Conforming limit to $700,000?

[KIBU]

Welcome all to the Socialist Republic of USA. We are heading toward communism soon. Those who save money and have no assets will be robbed off soon by inflation and taxes.

I am believing more and more that people on this site including me are the ones who will be left behind renting for a while more.

[mixxalot]

Investments and tax bit

I do plan to be a decent landlord- since I have dealt with slumlords in the past it is definitely not my intent to be one. I am interested in foreclosures. Met a guy tonight who has the inside track on it. If I can buy up duplexes and triplexes and rent them out at a profit and still make the numbers, should be nice tax shelter and help long term.

[mixxalot]

Investments and tax bit

I do plan to be a decent landlord- since I have dealt with slumlords in the past it is definitely not my intent to be one. I am interested in foreclosures. Met a guy tonight who has the inside track on it. If I can buy up duplexes and triplexes and rent them out at a profit and still make the numbers, should be nice tax shelter and help long term.

[mixxalot]

Investments and tax bit

I do plan to be a decent landlord- since I have dealt with slumlords in the past it is definitely not my intent to be one. I am interested in foreclosures. Met a guy tonight who has the inside track on it. If I can buy up duplexes and triplexes and rent them out at a profit and still make the numbers, should be nice tax shelter and help long term.

[mixxalot]

Investments and tax bit

I do plan to be a decent landlord- since I have dealt with slumlords in the past it is definitely not my intent to be one. I am interested in foreclosures. Met a guy tonight who has the inside track on it. If I can buy up duplexes and triplexes and rent them out at a profit and still make the numbers, should be nice tax shelter and help long term.

[mixxalot]

Investments and tax bit

I do plan to be a decent landlord- since I have dealt with slumlords in the past it is definitely not my intent to be one. I am interested in foreclosures. Met a guy tonight who has the inside track on it. If I can buy up duplexes and triplexes and rent them out at a profit and still make the numbers, should be nice tax shelter and help long term.

[raptorduck]

Fat_lazy. I will admit that 9 years ago, when I worked in SD, I benefited from one of those 0% interest loans. In fact, it was a forgivable loan.

Unfortunatley, the IRS and SEC have phased those out. As a Section 16 executive or otherwise, you can no longer borrow from your company interest free and the loan can not be forgiven without being treated as taxable income. Companies just don’t do that any more.

Also, new laws now force you to price options closer to the actual FMV of the stock based on a fair and reasonable third party valuation. In the old days, you could almost pick out of thin air the price of your options, which could have signifiant financial benifits. Thanks to rule 405, those days are long gone too.

[raptorduck]

Fat_lazy. I will admit that 9 years ago, when I worked in SD, I benefited from one of those 0% interest loans. In fact, it was a forgivable loan.

Unfortunatley, the IRS and SEC have phased those out. As a Section 16 executive or otherwise, you can no longer borrow from your company interest free and the loan can not be forgiven without being treated as taxable income. Companies just don’t do that any more.

Also, new laws now force you to price options closer to the actual FMV of the stock based on a fair and reasonable third party valuation. In the old days, you could almost pick out of thin air the price of your options, which could have signifiant financial benifits. Thanks to rule 405, those days are long gone too.

[raptorduck]

Fat_lazy. I will admit that 9 years ago, when I worked in SD, I benefited from one of those 0% interest loans. In fact, it was a forgivable loan.

Unfortunatley, the IRS and SEC have phased those out. As a Section 16 executive or otherwise, you can no longer borrow from your company interest free and the loan can not be forgiven without being treated as taxable income. Companies just don’t do that any more.

Also, new laws now force you to price options closer to the actual FMV of the stock based on a fair and reasonable third party valuation. In the old days, you could almost pick out of thin air the price of your options, which could have signifiant financial benifits. Thanks to rule 405, those days are long gone too.

[raptorduck]

Fat_lazy. I will admit that 9 years ago, when I worked in SD, I benefited from one of those 0% interest loans. In fact, it was a forgivable loan.

Unfortunatley, the IRS and SEC have phased those out. As a Section 16 executive or otherwise, you can no longer borrow from your company interest free and the loan can not be forgiven without being treated as taxable income. Companies just don’t do that any more.

Also, new laws now force you to price options closer to the actual FMV of the stock based on a fair and reasonable third party valuation. In the old days, you could almost pick out of thin air the price of your options, which could have signifiant financial benifits. Thanks to rule 405, those days are long gone too.

[raptorduck]

Fat_lazy. I will admit that 9 years ago, when I worked in SD, I benefited from one of those 0% interest loans. In fact, it was a forgivable loan.

Unfortunatley, the IRS and SEC have phased those out. As a Section 16 executive or otherwise, you can no longer borrow from your company interest free and the loan can not be forgiven without being treated as taxable income. Companies just don’t do that any more.

Also, new laws now force you to price options closer to the actual FMV of the stock based on a fair and reasonable third party valuation. In the old days, you could almost pick out of thin air the price of your options, which could have signifiant financial benifits. Thanks to rule 405, those days are long gone too.

[andymajumder]

Looks like the mdeia is already covering it as a big boost for the housing market in California. http://money.cnn.com/2008/01/25/real_estate/stimulus_plan_targets_pricy_housing/index.htm

"This will have a big, immediate impact, especially in California where sales have been down most significantly," said Lawrence Yun, chief economist for the National Association of Realtors. The 1 percent drop is a huge factor," said Yun. "In California, it could create a mini-boom."

More coverage,

http://www.msnbc.msn.com/id/22826663/

Does this mean its the end of price drops as of now?

They really are playing it as though prices might start going up again and this may cause a lot of potential buyers to jump back in. 

 

[andymajumder]

Looks like the mdeia is already covering it as a big boost for the housing market in California. http://money.cnn.com/2008/01/25/real_estate/stimulus_plan_targets_pricy_housing/index.htm

"This will have a big, immediate impact, especially in California where sales have been down most significantly," said Lawrence Yun, chief economist for the National Association of Realtors. The 1 percent drop is a huge factor," said Yun. "In California, it could create a mini-boom."

More coverage,

http://www.msnbc.msn.com/id/22826663/

Does this mean its the end of price drops as of now?

They really are playing it as though prices might start going up again and this may cause a lot of potential buyers to jump back in. 

 

[andymajumder]

Looks like the mdeia is already covering it as a big boost for the housing market in California. http://money.cnn.com/2008/01/25/real_estate/stimulus_plan_targets_pricy_housing/index.htm

"This will have a big, immediate impact, especially in California where sales have been down most significantly," said Lawrence Yun, chief economist for the National Association of Realtors. The 1 percent drop is a huge factor," said Yun. "In California, it could create a mini-boom."

More coverage,

http://www.msnbc.msn.com/id/22826663/

Does this mean its the end of price drops as of now?

They really are playing it as though prices might start going up again and this may cause a lot of potential buyers to jump back in. 

 

[andymajumder]

Looks like the mdeia is already covering it as a big boost for the housing market in California. http://money.cnn.com/2008/01/25/real_estate/stimulus_plan_targets_pricy_housing/index.htm

"This will have a big, immediate impact, especially in California where sales have been down most significantly," said Lawrence Yun, chief economist for the National Association of Realtors. The 1 percent drop is a huge factor," said Yun. "In California, it could create a mini-boom."

More coverage,

http://www.msnbc.msn.com/id/22826663/

Does this mean its the end of price drops as of now?

They really are playing it as though prices might start going up again and this may cause a lot of potential buyers to jump back in. 

 

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