[5yearwaiter]

[quote=enron_by_the_sea]This is what is worrying me.

1) Let’s say a big one hits LA or Bay area. Leveling down a huge number of million dollar homes.

2) Most people there do not have earthquake insurance. The 12% that do, have 15%-20% deductible. (source –

http://articles.moneycentral.msn.com/Insurance/InsureYourHome/GetTheFactsOnEarthquakeInsurance.aspx

)

3) Earthquake results into massive disruption of life and commerce in this area. Rebuilding is projected to take many years. Many people and employers just simply decide to pack up and move some other place. This severally affects economy of the area.

4) The budget deficit of the state skyrockets. Feds help out some, but tea party does not want to bail out crazy hippies and president Palin is severly limited in how much she can help. This causes crisis in the municipal bond market.

5) People have big mortgages to pay on damaged properties without big paying jobs and they start to default which starts the next leg of banking crisis.

Can this happen?[/quote]

If really when this happened then a real shortage of housing occur on a huge demand and perhaps temporarly it appears it might be a disaster but many government resources start provide some sort of relief (like FEMA etc)… eventually a lot demand for homes (either rebuilt or new homes occur). If your recall last San Diego fires – I thought housing is going to be worst but it back like a huge swing. Nothing these factors impact as long as jobs and CA attractive life exists.

[5yearwaiter]

[quote=sdrealtor]When I am having a good year I usually pay all the taxes in December and I make my January mortgage payment in December to maximize my itemized deductions. This will be one of those years.[/quote]

How early you pay your January mortgage payment? Can pay even in Dec 30th and take this benefit of maximize itemized deductions? or at least by Dec 28th? which one preferred.

[5yearwaiter]

[quote=sdrealtor]When I am having a good year I usually pay all the taxes in December and I make my January mortgage payment in December to maximize my itemized deductions. This will be one of those years.[/quote]

How early you pay your January mortgage payment? Can pay even in Dec 30th and take this benefit of maximize itemized deductions? or at least by Dec 28th? which one preferred.

[5yearwaiter]

[quote=sdrealtor]When I am having a good year I usually pay all the taxes in December and I make my January mortgage payment in December to maximize my itemized deductions. This will be one of those years.[/quote]

How early you pay your January mortgage payment? Can pay even in Dec 30th and take this benefit of maximize itemized deductions? or at least by Dec 28th? which one preferred.

[5yearwaiter]

[quote=sdrealtor]When I am having a good year I usually pay all the taxes in December and I make my January mortgage payment in December to maximize my itemized deductions. This will be one of those years.[/quote]

How early you pay your January mortgage payment? Can pay even in Dec 30th and take this benefit of maximize itemized deductions? or at least by Dec 28th? which one preferred.

[5yearwaiter]

[quote=sdrealtor]When I am having a good year I usually pay all the taxes in December and I make my January mortgage payment in December to maximize my itemized deductions. This will be one of those years.[/quote]

How early you pay your January mortgage payment? Can pay even in Dec 30th and take this benefit of maximize itemized deductions? or at least by Dec 28th? which one preferred.

[5yearwaiter]

[quote=sdrealtor]of course[/quote]

Are you sure? – if this person bought the home (i.e Closed ) in 2010 AUGUST and got the property tax for July 2010 to 2011 and wanted to pay all in one attempt to show that in 2010 income tax claim.

[5yearwaiter]

[quote=sdrealtor]of course[/quote]

Are you sure? – if this person bought the home (i.e Closed ) in 2010 AUGUST and got the property tax for July 2010 to 2011 and wanted to pay all in one attempt to show that in 2010 income tax claim.

[5yearwaiter]

[quote=sdrealtor]of course[/quote]

Are you sure? – if this person bought the home (i.e Closed ) in 2010 AUGUST and got the property tax for July 2010 to 2011 and wanted to pay all in one attempt to show that in 2010 income tax claim.

[5yearwaiter]

[quote=sdrealtor]of course[/quote]

Are you sure? – if this person bought the home (i.e Closed ) in 2010 AUGUST and got the property tax for July 2010 to 2011 and wanted to pay all in one attempt to show that in 2010 income tax claim.

[5yearwaiter]

[quote=sdrealtor]of course[/quote]

Are you sure? – if this person bought the home (i.e Closed ) in 2010 AUGUST and got the property tax for July 2010 to 2011 and wanted to pay all in one attempt to show that in 2010 income tax claim.

[5yearwaiter]

[quote=flu]Don’t forget.[/quote]

I have a quick question. If you pay entire property tax for full year, which is for next due date Feb 2011 amount included, Can you state and claim these amounts in this year 2010 Income Tax returns?.

[5yearwaiter]

[quote=flu]Don’t forget.[/quote]

I have a quick question. If you pay entire property tax for full year, which is for next due date Feb 2011 amount included, Can you state and claim these amounts in this year 2010 Income Tax returns?.

[5yearwaiter]

[quote=flu]Don’t forget.[/quote]

I have a quick question. If you pay entire property tax for full year, which is for next due date Feb 2011 amount included, Can you state and claim these amounts in this year 2010 Income Tax returns?.

[5yearwaiter]

[quote=flu]Don’t forget.[/quote]

I have a quick question. If you pay entire property tax for full year, which is for next due date Feb 2011 amount included, Can you state and claim these amounts in this year 2010 Income Tax returns?.

[Author]

Posts