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no_such_reality
ParticipantIt will have no effect on the decline of home prices.
None.
Nada.
Zippo.
Prices are still going back to were your income, now and in the future including real debt payments and higher taxes, can pay the mortgage and taxes.
ParticipantIt will have no effect on the decline of home prices.
None.
Nada.
Zippo.
Prices are still going back to were your income, now and in the future including real debt payments and higher taxes, can pay the mortgage and taxes.
ParticipantIt will have no effect on the decline of home prices.
None.
Nada.
Zippo.
Prices are still going back to were your income, now and in the future including real debt payments and higher taxes, can pay the mortgage and taxes.
Participant[quote=afx114]No, my point is that everyone should pay an amount that is equal relative to their income. Having to pay $1,000 in taxes on an income of $10,000 could affect how much food gets put on the table or if the kids go to college or if the electric bill gets paid. Having to pay $1,000 in taxes on an income of $1,000,000 means a few less rounds of golf. Big difference.[/quote]
Except the tax on $1,000,000 is about $326,999.
I love the idiotic $1000 tax on one million. On one million, California imposes a surtax of 1% on top of the 9.3% income tax. So lob in roughly $93,000 of State tax.
So yeah, it’s tax the millionaires. Paying $400,000 in taxes isn’t enough, they should pay more!
Participant[quote=afx114]No, my point is that everyone should pay an amount that is equal relative to their income. Having to pay $1,000 in taxes on an income of $10,000 could affect how much food gets put on the table or if the kids go to college or if the electric bill gets paid. Having to pay $1,000 in taxes on an income of $1,000,000 means a few less rounds of golf. Big difference.[/quote]
Except the tax on $1,000,000 is about $326,999.
I love the idiotic $1000 tax on one million. On one million, California imposes a surtax of 1% on top of the 9.3% income tax. So lob in roughly $93,000 of State tax.
So yeah, it’s tax the millionaires. Paying $400,000 in taxes isn’t enough, they should pay more!
Participant[quote=afx114]No, my point is that everyone should pay an amount that is equal relative to their income. Having to pay $1,000 in taxes on an income of $10,000 could affect how much food gets put on the table or if the kids go to college or if the electric bill gets paid. Having to pay $1,000 in taxes on an income of $1,000,000 means a few less rounds of golf. Big difference.[/quote]
Except the tax on $1,000,000 is about $326,999.
I love the idiotic $1000 tax on one million. On one million, California imposes a surtax of 1% on top of the 9.3% income tax. So lob in roughly $93,000 of State tax.
So yeah, it’s tax the millionaires. Paying $400,000 in taxes isn’t enough, they should pay more!
Participant[quote=afx114]No, my point is that everyone should pay an amount that is equal relative to their income. Having to pay $1,000 in taxes on an income of $10,000 could affect how much food gets put on the table or if the kids go to college or if the electric bill gets paid. Having to pay $1,000 in taxes on an income of $1,000,000 means a few less rounds of golf. Big difference.[/quote]
Except the tax on $1,000,000 is about $326,999.
I love the idiotic $1000 tax on one million. On one million, California imposes a surtax of 1% on top of the 9.3% income tax. So lob in roughly $93,000 of State tax.
So yeah, it’s tax the millionaires. Paying $400,000 in taxes isn’t enough, they should pay more!
Participant[quote=afx114]No, my point is that everyone should pay an amount that is equal relative to their income. Having to pay $1,000 in taxes on an income of $10,000 could affect how much food gets put on the table or if the kids go to college or if the electric bill gets paid. Having to pay $1,000 in taxes on an income of $1,000,000 means a few less rounds of golf. Big difference.[/quote]
Except the tax on $1,000,000 is about $326,999.
I love the idiotic $1000 tax on one million. On one million, California imposes a surtax of 1% on top of the 9.3% income tax. So lob in roughly $93,000 of State tax.
So yeah, it’s tax the millionaires. Paying $400,000 in taxes isn’t enough, they should pay more!
ParticipantActually, if you read the full article, the bank credited the buyer closing costs, paid $3500 in RE commissions, paid utilities, and some other stuff to the tune of $10,000 to close the deal.
Frankly, I’ve been in that area and $1 isn’t worth the liability of owning the property. The buyer can’t live in it, needs to spend thousands to fix it, can’t fix it because it’ll be stripped over night and can’t spend the night…
ParticipantActually, if you read the full article, the bank credited the buyer closing costs, paid $3500 in RE commissions, paid utilities, and some other stuff to the tune of $10,000 to close the deal.
Frankly, I’ve been in that area and $1 isn’t worth the liability of owning the property. The buyer can’t live in it, needs to spend thousands to fix it, can’t fix it because it’ll be stripped over night and can’t spend the night…
ParticipantActually, if you read the full article, the bank credited the buyer closing costs, paid $3500 in RE commissions, paid utilities, and some other stuff to the tune of $10,000 to close the deal.
Frankly, I’ve been in that area and $1 isn’t worth the liability of owning the property. The buyer can’t live in it, needs to spend thousands to fix it, can’t fix it because it’ll be stripped over night and can’t spend the night…
ParticipantActually, if you read the full article, the bank credited the buyer closing costs, paid $3500 in RE commissions, paid utilities, and some other stuff to the tune of $10,000 to close the deal.
Frankly, I’ve been in that area and $1 isn’t worth the liability of owning the property. The buyer can’t live in it, needs to spend thousands to fix it, can’t fix it because it’ll be stripped over night and can’t spend the night…
ParticipantActually, if you read the full article, the bank credited the buyer closing costs, paid $3500 in RE commissions, paid utilities, and some other stuff to the tune of $10,000 to close the deal.
Frankly, I’ve been in that area and $1 isn’t worth the liability of owning the property. The buyer can’t live in it, needs to spend thousands to fix it, can’t fix it because it’ll be stripped over night and can’t spend the night…
ParticipantWhen you were low-bid on the house the first time around what did you tell the agent? Are you a serious buyer? Have you actively been pursuing properies with the agent with a purpose to buy?
As for obligations, there are none to inform you of the status of a property weeks later of which you longer have an offer on.
“So, I wasn’t actually harmed this time.”
To be frank, that sentence strikes me as you’re looking for a reason to find fault.
To be doubly frank, the agent didn’t call you to put a bid on the house you previously had low bid on so basically the agent didn’t want to waste more time on a low bid with in their mind little chance of getting accepted. If you had them on paid retaining it might be a little different, but otherwise, you’re burning their cash and they don’t think you’ll close the deal.
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