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- Ed Bisquera, "edbisquera"
- Contributions:31
I just read that the House passed overwhelmingly an extension for military personnel. It would be for those that have served overseas for at least 3 months.
Here's a couple links that discusses it:
I think it's important we support Congress to pass an extension for ALL homebuyers. It may not help entirely, what with Bernanke saying that US won't be buying Mortgage Backed Securities after January, but we need something right? :-)
Hope our elected officials do something to extend the tax credit.
Ed
[content removed by moderator]
Here's a couple links that discusses it:
URL For US & NEWS WORLD REPORT
http://www.usnews.com/mon ... bers.html
URL For Realtor.org
http://www.realtor.org/fe ... 0_12_2009
I think it's important we support Congress to pass an extension for ALL homebuyers. It may not help entirely, what with Bernanke saying that US won't be buying Mortgage Backed Securities after January, but we need something right? :-)
Hope our elected officials do something to extend the tax credit.
Ed
[content removed by moderator]
- NTETS, "Mr Caveat"
- Contributions:6436
buy now or be priced out forever, they arent making any more land. TAX BREAKS!!!
oh what? i thought we were listing off reasons why people should make decisions for themselves and NEVER trust a real estate agent that they do not know personally.
people who spout this kind of stuff are more interested in lining their pockets than seeing you get what you need.
also, welcome to zillow patty fisch
ed, kill your facebook and twitter links, its against the good neighbor policy
oh what? i thought we were listing off reasons why people should make decisions for themselves and NEVER trust a real estate agent that they do not know personally.
people who spout this kind of stuff are more interested in lining their pockets than seeing you get what you need.
also, welcome to zillow patty fisch
ed, kill your facebook and twitter links, its against the good neighbor policy
- Ed Bisquera, "edbisquera"
- Contributions:31
NTETS,
I'm not sure who you're speaking of. If you're speaking of me, as the kind of "people who spout this kind of stuff...more interested in lining their pockets," that you've got the wrong person kid! I'm a lender not an agent. :-)
And there isn't anything in the "Good Neighbor Policy" about Twitter or Facebook links. I'll abide if there are "rules," against social media links but I haven't seen anything.
If there is some actual policy, please quote appropriately, send me the EXACT URL that it's mentioned on Zillow and I'll abide immediately.
Thanks for pointing all this out. Now let's get back to the subject of the original post by Patty and that's discussing extending the tax credit - good or bad. (Which by the way is part of the Good Neighbor Policy - "Be on topic.")
Take care. :-)
Ed
I'm not sure who you're speaking of. If you're speaking of me, as the kind of "people who spout this kind of stuff...more interested in lining their pockets," that you've got the wrong person kid! I'm a lender not an agent. :-)
And there isn't anything in the "Good Neighbor Policy" about Twitter or Facebook links. I'll abide if there are "rules," against social media links but I haven't seen anything.
If there is some actual policy, please quote appropriately, send me the EXACT URL that it's mentioned on Zillow and I'll abide immediately.
Thanks for pointing all this out. Now let's get back to the subject of the original post by Patty and that's discussing extending the tax credit - good or bad. (Which by the way is part of the Good Neighbor Policy - "Be on topic.")
Take care. :-)
Ed
- BMFPitt
- Contributions:1207
I think it's important we support Congress to pass an extension for ALL homebuyers.
I think it's important that we mercilessly run anyone out of office that votes for such a thing and assure that they never again hold a position of public trust.
It may not help entirely, what with Bernanke saying that US won't be buying Mortgage Backed Securities after January, but we need something right?
Absolutely right, we need house prices to return to a normal, market-supported level without any artificial means of keeping houses unaffordable.
I think it's important that we mercilessly run anyone out of office that votes for such a thing and assure that they never again hold a position of public trust.
It may not help entirely, what with Bernanke saying that US won't be buying Mortgage Backed Securities after January, but we need something right?
Absolutely right, we need house prices to return to a normal, market-supported level without any artificial means of keeping houses unaffordable.
- Robert Lowery, "Bob Lowery"
- Contributions:2097
I am all about tax credits. Lets take a look at some taxes we pay:
Accounts Receivable Tax
Building Permit Tax
Capital Gains Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Court Fines (indirect taxes)
Dog License Tax
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel permit tax
Gasoline Tax (42 cents per gallon)
Hunting License Tax
Inheritance Tax Interest expense (tax on the money)
Inventory tax IRS Interest Charges (tax on top of tax)
IRS Penalties (tax on top of tax)
Liquor Tax
Local Income Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Property Tax
Real Estate Tax
Septic Permit Tax
Service Charge Taxes
Social Security Tax
Road Usage Taxes (Truckers)
Sales Taxes
Recreational Vehicle Tax
Road Toll Booth Taxes
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone federal excise tax
Telephone federal universal service fee tax
Telephone federal, state and
local surcharge taxes
Telephone minimum usage surcharge tax
Telephone recurring and non-recurring charges tax
Telephone state and local tax
Telephone usage charge tax
Toll Bridge Taxes
Toll Tunnel Taxes
Traffic Fines (indirect taxation)
Trailer Registration Tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax
"Not one of these taxes existed 100 years ago and our nation was the most prosperous in the world, had absolutely no national debt, and had the largest middle class in the world."
- Michael Eisenberg, "BellinghamRealEstate"
- Contributions:259
That's quite the list Bob.
Now if they couls only figure out how to make it fair.
A Tax Credit to buy a home will help some.
Now if they couls only figure out how to make it fair.
A Tax Credit to buy a home will help some.
- Robert Lowery, "Bob Lowery"
- Contributions:2097
I agree Michael....how about a flat sales tax? And, maybe we cut a little spending...that would be a nice change.
- BMFPitt
- Contributions:1207
We had all of these a hundred years ago:
Court Fines, Liquor Tax, Property Tax, Sales Taxes, Road Toll Booth Taxes, School Tax, Toll Bridge Taxes
A decent chunk of your list if we only count taxes on things that even existed at the time.
In fact a liquor tax indirectly led to the scrapping of the Articles of Confederation and the writing of the Constitution. (So we'd have federal troops to send after the tax protesters.)
We have had a national debt since 1837.
None of this is to say that I support our government's taxation and budgeting schemes, but unlike you I'm not going to make up silly lists in order to try to justify redistribution of wealth from taxpayers to mortgage holders.
Court Fines, Liquor Tax, Property Tax, Sales Taxes, Road Toll Booth Taxes, School Tax, Toll Bridge Taxes
A decent chunk of your list if we only count taxes on things that even existed at the time.
In fact a liquor tax indirectly led to the scrapping of the Articles of Confederation and the writing of the Constitution. (So we'd have federal troops to send after the tax protesters.)
We have had a national debt since 1837.
None of this is to say that I support our government's taxation and budgeting schemes, but unlike you I'm not going to make up silly lists in order to try to justify redistribution of wealth from taxpayers to mortgage holders.
- Robert Lowery, "Bob Lowery"
- Contributions:2097
None of this is to say that I support our government's taxaxation...
Apparently, you do.
but unlike you I'm not going to make up silly lists in order to try to justify redistribution of wealth from taxpayers
Do I need an excuse or list? No. I just need my money and I need taxes collected equally amongst citizens and non-citizens.
Apparently, you do.
but unlike you I'm not going to make up silly lists in order to try to justify redistribution of wealth from taxpayers
Do I need an excuse or list? No. I just need my money and I need taxes collected equally amongst citizens and non-citizens.
- NTETS, "Mr Caveat"
- Contributions:6436
i was referring to this gem: That means you need to close on a home by that date - so you better be under contract on a home now!
!!!
anyway:
as per this request, keep your facebook in your profile page where it belongs.
i am completely fine with a sales tax... but it has to be one or the other and it has to be fair. i will not endorse a sales tax & income tax double tax, nor do i endorse a system where i politicians add loopholes to the tax codes specifically to ensure they don't pay it. there is no reason that the tax code should be more than 20 pages in length for individuals... or per business type. the entire tax code should fit in a single volume.
with a sales tax, i would much rather the business be charged a "value added tax" rather than my paying a sales tax. the only real difference is that i don't have to do a 110% calculation in my head to go shopping... some people cant handle it and as you know, in america, if 1% of America can't F'ing learn to do something, the other 99% get to deal with their bullsh!t
!!!
anyway:
as per this request, keep your facebook in your profile page where it belongs.
i am completely fine with a sales tax... but it has to be one or the other and it has to be fair. i will not endorse a sales tax & income tax double tax, nor do i endorse a system where i politicians add loopholes to the tax codes specifically to ensure they don't pay it. there is no reason that the tax code should be more than 20 pages in length for individuals... or per business type. the entire tax code should fit in a single volume.
with a sales tax, i would much rather the business be charged a "value added tax" rather than my paying a sales tax. the only real difference is that i don't have to do a 110% calculation in my head to go shopping... some people cant handle it and as you know, in america, if 1% of America can't F'ing learn to do something, the other 99% get to deal with their bullsh!t
- BMFPitt
- Contributions:1207
Apparently, you do.
What evidence do you have of this? I just prefer to do my antagonizing of the tax code without blatantly making stuff up and embarrassing myself.
Do I need an excuse or list? No. I just need my money and I need taxes collected equally amongst citizens and non-citizens.
So that that tax revenue can be taken and given away to home-debtors? No thanks.
National sales tax is just as prone to fraud as an income tax, but massively more vulnerable to falling revenues in bad times. Since I want a balanced budget amendment that would prohibit deficit spending unless Congress has declared a state of war (since that is supposed to be their job, it doesn't count if the President just feels like invading a country) then revenues matter.
To go along with that, I'd like to see a flatter (not completely flat) income tax with almost all deductions removed. Standard deduction & dependents + health care, education & business expenses and that's about it.
What evidence do you have of this? I just prefer to do my antagonizing of the tax code without blatantly making stuff up and embarrassing myself.
Do I need an excuse or list? No. I just need my money and I need taxes collected equally amongst citizens and non-citizens.
So that that tax revenue can be taken and given away to home-debtors? No thanks.
National sales tax is just as prone to fraud as an income tax, but massively more vulnerable to falling revenues in bad times. Since I want a balanced budget amendment that would prohibit deficit spending unless Congress has declared a state of war (since that is supposed to be their job, it doesn't count if the President just feels like invading a country) then revenues matter.
To go along with that, I'd like to see a flatter (not completely flat) income tax with almost all deductions removed. Standard deduction & dependents + health care, education & business expenses and that's about it.
- Robert Lowery, "Bob Lowery"
- Contributions:2097
What evidence do you have of this? I just prefer to do my antagonizing of the tax code without blatantly making stuff up and embarrassing myself.
I doubt this. I have received this in my email 100 times and also found it on the net many times. My point was that we pay a ton of taxes and I think that it is wise to find ways to give it back to citizens and cut spending. You think this is embarrassing myself? I think you are foolish for even stating this. There is no reason to try and make personal attacks when two people disagree...and apparently we really don't. So, I guess you just want to make personal attacks.
To go along with that, I'd like to see a flatter (not completely flat) income tax with almost all deductions removed. Standard deduction & dependents + health care, education & business expenses and that's about it.
This would be nice, but as I said, I would prefer a flat sales tax. It accomplishes the same thing.
I am 50/50 on the tax credit being extended...I am in the business and see the good and bad it can do. I would financially benefit with the tax credit, but I definately see both sides of the argument.
I doubt this. I have received this in my email 100 times and also found it on the net many times. My point was that we pay a ton of taxes and I think that it is wise to find ways to give it back to citizens and cut spending. You think this is embarrassing myself? I think you are foolish for even stating this. There is no reason to try and make personal attacks when two people disagree...and apparently we really don't. So, I guess you just want to make personal attacks.
To go along with that, I'd like to see a flatter (not completely flat) income tax with almost all deductions removed. Standard deduction & dependents + health care, education & business expenses and that's about it.
This would be nice, but as I said, I would prefer a flat sales tax. It accomplishes the same thing.
I am 50/50 on the tax credit being extended...I am in the business and see the good and bad it can do. I would financially benefit with the tax credit, but I definately see both sides of the argument.
- sunnyview
- Contributions:25127
Mr. Bisquera, I think NTETES is referring to this self promotion policy here. Usually, Zillow asks folks to keep the contact blocks and hotlinks out of posts in an effort to maximize information and reduce self promotion on the board. Doing that also keeps the focus on the answers given and makes sure that each post does not become a hotlink pissing contest between professionals. You can always direct people to your profile page with your Twitter and Facebook links so people can learn more about your and your business. Zillow also has a great video to help you make the most out of your profile here. Hope the links are useful.
- NTETS, "Mr Caveat"
- Contributions:6436
aye, i forwarded the link already, sunny
>>National sales tax is just as prone to fraud as an income tax, but massively more vulnerable to falling revenues in bad times.
oh trust me, i live in washington... we dont have a state income tax and there is no unbalanced budget being a state. i think tax revenue is off by almost 20%!
but in my bizarro world, the government keeps a cushion to cover budget shortfalls and stimulus programs saved up from the boom times when tax revenues rise inexplicably--try not to hit your head when you fall out of your seat laughing!
>>National sales tax is just as prone to fraud as an income tax, but massively more vulnerable to falling revenues in bad times.
oh trust me, i live in washington... we dont have a state income tax and there is no unbalanced budget being a state. i think tax revenue is off by almost 20%!
but in my bizarro world, the government keeps a cushion to cover budget shortfalls and stimulus programs saved up from the boom times when tax revenues rise inexplicably--try not to hit your head when you fall out of your seat laughing!
- sunnyview
- Contributions:25127
You are right NT. Sorry I didn't see that before. That's what I get for posting pre-coffee.
- klarek the realist
- Contributions:7044
Ed, this tax credit sham of a bribe is horrendous. How can any sane person with an IQ above room temperature support such a thing, let alone an extension? It's displacing future buyers, costing the taxpayers billions, and driving up already-overinflated home prices. Do you like it because your business is picking up? Do you think that it adds ANYTHING to our economy, other than more debt? Why should renters be picking up the tab for homeowners? Why should somebody buy a home for this $8000 that wouldn't have otherwise? Doesn't that tell you that people are buying homes now that really shouldn't be, just like during the housing bubble? Or do you even care what the fallout from this will be?
I swear, some people never learn, never think about the consequences, because we live in a society of "make it feel good, right now". So long as our populace remains this stupid, we're doomed.
I swear, some people never learn, never think about the consequences, because we live in a society of "make it feel good, right now". So long as our populace remains this stupid, we're doomed.
- sunnyview
- Contributions:25127
I do not like the idea of extending the buyers credit either. Further, I would like for FHA to raise their minimum required down payment from the super low 3.5%. You should not be able to buy a house like a piece of cheap rent-to-own furniture that you can just return when you change your mind. I think buyers should have some skin in the game and that the government should not facilitate marginal buyers with marginal credit and down payment buying now only to default down the road.
- klarek the realist
- Contributions:7044
Sunnyview, I agree 100%.
They need to raise FHA to 10%. Even better, just eliminate it. It would be easier for folks to have a 20% down payment if prices were lower, which they would certainly be with those kinds of restrictions on demand. No FHA, people buy houses they can afford, and with their significant investment they'll never walk away or be underwater. Sounds like a perfect idea for me. But most importantly, let the tax credit bribe die, and never come back. Ever.
They need to raise FHA to 10%. Even better, just eliminate it. It would be easier for folks to have a 20% down payment if prices were lower, which they would certainly be with those kinds of restrictions on demand. No FHA, people buy houses they can afford, and with their significant investment they'll never walk away or be underwater. Sounds like a perfect idea for me. But most importantly, let the tax credit bribe die, and never come back. Ever.
- BMFPitt
- Contributions:1207
I doubt this. I have received this in my email 100 times and also found it on the net many times.
Well then, obviously it must be true if you saw it in chain emails and on the internet! Now if you'll excuse me, I have some business to take care of with a Nigerian prince.
My point was that we pay a ton of taxes and I think that it is wise to find ways to give it back to citizens and cut spending.
You are advocating MORE SPENDING. Counterproductive spending at that.
You think this is embarrassing myself?
And that was before you tried to use "I saw it on the internet" as proof of your beliefs.
There is no reason to try and make personal attacks when two people disagree...and apparently we really don't.
We most certainly do.
So, I guess you just want to make personal attacks.
Attacking your logic is not a personal attack.
but in my bizarro world, the government keeps a cushion to cover budget shortfalls and stimulus programs saved up from the boom times when tax revenues rise inexplicably--try not to hit your head when you fall out of your seat laughing!
In my imaginary balanced-budget world, the budget is based on the last 5 years trailing revenue average, so even in crazy boom times it'd take a while before the government spending could get out of hand. And by then the economy would probably have cooled off enough to make them not be stupid (yes, fantasy world, I know.)
- Pasadenan
- Contributions:21453
There are many things governments can do that individuals cannot do for themselves, such as establishing/maintaining a monitary system, and having a "standard of weights and measures". Similarly, public roads are most effectively built by the public rather than having individual property owners each construct their segment to their own standards.
Those are the type of things which we should all be willing to pay our share of "taxes". All that other "garbage" added on only bogs down the system and ends up putting over 17% of revenue collected aside specifically to pay interest on the debt.
But as for "flat tax"? That doesn't solve the problem but only makes the wealthy take more of the resources, and the poor lose everything.
The "progressive tax" makes sense, but only if it is adusted so that the government NEVER takes more than 10% GDP. And the amount of the rate of progression (expodential factor) needs to be adusted based on standard deviation of mean of income. And for "joint filing"; people should be able to "income average" with all adults in the household with the understanding that they actually have to share their wealth and expenses.
Those are the type of things which we should all be willing to pay our share of "taxes". All that other "garbage" added on only bogs down the system and ends up putting over 17% of revenue collected aside specifically to pay interest on the debt.
But as for "flat tax"? That doesn't solve the problem but only makes the wealthy take more of the resources, and the poor lose everything.
The "progressive tax" makes sense, but only if it is adusted so that the government NEVER takes more than 10% GDP. And the amount of the rate of progression (expodential factor) needs to be adusted based on standard deviation of mean of income. And for "joint filing"; people should be able to "income average" with all adults in the household with the understanding that they actually have to share their wealth and expenses.
- NTETS, "Mr Caveat"
- Contributions:6436
^^^ well it also needs to be fair in the sense that if your tax rate is 20%, you pay 20%. none of this 14% adjusted tax rate for billionaires, etc. i maintain that you need no more than a single volume to house several dozen tax codes.
as for the rich hoarding, they do that in any tax scheme... half of obama's cabinet were forced to pay years of back taxes for the opportunity to push their agenda... and then you have the swiss thing last week... oh boy.
as for the rich hoarding, they do that in any tax scheme... half of obama's cabinet were forced to pay years of back taxes for the opportunity to push their agenda... and then you have the swiss thing last week... oh boy.
- Pasadenan
- Contributions:21453
Yes, there are reasons for tax deductions, income averaging, and tax incentives. But there are no reasons for "loop holes". The real trick is maintaining required deductions so that you are only taxing actual income..., but keeping the loop holes closed.
Yes, 20 pages should be sufficient. And why the IRS purposely tries to make forms confusing by saying "copy this number from here to there" is beyond me. The forms read like someone was trying to write a Basic computer program, and the instructions don't read much better. And now with the IRS sending out revised calculations... without showing ANY of their calculations, it is even more confusing.
Yes, 20 pages should be sufficient. And why the IRS purposely tries to make forms confusing by saying "copy this number from here to there" is beyond me. The forms read like someone was trying to write a Basic computer program, and the instructions don't read much better. And now with the IRS sending out revised calculations... without showing ANY of their calculations, it is even more confusing.
- niecyt
- Contributions:20
I think the tax break is just. You don't get it if you're rich, you don't get it if you've owned a home in the past 3 years. I just hope I close before the end of Movember. I've already been under contract with one "psycho" who refused to sell after I paid for the appraisal, inspection, HVAC inspection, pest report and roof inspection. I am now under contract with an REO property and paid for all of that again. It will really help me out since I have no more money to purchase furniture or appliances thanks to the other idiot. Some people really need a tax break to get by and since I'm 56 my only dependant is my cat!
- Pasadenan
- Contributions:21453
Only dependent is a cat?
Did you hear about the recent proposed legislation some Senator threw into the hopper for discussion? Something about pets being friends and companions for life, and thus people deserved a $3000 tax credit for having pets???
I really don't see this going anywhere, but that is the nature of the system. And if enough pet owners cry out for it, it might even pass. So you would get almost as much credit for a pet as a real child dependent?
Did you hear about the recent proposed legislation some Senator threw into the hopper for discussion? Something about pets being friends and companions for life, and thus people deserved a $3000 tax credit for having pets???
I really don't see this going anywhere, but that is the nature of the system. And if enough pet owners cry out for it, it might even pass. So you would get almost as much credit for a pet as a real child dependent?
- Pasadenan
- Contributions:21453
As for the swiss thing last week, why has NTETS not responded to any of the responses posted on the thread he started in "buying" on the topic that the moderators moved to "mixed bag"?
- Robert Lowery, "Bob Lowery"
- Contributions:2097
We have had a national debt since 1837.
According to the link, we have had debt since the inception of the United States and briefly hit zero in 1835. But, I guess I can't trust Wilkepedia either.
National Debt
Well then, obviously it must be true if you saw it in chain emails and on the internet!
I did not state this. I was addressing your comment that I made up this silly list up.
"I saw it on the internet" as proof of your beliefs.
Again, I did not state this for this reason. See above.
You are advocating MORE SPENDING. Counterproductive spending at that.
I am not an advocate of more spending. I am an advocate of less government, less spending, and less taxation. However, this tax credit has helped the economy. I understand your argument of it being more spending. However, they had to stop the economy from free falling and it has leveled off from a free fall. Saying it is counterproductive is your opion... and a wrong one, too. Do you think housing had a little rebound this year because of luck? No, it had everything to do with the Feds buying mortgage backed securities and the tax credit.
According to the link, we have had debt since the inception of the United States and briefly hit zero in 1835. But, I guess I can't trust Wilkepedia either.
National Debt
Well then, obviously it must be true if you saw it in chain emails and on the internet!
I did not state this. I was addressing your comment that I made up this silly list up.
"I saw it on the internet" as proof of your beliefs.
Again, I did not state this for this reason. See above.
You are advocating MORE SPENDING. Counterproductive spending at that.
I am not an advocate of more spending. I am an advocate of less government, less spending, and less taxation. However, this tax credit has helped the economy. I understand your argument of it being more spending. However, they had to stop the economy from free falling and it has leveled off from a free fall. Saying it is counterproductive is your opion... and a wrong one, too. Do you think housing had a little rebound this year because of luck? No, it had everything to do with the Feds buying mortgage backed securities and the tax credit.
- NTETS, "Mr Caveat"
- Contributions:6436
ntets forgot about it ^_)^
- Ed Bisquera, "edbisquera"
- Contributions:31
Sunnyview - thanks for the info. I wasn't aware of the links before, that's why I asked.
NO, my business isn't reliant on the tax credit being extended. If it does, great. If it doesn't great. Yes, in the grand scheme, extending the tax credit creates more debt and artificially stimulates the home buying market. My attempt at stirring up the pot, certainly succeeded. :-)
As far as people buying homes just for the $8000 tax credit, I'm not seeing that around here. They now have to QUALIFY to buy a home, so even if they want the tax credit, if they don't qualify under the reinforced underwriting guidelines, your right Klarek, it doesn't make sense to offer this to extend the debt. But something has to be done, just not sure what, I admit...
I'll just agree with everyone here that we can have our various opinions and that there is clearly passion in everyone's posts.
The debate as to whether extending the tax credit for buying a home will likely continue as a heated discussion, one which I hope gets ironed out soon.
It is apparent that most feel the tax credit extension is probably not a wise course of action. If the popular consensus is such, than we should let the expiration just happen. There's so many more issues at stake, for sure.
I invite anyone to connect via the various social networking sites (you can find the info on my Zillow profile) and I am serious about just dialoging, NO SELLING OR SELF-PROMOTION here.
Thanks for the clarification on links. While Zillow allows for a link to be inserted (it's on their toolbar after all) I see nothing wrong with having a Twitter link, since I'm not promoting anything with my Twitter account being listed. Also, being on the Pro to Pro section, I thought we'd be neighbors and connect and communicate, but apparently people on here would rather bash than connect. In any case, it's a good thing we can have a forum to "hash" it out and express our viewpoints and opinions.
Best to you all, :-)
Ed
NO, my business isn't reliant on the tax credit being extended. If it does, great. If it doesn't great. Yes, in the grand scheme, extending the tax credit creates more debt and artificially stimulates the home buying market. My attempt at stirring up the pot, certainly succeeded. :-)
As far as people buying homes just for the $8000 tax credit, I'm not seeing that around here. They now have to QUALIFY to buy a home, so even if they want the tax credit, if they don't qualify under the reinforced underwriting guidelines, your right Klarek, it doesn't make sense to offer this to extend the debt. But something has to be done, just not sure what, I admit...
I'll just agree with everyone here that we can have our various opinions and that there is clearly passion in everyone's posts.
The debate as to whether extending the tax credit for buying a home will likely continue as a heated discussion, one which I hope gets ironed out soon.
It is apparent that most feel the tax credit extension is probably not a wise course of action. If the popular consensus is such, than we should let the expiration just happen. There's so many more issues at stake, for sure.
I invite anyone to connect via the various social networking sites (you can find the info on my Zillow profile) and I am serious about just dialoging, NO SELLING OR SELF-PROMOTION here.
Thanks for the clarification on links. While Zillow allows for a link to be inserted (it's on their toolbar after all) I see nothing wrong with having a Twitter link, since I'm not promoting anything with my Twitter account being listed. Also, being on the Pro to Pro section, I thought we'd be neighbors and connect and communicate, but apparently people on here would rather bash than connect. In any case, it's a good thing we can have a forum to "hash" it out and express our viewpoints and opinions.
Best to you all, :-)
Ed
- Pasadenan
- Contributions:21453
No, you missed the point entirely!
Every Avatar and every user name has a link to the person's PROFILE page, and THAT is where ANY personal links and references belong! There is absolutely no reason to post them in the discussion post, since if people "want to connect" or "otherwise" have more information about a poster or the poster's opinions, they can get it there.
And of course the profile page also provides a history of answers, and photos, and questions, and thread starts... so if you really want to know what a person thinks, you can read everything that person posted on zillow under that user name that was not deleted by the moderators.
The "link" option was for 3rd party relivant info for a discussion, or chart images that need higher resolution and has nothing to do with "connections". For your "connections", let people find it on your profile page by posting it there.
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And of course the profile page also provides a history of answers, and photos, and questions, and thread starts... so if you really want to know what a person thinks, you can read everything that person posted on zillow under that user name that was not deleted by the moderators.
The "link" option was for 3rd party relivant info for a discussion, or chart images that need higher resolution and has nothing to do with "connections". For your "connections", let people find it on your profile page by posting it there.
- Pasadenan
- Contributions:21453
As far as the debt goes; yes there was a debt in the early U.S. history, but the Deficit spending is entirely Abraham Lincoln's fault, since he started it for the Civil war in the 1860's and it has not stopped since. His "excuse" was that it was always less expensive to pay for something with future deflated dollars with a larger population for a tax base, and the politicians have been using the same excuse ever since even though it often no longer applies.
Extending the tax credit for buying a home...
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- 0.0/5.0
- (no reviews)
Contributions:34Lawmakers in Washington are making some proposals for the future ... here's a glimpse of what is going on the floor perhaps this week... in a nutshell - it extends the timeframe through June of next year and would open it up to more folks, including those who have owned a home within the last 3 years!
Thoughts?
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