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Deal Hunter
ParticipantHugh A. Lipton (No. Hollywood, CA)
Attorney to the stars and very scary guy.
ParticipantHugh A. Lipton (No. Hollywood, CA)
Attorney to the stars and very scary guy.
ParticipantHugh A. Lipton (No. Hollywood, CA)
Attorney to the stars and very scary guy.
ParticipantHugh A. Lipton (No. Hollywood, CA)
Attorney to the stars and very scary guy.
ParticipantOne thing to wait for is the outcome of the senate bill called, The Foreclosure Prevention Act of 2008. A component of the bill will allow businesses to carry back NOLs (Net Operating Losses) five years instead of the normal 2 years.
The focus of course would be how new home builders would use this new tax incentive in 2008 and 2009? Builders had made such treamendous profits going back as far as 2004 that it is possible for them to “dump” their inventory in 2008 and 2009 just to shave their tax bills from previous years.
This could result in futher plummeting prices for new homes in SD and other areas. That would lead to a lower floor for the home values and more homeowners more upside down.
Hopefully the other component of the bill that gives a tax incentive to homebuyers of $7K to $15K in tax rebates over 2 years for buying an REO, will balance out the fire saling of inventory by the builders. Banks may stick to their prices on REO’s knowing that there are buyers close at hand and the builders won’t have to compete as much.
????????????
ParticipantOne thing to wait for is the outcome of the senate bill called, The Foreclosure Prevention Act of 2008. A component of the bill will allow businesses to carry back NOLs (Net Operating Losses) five years instead of the normal 2 years.
The focus of course would be how new home builders would use this new tax incentive in 2008 and 2009? Builders had made such treamendous profits going back as far as 2004 that it is possible for them to “dump” their inventory in 2008 and 2009 just to shave their tax bills from previous years.
This could result in futher plummeting prices for new homes in SD and other areas. That would lead to a lower floor for the home values and more homeowners more upside down.
Hopefully the other component of the bill that gives a tax incentive to homebuyers of $7K to $15K in tax rebates over 2 years for buying an REO, will balance out the fire saling of inventory by the builders. Banks may stick to their prices on REO’s knowing that there are buyers close at hand and the builders won’t have to compete as much.
????????????
ParticipantOne thing to wait for is the outcome of the senate bill called, The Foreclosure Prevention Act of 2008. A component of the bill will allow businesses to carry back NOLs (Net Operating Losses) five years instead of the normal 2 years.
The focus of course would be how new home builders would use this new tax incentive in 2008 and 2009? Builders had made such treamendous profits going back as far as 2004 that it is possible for them to “dump” their inventory in 2008 and 2009 just to shave their tax bills from previous years.
This could result in futher plummeting prices for new homes in SD and other areas. That would lead to a lower floor for the home values and more homeowners more upside down.
Hopefully the other component of the bill that gives a tax incentive to homebuyers of $7K to $15K in tax rebates over 2 years for buying an REO, will balance out the fire saling of inventory by the builders. Banks may stick to their prices on REO’s knowing that there are buyers close at hand and the builders won’t have to compete as much.
????????????
ParticipantOne thing to wait for is the outcome of the senate bill called, The Foreclosure Prevention Act of 2008. A component of the bill will allow businesses to carry back NOLs (Net Operating Losses) five years instead of the normal 2 years.
The focus of course would be how new home builders would use this new tax incentive in 2008 and 2009? Builders had made such treamendous profits going back as far as 2004 that it is possible for them to “dump” their inventory in 2008 and 2009 just to shave their tax bills from previous years.
This could result in futher plummeting prices for new homes in SD and other areas. That would lead to a lower floor for the home values and more homeowners more upside down.
Hopefully the other component of the bill that gives a tax incentive to homebuyers of $7K to $15K in tax rebates over 2 years for buying an REO, will balance out the fire saling of inventory by the builders. Banks may stick to their prices on REO’s knowing that there are buyers close at hand and the builders won’t have to compete as much.
????????????
ParticipantOne thing to wait for is the outcome of the senate bill called, The Foreclosure Prevention Act of 2008. A component of the bill will allow businesses to carry back NOLs (Net Operating Losses) five years instead of the normal 2 years.
The focus of course would be how new home builders would use this new tax incentive in 2008 and 2009? Builders had made such treamendous profits going back as far as 2004 that it is possible for them to “dump” their inventory in 2008 and 2009 just to shave their tax bills from previous years.
This could result in futher plummeting prices for new homes in SD and other areas. That would lead to a lower floor for the home values and more homeowners more upside down.
Hopefully the other component of the bill that gives a tax incentive to homebuyers of $7K to $15K in tax rebates over 2 years for buying an REO, will balance out the fire saling of inventory by the builders. Banks may stick to their prices on REO’s knowing that there are buyers close at hand and the builders won’t have to compete as much.
????????????
ParticipantIt will be more like a slow leak – but eventually we (in our older age) and our children will find themselves in a world much different than today. When my parents were my age they could buy a house and pay it off in 10 years, there were no such things as credit cards, education all through college was free, and my father had a guaranteed pension from his company for life and you could drink water straight from the tap, any tap in town.
By the time my kids are my age, most of the population will be living in large residential complexes (single family homes with back yards will be extinct). Each nuclear family of husband, wife and child will also be living with 4-6 of their older relatives. There will be hardly any cars on the road and everyone works, shops and goes to school within walking distance. Drinking water will be more expensive than fuel.
Sounds like armageddon, but it will evolve slowly enough throughout our lives that we will eventually come to accept each little change as something we can live with or have to live through. It won’t feel topsy turvy as changes will come about ever so slowly one thing at a time. Only looking up in hindsight will anyone really see the magnitude of the change.
ParticipantIt will be more like a slow leak – but eventually we (in our older age) and our children will find themselves in a world much different than today. When my parents were my age they could buy a house and pay it off in 10 years, there were no such things as credit cards, education all through college was free, and my father had a guaranteed pension from his company for life and you could drink water straight from the tap, any tap in town.
By the time my kids are my age, most of the population will be living in large residential complexes (single family homes with back yards will be extinct). Each nuclear family of husband, wife and child will also be living with 4-6 of their older relatives. There will be hardly any cars on the road and everyone works, shops and goes to school within walking distance. Drinking water will be more expensive than fuel.
Sounds like armageddon, but it will evolve slowly enough throughout our lives that we will eventually come to accept each little change as something we can live with or have to live through. It won’t feel topsy turvy as changes will come about ever so slowly one thing at a time. Only looking up in hindsight will anyone really see the magnitude of the change.
ParticipantIt will be more like a slow leak – but eventually we (in our older age) and our children will find themselves in a world much different than today. When my parents were my age they could buy a house and pay it off in 10 years, there were no such things as credit cards, education all through college was free, and my father had a guaranteed pension from his company for life and you could drink water straight from the tap, any tap in town.
By the time my kids are my age, most of the population will be living in large residential complexes (single family homes with back yards will be extinct). Each nuclear family of husband, wife and child will also be living with 4-6 of their older relatives. There will be hardly any cars on the road and everyone works, shops and goes to school within walking distance. Drinking water will be more expensive than fuel.
Sounds like armageddon, but it will evolve slowly enough throughout our lives that we will eventually come to accept each little change as something we can live with or have to live through. It won’t feel topsy turvy as changes will come about ever so slowly one thing at a time. Only looking up in hindsight will anyone really see the magnitude of the change.
ParticipantIt will be more like a slow leak – but eventually we (in our older age) and our children will find themselves in a world much different than today. When my parents were my age they could buy a house and pay it off in 10 years, there were no such things as credit cards, education all through college was free, and my father had a guaranteed pension from his company for life and you could drink water straight from the tap, any tap in town.
By the time my kids are my age, most of the population will be living in large residential complexes (single family homes with back yards will be extinct). Each nuclear family of husband, wife and child will also be living with 4-6 of their older relatives. There will be hardly any cars on the road and everyone works, shops and goes to school within walking distance. Drinking water will be more expensive than fuel.
Sounds like armageddon, but it will evolve slowly enough throughout our lives that we will eventually come to accept each little change as something we can live with or have to live through. It won’t feel topsy turvy as changes will come about ever so slowly one thing at a time. Only looking up in hindsight will anyone really see the magnitude of the change.
ParticipantIt will be more like a slow leak – but eventually we (in our older age) and our children will find themselves in a world much different than today. When my parents were my age they could buy a house and pay it off in 10 years, there were no such things as credit cards, education all through college was free, and my father had a guaranteed pension from his company for life and you could drink water straight from the tap, any tap in town.
By the time my kids are my age, most of the population will be living in large residential complexes (single family homes with back yards will be extinct). Each nuclear family of husband, wife and child will also be living with 4-6 of their older relatives. There will be hardly any cars on the road and everyone works, shops and goes to school within walking distance. Drinking water will be more expensive than fuel.
Sounds like armageddon, but it will evolve slowly enough throughout our lives that we will eventually come to accept each little change as something we can live with or have to live through. It won’t feel topsy turvy as changes will come about ever so slowly one thing at a time. Only looking up in hindsight will anyone really see the magnitude of the change.
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