How do Realtors feel about the State of the Union by President Obama? What reaction to the market?

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January 26 2011 - Victorville
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I don't understand why last post was made seems very mean and personal
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January 27 2011
sadly, Val didn't bother to read or think before writing his last post on here.

1. the tax is on the GAIN not the price. so no, nitwit, you won't pay a $3800 tax on the sale of a $100,000 home, unless you bought the home for $0. If you bought it for say $90,000 the nominal tax would be on the gain, ie $10,000 and thus be $380. Oh no death to us all!

2. the $250,000 exclusion, in place today, would still be in place for most tax filers. so NO, you wouldn't actually pay ANY tax whatsoever, unless you had an extremely high income that pushed you into alternative minimum tax filing status.

VAL, propaganda from right wing idiots doesn't help our national debate on tax policy. READ a real news source next time.
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January 27 2011
Did you know What is happening  in  2012 to SALES Tax on Homes???

   DO you know that if you sell your house after 2012 you will pay a 3.8% sales tax on it?

That Means $3,800 on a $100,000 sale for example.

When did this real estate legislation happen?  When did congress debate over it?  Oh "let's pass it and read it afterwards to see what it says" Was what we as tax payers heard.
Yes This is part of the  health care bill.  DID YOU KNOW?  I didn't but know I do.

SALES TAX TO GO INTO EFFECT 2013 (Part of HC Bill)  Why 2013? Could it be to come to light AFTER the 2012 elections?

REAL ESTATE SALES TAX
So, this is "change" you can believe in?

Under the new health care bill - did you know that all real estate transactions will be subject to a 3.8% Sales Tax?

The bulk of these new taxes don't kick in until 2013

If you sell your $400,000 home, there will be a $15,200 tax.

This bill is set to screw the retiring generation who often downsize their homes.

Does this stuff make your November and 2012 vote more important?

Oh, you weren't aware this was in the obamacare bill?
Guess what, you aren't alone. There are more than a few members of Congress that aren't aware of it either .....

So What are your thoughts
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January 27 2011
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When he can not even say he wants to spend more money and instead has to say he wants to invest everything else is useless and not worth listening to.
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January 26 2011
I personally feel like saying thank you for the inspirational mesage, can I please have some money to pay my rent? LOL!

Is going to be a tough long road to recovery, but multi-skilled professionals will be able to assist in the task and help us get to a better day!

Ron Escobar, MBA
Broker & General Contractor
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January 26 2011
 
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