Is the Slump Over Yet?

[safigueroa12]

Thank you all.

I guess I am moving into a rental home by June.

I will ride 2008 as a renter. The Feds and the state are going to love me but I rather pay more taxes than to be upside down with a house.

SAF

[cr]

Keep in mind the people calling 2008 the bottom, and there are even some saying 2009, are the ones who coined the phrase “soft landing” and claim the worst is behind us all the way down. They did it last year after a single month uptick in any data they choose to maniuplate.

This thing will go down as long as it went up, and with government interference, it will take even longer to correct, but it WILL correct.

See Rich’s latest post and you’ll see a reason why.

[cr]

Keep in mind the people calling 2008 the bottom, and there are even some saying 2009, are the ones who coined the phrase “soft landing” and claim the worst is behind us all the way down. They did it last year after a single month uptick in any data they choose to maniuplate.

This thing will go down as long as it went up, and with government interference, it will take even longer to correct, but it WILL correct.

See Rich’s latest post and you’ll see a reason why.

[cr]

Keep in mind the people calling 2008 the bottom, and there are even some saying 2009, are the ones who coined the phrase “soft landing” and claim the worst is behind us all the way down. They did it last year after a single month uptick in any data they choose to maniuplate.

This thing will go down as long as it went up, and with government interference, it will take even longer to correct, but it WILL correct.

See Rich’s latest post and you’ll see a reason why.

[cr]

Keep in mind the people calling 2008 the bottom, and there are even some saying 2009, are the ones who coined the phrase “soft landing” and claim the worst is behind us all the way down. They did it last year after a single month uptick in any data they choose to maniuplate.

This thing will go down as long as it went up, and with government interference, it will take even longer to correct, but it WILL correct.

See Rich’s latest post and you’ll see a reason why.

[cr]

Keep in mind the people calling 2008 the bottom, and there are even some saying 2009, are the ones who coined the phrase “soft landing” and claim the worst is behind us all the way down. They did it last year after a single month uptick in any data they choose to maniuplate.

This thing will go down as long as it went up, and with government interference, it will take even longer to correct, but it WILL correct.

See Rich’s latest post and you’ll see a reason why.

[nostradamus]

safigueroa12 the tax advantages of owning are nowhere near justifying the cost of purchasing a home vs. renting it. That is an almost negligible concern unless you were planning on declaring the home a business asset on which you can claim depreciation (which you can feel sure will be major).

[nostradamus]

safigueroa12 the tax advantages of owning are nowhere near justifying the cost of purchasing a home vs. renting it. That is an almost negligible concern unless you were planning on declaring the home a business asset on which you can claim depreciation (which you can feel sure will be major).

[nostradamus]

safigueroa12 the tax advantages of owning are nowhere near justifying the cost of purchasing a home vs. renting it. That is an almost negligible concern unless you were planning on declaring the home a business asset on which you can claim depreciation (which you can feel sure will be major).

[nostradamus]

safigueroa12 the tax advantages of owning are nowhere near justifying the cost of purchasing a home vs. renting it. That is an almost negligible concern unless you were planning on declaring the home a business asset on which you can claim depreciation (which you can feel sure will be major).

[nostradamus]

safigueroa12 the tax advantages of owning are nowhere near justifying the cost of purchasing a home vs. renting it. That is an almost negligible concern unless you were planning on declaring the home a business asset on which you can claim depreciation (which you can feel sure will be major).

[safigueroa12]

nostradamus,

I agree with the input, but you got to agree that is nice to itemize rather than use the standard deduction. In this case the risk of depreciation if almost certain and I would hate to buy for $400K and be at $300K or $250K within 2 to 3 years. The additional taxes are insignificant when compare the current mess the house market is in.
Explaining this to my wife is no easy believe me……

SAFI

[safigueroa12]

nostradamus,

I agree with the input, but you got to agree that is nice to itemize rather than use the standard deduction. In this case the risk of depreciation if almost certain and I would hate to buy for $400K and be at $300K or $250K within 2 to 3 years. The additional taxes are insignificant when compare the current mess the house market is in.
Explaining this to my wife is no easy believe me……

SAFI

[safigueroa12]

nostradamus,

I agree with the input, but you got to agree that is nice to itemize rather than use the standard deduction. In this case the risk of depreciation if almost certain and I would hate to buy for $400K and be at $300K or $250K within 2 to 3 years. The additional taxes are insignificant when compare the current mess the house market is in.
Explaining this to my wife is no easy believe me……

SAFI

[safigueroa12]

nostradamus,

I agree with the input, but you got to agree that is nice to itemize rather than use the standard deduction. In this case the risk of depreciation if almost certain and I would hate to buy for $400K and be at $300K or $250K within 2 to 3 years. The additional taxes are insignificant when compare the current mess the house market is in.
Explaining this to my wife is no easy believe me……

SAFI

[Author]

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