Posted on 08/03/2015 9:17:46 PM PDT by 2ndDivisionVet
Commies: Time for Federal rent control.
Yep that one too.
Anyone who has never owned a business cannot comprehend these things.
I always try to explain to people who rent that is they who pay for the property taxes on their place .. but they refuse to believe it.”
Yes, many renters vote for things they think others will pay for. Lo and behold, the rents go up and incomes do not go up.
“You build equity when you own. Not so when you rent. It’s like leasing a car ...you are pissing your money down the drain.”
The lease/buy decision for a car is a complicated one, and the right decision depends on many factors such as (1) will you use the car for business purposes?; (2) How long do you plan to keep the car? (3) How many miles do you plan to drive each year?
I buy (used) cars, because they are for personal (not business) use, I drive 15-20K miles per year, and I hold onto them until they are almost fully depreciated. However, someone who can deduct the lease expense, drives 10-12K per year, and wants a shiny new car every three years (e.g., a real estate agent) is probably better off leasing.
I get the feeling those of us who own our homes won’t be let off the hook neither.
“I think if you’ll check your records that $300 had to be paid back the next year.”
I checked, it didn’t.
YOU know nothing of my records and also nothing of that tax situation (per your pejorative post)
You truly are a VERY SAD AMERICAN
First of all, see my tagline.
Second, the $300 was already taken from you the next year through the tax tables. That is a fact!
Again, you don’t know my tax status, THAT YEAR, the PREvious year or following years...
(do you?)
“TAG LINE” really?
Just for giggles (and an audience, should one be bored enough to converge on this...)
You’re insinuating that I “INSULTED YOU” ? (or didn’t because you replied ?)
A tax cut had been approved for the next year. The $300 was given in advance because Bush was going to “stimulate” the economy. Had you not gotten the $300 in 2007 you would have gotten it in 2008 anyway. But the 2008 tax cut was decreased by $300 the next year. That’s the way it was for millions and millions of people. Your situation must have been different.
Another thing Bush did. If you bought a house you got a tax break of, I think it was $7,000, that had to be paid back over the next few years. Obama came in and people who bought houses got an $8,000 rebate that they did not have to pay back and it was retro-active back to January 1, 2009. The difference in closing on a house on December 31, 2008 and Jan 2nd, 2009 was a $7,000 load as opposed to an $8,000 rebate.
I assume Obama did it just to piss more people off at Bush even though he was already gone. Maybe that was the first “Bush’s fault” excuse.
team back time out...
You seem to have a grasp of prior tax code/rebate.
How about running up some numbers that can be used in the upcoming elections?
Don’t get TOO deep though (remember who we’re dealing with)
I try to get people to use the same $300 dollar rebate but compared with current administration waste
How much is a million, a billion, a trillion ... etc
Their eyes go wobbly before I can even get them to compare it what they make!
Dirksen said “A million here, a million there and pretty soon you’re talking about real money.” Now days a million here and a million there and you’re talking about chump change.”
It’s not a matter of how much they pay - that is variable...
You have to acknowledge that home owners also have yearly maintenance costs in addition to taxes and all that adds up.
The bottom calculation is how much and does that break even or cost more? Too many here seem to think that it breaks in favor of home ownership without actually adding up the costs (and time to maintain). There are actual benefits but most are not financial unless you are living with the idea that housing prices will constantly go up...
I challenge that attitude. I am talking about reality, not what the home sellers say! Really, you can lose thousands of dollars even after many years!
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