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September 29, 2010 at 7:42 AM in reply to: Government spending is more beneficial than private spending #611194September 29, 2010 at 7:42 AM in reply to: Government spending is more beneficial than private spending #611508
(former)FormerSanDiegan
Participant[quote=BigGovernmentIsGood]Rich,
Thanks for the warning. It is dumb to engage in left-right slapfests as both sides are guilty.[/quote]
Admission of the problem is the first step on the path to recovery.
September 28, 2010 at 7:29 AM in reply to: Government spending is more beneficial than private spending #609944ParticipantThe fundamental flaw in your point is that 100% of Government income comes from taxation of private spending.
Without private spending, government spending does not exist.
Your comment makes as much sense as dessert is better than the main course. It might tast better to some people. But one cannot live in good health very long by eating only dessert.
September 28, 2010 at 7:29 AM in reply to: Government spending is more beneficial than private spending #610030ParticipantThe fundamental flaw in your point is that 100% of Government income comes from taxation of private spending.
Without private spending, government spending does not exist.
Your comment makes as much sense as dessert is better than the main course. It might tast better to some people. But one cannot live in good health very long by eating only dessert.
September 28, 2010 at 7:29 AM in reply to: Government spending is more beneficial than private spending #610578ParticipantThe fundamental flaw in your point is that 100% of Government income comes from taxation of private spending.
Without private spending, government spending does not exist.
Your comment makes as much sense as dessert is better than the main course. It might tast better to some people. But one cannot live in good health very long by eating only dessert.
September 28, 2010 at 7:29 AM in reply to: Government spending is more beneficial than private spending #610691ParticipantThe fundamental flaw in your point is that 100% of Government income comes from taxation of private spending.
Without private spending, government spending does not exist.
Your comment makes as much sense as dessert is better than the main course. It might tast better to some people. But one cannot live in good health very long by eating only dessert.
September 28, 2010 at 7:29 AM in reply to: Government spending is more beneficial than private spending #611003ParticipantThe fundamental flaw in your point is that 100% of Government income comes from taxation of private spending.
Without private spending, government spending does not exist.
Your comment makes as much sense as dessert is better than the main course. It might tast better to some people. But one cannot live in good health very long by eating only dessert.
ParticipantRefinance has nothing to do with potential taxes when you sell, or property taxes.
The taxes when you sell will be based on the cost basis, which is the purchase price, plus any improvments you may have made (such as adding a bath or major remodels, etc, but not maintenance).
Cost basis is:
Purchase price
+ Purchase costs (title & escrow fees, real estate agent commissions, etc.)
+ Improvements (replacing the roof, new furnace, etc.)
+ Selling costs (title & escrow fees, real estate agent commissions, etc.)If you convert it to a rental property, you would also have to account for depreciation.
ParticipantRefinance has nothing to do with potential taxes when you sell, or property taxes.
The taxes when you sell will be based on the cost basis, which is the purchase price, plus any improvments you may have made (such as adding a bath or major remodels, etc, but not maintenance).
Cost basis is:
Purchase price
+ Purchase costs (title & escrow fees, real estate agent commissions, etc.)
+ Improvements (replacing the roof, new furnace, etc.)
+ Selling costs (title & escrow fees, real estate agent commissions, etc.)If you convert it to a rental property, you would also have to account for depreciation.
ParticipantRefinance has nothing to do with potential taxes when you sell, or property taxes.
The taxes when you sell will be based on the cost basis, which is the purchase price, plus any improvments you may have made (such as adding a bath or major remodels, etc, but not maintenance).
Cost basis is:
Purchase price
+ Purchase costs (title & escrow fees, real estate agent commissions, etc.)
+ Improvements (replacing the roof, new furnace, etc.)
+ Selling costs (title & escrow fees, real estate agent commissions, etc.)If you convert it to a rental property, you would also have to account for depreciation.
ParticipantRefinance has nothing to do with potential taxes when you sell, or property taxes.
The taxes when you sell will be based on the cost basis, which is the purchase price, plus any improvments you may have made (such as adding a bath or major remodels, etc, but not maintenance).
Cost basis is:
Purchase price
+ Purchase costs (title & escrow fees, real estate agent commissions, etc.)
+ Improvements (replacing the roof, new furnace, etc.)
+ Selling costs (title & escrow fees, real estate agent commissions, etc.)If you convert it to a rental property, you would also have to account for depreciation.
ParticipantRefinance has nothing to do with potential taxes when you sell, or property taxes.
The taxes when you sell will be based on the cost basis, which is the purchase price, plus any improvments you may have made (such as adding a bath or major remodels, etc, but not maintenance).
Cost basis is:
Purchase price
+ Purchase costs (title & escrow fees, real estate agent commissions, etc.)
+ Improvements (replacing the roof, new furnace, etc.)
+ Selling costs (title & escrow fees, real estate agent commissions, etc.)If you convert it to a rental property, you would also have to account for depreciation.
September 24, 2010 at 7:33 AM in reply to: FHA ‘Short-Refi Program’ debt relief for underwater homeowners #608775Participant[quote=BigGovernmentIsGood][quote=jficquette]I don’t know how or who really. Surely somebody would do a no doc for a high down payment and great credit. Shoot, make it 50% down. They can make money off of that.
John[/quote]
I ran a few searches, and it looks like no-doc is still around. It’s just much tougher to get one these days than it used to be.[/quote]
What do you mean by tougher ? More documentation ? More downpayment ? Higher credit score ?
September 24, 2010 at 7:33 AM in reply to: FHA ‘Short-Refi Program’ debt relief for underwater homeowners #609414Participant[quote=BigGovernmentIsGood][quote=jficquette]I don’t know how or who really. Surely somebody would do a no doc for a high down payment and great credit. Shoot, make it 50% down. They can make money off of that.
John[/quote]
I ran a few searches, and it looks like no-doc is still around. It’s just much tougher to get one these days than it used to be.[/quote]
What do you mean by tougher ? More documentation ? More downpayment ? Higher credit score ?
September 24, 2010 at 7:33 AM in reply to: FHA ‘Short-Refi Program’ debt relief for underwater homeowners #609524Participant[quote=BigGovernmentIsGood][quote=jficquette]I don’t know how or who really. Surely somebody would do a no doc for a high down payment and great credit. Shoot, make it 50% down. They can make money off of that.
John[/quote]
I ran a few searches, and it looks like no-doc is still around. It’s just much tougher to get one these days than it used to be.[/quote]
What do you mean by tougher ? More documentation ? More downpayment ? Higher credit score ?
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