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temeculaguy
ParticipantAre your “mello roos” incorporated into your tax bill or is it a separate bill? Is the only way to figure it out is to look at your itemized bill and that if you had an impound account your lender pays it and reports to you on your 1098, in the tax column, the taxes inclusive of the mello roos?
Whatever the dollar amount is on the 1098 reported by your lender as the “property taxes paid” I say you go with that number, that is the number the irs computer will be looking to match their data with your return.
If it is excluded on your 1098, like an hoa would be, then you are asking for attention and can’t play stupid when caught.
temeculaguy
ParticipantAre your “mello roos” incorporated into your tax bill or is it a separate bill? Is the only way to figure it out is to look at your itemized bill and that if you had an impound account your lender pays it and reports to you on your 1098, in the tax column, the taxes inclusive of the mello roos?
Whatever the dollar amount is on the 1098 reported by your lender as the “property taxes paid” I say you go with that number, that is the number the irs computer will be looking to match their data with your return.
If it is excluded on your 1098, like an hoa would be, then you are asking for attention and can’t play stupid when caught.
temeculaguy
ParticipantAre your “mello roos” incorporated into your tax bill or is it a separate bill? Is the only way to figure it out is to look at your itemized bill and that if you had an impound account your lender pays it and reports to you on your 1098, in the tax column, the taxes inclusive of the mello roos?
Whatever the dollar amount is on the 1098 reported by your lender as the “property taxes paid” I say you go with that number, that is the number the irs computer will be looking to match their data with your return.
If it is excluded on your 1098, like an hoa would be, then you are asking for attention and can’t play stupid when caught.
temeculaguy
ParticipantBefore we get bent out of shape, let’s see what they actually implement, otherwise it’s all just election year noise. I’m betting they pass counseling dollars to non profits, tax loss carryovers for builders, and maybe little tax break for buying a repo that you plan on living in. In the end, it will be more headline than substance and the prices will continue to go down.
Speaking of the four year carryover for builder losses, this one is going to to more to lower prices faster than anything. IF you were a builder, you can take a loss this year and carry it over for up to four years to offset profit in the next upswing. Guess what, drop all your prices drastically, cause the prices to plummet within a year, buy land on the cheap and cause the next upswing to start sooner, then you wont have to pay taxes on that years profit. It only works if you can get from now to bottom to the next top in 4 years, they will abandon keeping things inflated and do all they can to reach bottom as soon as possible. I say, BRING IT ON, Mr. Fed, any attempt to control the market will have the opposite effect, the builders will be fine and forclosures will skyrocket, no FB’s will survive and you will have succeded at making things worse for the very people you intended to help.
Since UCLA is in the final 4, I’m busting out John Wooden quotes all week.
“The worst thing you can do for a loved one is something they can and should do for themself.” -John Wooden
temeculaguy
ParticipantBefore we get bent out of shape, let’s see what they actually implement, otherwise it’s all just election year noise. I’m betting they pass counseling dollars to non profits, tax loss carryovers for builders, and maybe little tax break for buying a repo that you plan on living in. In the end, it will be more headline than substance and the prices will continue to go down.
Speaking of the four year carryover for builder losses, this one is going to to more to lower prices faster than anything. IF you were a builder, you can take a loss this year and carry it over for up to four years to offset profit in the next upswing. Guess what, drop all your prices drastically, cause the prices to plummet within a year, buy land on the cheap and cause the next upswing to start sooner, then you wont have to pay taxes on that years profit. It only works if you can get from now to bottom to the next top in 4 years, they will abandon keeping things inflated and do all they can to reach bottom as soon as possible. I say, BRING IT ON, Mr. Fed, any attempt to control the market will have the opposite effect, the builders will be fine and forclosures will skyrocket, no FB’s will survive and you will have succeded at making things worse for the very people you intended to help.
Since UCLA is in the final 4, I’m busting out John Wooden quotes all week.
“The worst thing you can do for a loved one is something they can and should do for themself.” -John Wooden
temeculaguy
ParticipantBefore we get bent out of shape, let’s see what they actually implement, otherwise it’s all just election year noise. I’m betting they pass counseling dollars to non profits, tax loss carryovers for builders, and maybe little tax break for buying a repo that you plan on living in. In the end, it will be more headline than substance and the prices will continue to go down.
Speaking of the four year carryover for builder losses, this one is going to to more to lower prices faster than anything. IF you were a builder, you can take a loss this year and carry it over for up to four years to offset profit in the next upswing. Guess what, drop all your prices drastically, cause the prices to plummet within a year, buy land on the cheap and cause the next upswing to start sooner, then you wont have to pay taxes on that years profit. It only works if you can get from now to bottom to the next top in 4 years, they will abandon keeping things inflated and do all they can to reach bottom as soon as possible. I say, BRING IT ON, Mr. Fed, any attempt to control the market will have the opposite effect, the builders will be fine and forclosures will skyrocket, no FB’s will survive and you will have succeded at making things worse for the very people you intended to help.
Since UCLA is in the final 4, I’m busting out John Wooden quotes all week.
“The worst thing you can do for a loved one is something they can and should do for themself.” -John Wooden
temeculaguy
ParticipantBefore we get bent out of shape, let’s see what they actually implement, otherwise it’s all just election year noise. I’m betting they pass counseling dollars to non profits, tax loss carryovers for builders, and maybe little tax break for buying a repo that you plan on living in. In the end, it will be more headline than substance and the prices will continue to go down.
Speaking of the four year carryover for builder losses, this one is going to to more to lower prices faster than anything. IF you were a builder, you can take a loss this year and carry it over for up to four years to offset profit in the next upswing. Guess what, drop all your prices drastically, cause the prices to plummet within a year, buy land on the cheap and cause the next upswing to start sooner, then you wont have to pay taxes on that years profit. It only works if you can get from now to bottom to the next top in 4 years, they will abandon keeping things inflated and do all they can to reach bottom as soon as possible. I say, BRING IT ON, Mr. Fed, any attempt to control the market will have the opposite effect, the builders will be fine and forclosures will skyrocket, no FB’s will survive and you will have succeded at making things worse for the very people you intended to help.
Since UCLA is in the final 4, I’m busting out John Wooden quotes all week.
“The worst thing you can do for a loved one is something they can and should do for themself.” -John Wooden
temeculaguy
ParticipantBefore we get bent out of shape, let’s see what they actually implement, otherwise it’s all just election year noise. I’m betting they pass counseling dollars to non profits, tax loss carryovers for builders, and maybe little tax break for buying a repo that you plan on living in. In the end, it will be more headline than substance and the prices will continue to go down.
Speaking of the four year carryover for builder losses, this one is going to to more to lower prices faster than anything. IF you were a builder, you can take a loss this year and carry it over for up to four years to offset profit in the next upswing. Guess what, drop all your prices drastically, cause the prices to plummet within a year, buy land on the cheap and cause the next upswing to start sooner, then you wont have to pay taxes on that years profit. It only works if you can get from now to bottom to the next top in 4 years, they will abandon keeping things inflated and do all they can to reach bottom as soon as possible. I say, BRING IT ON, Mr. Fed, any attempt to control the market will have the opposite effect, the builders will be fine and forclosures will skyrocket, no FB’s will survive and you will have succeded at making things worse for the very people you intended to help.
Since UCLA is in the final 4, I’m busting out John Wooden quotes all week.
“The worst thing you can do for a loved one is something they can and should do for themself.” -John Wooden
temeculaguy
ParticipantDon’t waste your time, it is marketing in a blog format. I love the article from Feb 4th, calling bottom and claiming some homes have dropped 100k in the last year but only those that were priced incorrectly. I can probably find drops of 100k since Feb 4th when she gave that sage advice, I can certainly find 200k drops all day without trying and have posted 50% drops many times. I’ll take the challenge, heck, I’ll go one handed on a dial up connection.
Some other gems is her analysis of the 100k average sales price difference between murrieta and temecula, her only explanation was that maybe the next month the numbers would be different, HEY, thanks for the analysis. She put up the raw numbers (1800 listings in mur, 50 sales, 1300 listings in tem, 50 sales) but instead of pointing out that a new record of 26 and 36 months of inventory had been reached, she still managed to come to the conclusion that it has hit bottom and it’s a great time to buy! I guess they don’t teach history or economics in the Tarbell realtor training classes.
temeculaguy
ParticipantDon’t waste your time, it is marketing in a blog format. I love the article from Feb 4th, calling bottom and claiming some homes have dropped 100k in the last year but only those that were priced incorrectly. I can probably find drops of 100k since Feb 4th when she gave that sage advice, I can certainly find 200k drops all day without trying and have posted 50% drops many times. I’ll take the challenge, heck, I’ll go one handed on a dial up connection.
Some other gems is her analysis of the 100k average sales price difference between murrieta and temecula, her only explanation was that maybe the next month the numbers would be different, HEY, thanks for the analysis. She put up the raw numbers (1800 listings in mur, 50 sales, 1300 listings in tem, 50 sales) but instead of pointing out that a new record of 26 and 36 months of inventory had been reached, she still managed to come to the conclusion that it has hit bottom and it’s a great time to buy! I guess they don’t teach history or economics in the Tarbell realtor training classes.
temeculaguy
ParticipantDon’t waste your time, it is marketing in a blog format. I love the article from Feb 4th, calling bottom and claiming some homes have dropped 100k in the last year but only those that were priced incorrectly. I can probably find drops of 100k since Feb 4th when she gave that sage advice, I can certainly find 200k drops all day without trying and have posted 50% drops many times. I’ll take the challenge, heck, I’ll go one handed on a dial up connection.
Some other gems is her analysis of the 100k average sales price difference between murrieta and temecula, her only explanation was that maybe the next month the numbers would be different, HEY, thanks for the analysis. She put up the raw numbers (1800 listings in mur, 50 sales, 1300 listings in tem, 50 sales) but instead of pointing out that a new record of 26 and 36 months of inventory had been reached, she still managed to come to the conclusion that it has hit bottom and it’s a great time to buy! I guess they don’t teach history or economics in the Tarbell realtor training classes.
temeculaguy
ParticipantDon’t waste your time, it is marketing in a blog format. I love the article from Feb 4th, calling bottom and claiming some homes have dropped 100k in the last year but only those that were priced incorrectly. I can probably find drops of 100k since Feb 4th when she gave that sage advice, I can certainly find 200k drops all day without trying and have posted 50% drops many times. I’ll take the challenge, heck, I’ll go one handed on a dial up connection.
Some other gems is her analysis of the 100k average sales price difference between murrieta and temecula, her only explanation was that maybe the next month the numbers would be different, HEY, thanks for the analysis. She put up the raw numbers (1800 listings in mur, 50 sales, 1300 listings in tem, 50 sales) but instead of pointing out that a new record of 26 and 36 months of inventory had been reached, she still managed to come to the conclusion that it has hit bottom and it’s a great time to buy! I guess they don’t teach history or economics in the Tarbell realtor training classes.
temeculaguy
ParticipantDon’t waste your time, it is marketing in a blog format. I love the article from Feb 4th, calling bottom and claiming some homes have dropped 100k in the last year but only those that were priced incorrectly. I can probably find drops of 100k since Feb 4th when she gave that sage advice, I can certainly find 200k drops all day without trying and have posted 50% drops many times. I’ll take the challenge, heck, I’ll go one handed on a dial up connection.
Some other gems is her analysis of the 100k average sales price difference between murrieta and temecula, her only explanation was that maybe the next month the numbers would be different, HEY, thanks for the analysis. She put up the raw numbers (1800 listings in mur, 50 sales, 1300 listings in tem, 50 sales) but instead of pointing out that a new record of 26 and 36 months of inventory had been reached, she still managed to come to the conclusion that it has hit bottom and it’s a great time to buy! I guess they don’t teach history or economics in the Tarbell realtor training classes.
temeculaguy
ParticipantHe is on three times a week but I think it is the same show repeated twice, it is on KCEO AM 1000 in San Diego Wed 4-5pm; Fri 7-8am; Sun 3-4pm
He’s a good poster and his show gets raw, he lights up the FB’s telling it like it is, just a mild warning, it does have an infomercial feel as do all KCEO shows but it is still worth listeneing to and not like anything else on the local radio right now.
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