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  • January 2, 2008 at 3:47 PM #128194
    safigueroa12
    Participant

    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

    January 2, 2008 at 4:00 PM #127942
    Anonymous
    Guest

    Move to Houston. Very low homeprices, relatively high income for professional workers and no state taxes.

    January 2, 2008 at 4:00 PM #128107
    Anonymous
    Guest

    Move to Houston. Very low homeprices, relatively high income for professional workers and no state taxes.

    January 2, 2008 at 4:00 PM #128116
    Anonymous
    Guest

    Move to Houston. Very low homeprices, relatively high income for professional workers and no state taxes.

    January 2, 2008 at 4:00 PM #128185
    Anonymous
    Guest

    Move to Houston. Very low homeprices, relatively high income for professional workers and no state taxes.

    January 2, 2008 at 4:00 PM #128214
    Anonymous
    Guest

    Move to Houston. Very low homeprices, relatively high income for professional workers and no state taxes.

    January 2, 2008 at 4:21 PM #127972
    nostradamus
    Participant

    safigueroa12 you are right. Itemizing a mortgage deduction is nice but that happens after you’ve bought a house, put a load of money down, and payed a year’s worth of mortgage bills on a depreciating asset…

    If your wife is pressuring you just tell her you’ll save $X amount (make X big) and can buy a much better, bigger dream house in a few years than you can now.

    For $500k today you can live in this

    Or for $200k in a few weeks you can live in this.

    OK maybe it’s a slight exaggeration but you get the idea.

    January 2, 2008 at 4:21 PM #128137
    nostradamus
    Participant

    safigueroa12 you are right. Itemizing a mortgage deduction is nice but that happens after you’ve bought a house, put a load of money down, and payed a year’s worth of mortgage bills on a depreciating asset…

    If your wife is pressuring you just tell her you’ll save $X amount (make X big) and can buy a much better, bigger dream house in a few years than you can now.

    For $500k today you can live in this

    Or for $200k in a few weeks you can live in this.

    OK maybe it’s a slight exaggeration but you get the idea.

    January 2, 2008 at 4:21 PM #128146
    nostradamus
    Participant

    safigueroa12 you are right. Itemizing a mortgage deduction is nice but that happens after you’ve bought a house, put a load of money down, and payed a year’s worth of mortgage bills on a depreciating asset…

    If your wife is pressuring you just tell her you’ll save $X amount (make X big) and can buy a much better, bigger dream house in a few years than you can now.

    For $500k today you can live in this

    Or for $200k in a few weeks you can live in this.

    OK maybe it’s a slight exaggeration but you get the idea.

    January 2, 2008 at 4:21 PM #128215
    nostradamus
    Participant

    safigueroa12 you are right. Itemizing a mortgage deduction is nice but that happens after you’ve bought a house, put a load of money down, and payed a year’s worth of mortgage bills on a depreciating asset…

    If your wife is pressuring you just tell her you’ll save $X amount (make X big) and can buy a much better, bigger dream house in a few years than you can now.

    For $500k today you can live in this

    Or for $200k in a few weeks you can live in this.

    OK maybe it’s a slight exaggeration but you get the idea.

    January 2, 2008 at 4:21 PM #128244
    nostradamus
    Participant

    safigueroa12 you are right. Itemizing a mortgage deduction is nice but that happens after you’ve bought a house, put a load of money down, and payed a year’s worth of mortgage bills on a depreciating asset…

    If your wife is pressuring you just tell her you’ll save $X amount (make X big) and can buy a much better, bigger dream house in a few years than you can now.

    For $500k today you can live in this

    Or for $200k in a few weeks you can live in this.

    OK maybe it’s a slight exaggeration but you get the idea.

    January 2, 2008 at 4:28 PM #127978
    safigueroa12
    Participant

    No disrespect but some of my friends say that there is not much to do in TX and older kid is crazy about UCLA, so go figure.

    SAF

    January 2, 2008 at 4:28 PM #128142
    safigueroa12
    Participant

    No disrespect but some of my friends say that there is not much to do in TX and older kid is crazy about UCLA, so go figure.

    SAF

    January 2, 2008 at 4:28 PM #128151
    safigueroa12
    Participant

    No disrespect but some of my friends say that there is not much to do in TX and older kid is crazy about UCLA, so go figure.

    SAF

    January 2, 2008 at 4:28 PM #128220
    safigueroa12
    Participant

    No disrespect but some of my friends say that there is not much to do in TX and older kid is crazy about UCLA, so go figure.

    SAF

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