retired, and living on fixed income from payment shock when their property values dramatically increase over a short period of time.

But given the financial savings it has provided exclusive golf clubs over the years, it’s no wonder why Los Angeles Country Club wants to keep things exactly as they are.

Ps. If you enjoyed this breakdown, subscribe to my podcast (top 25 in US sports) so you don't miss any episodes going forward!

Apple: https://t.co/oxtjqN8JOE
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[rone’s gamblin corner @rone]

Got married a year ago today. I know marriage isn’t for everyone but it’s definitely for me. I feel more myself and more grateful for everything life has to offer.